The development bank of Latin America and the Caribbean (CAF) will host a two-day forum bringing together global and regional leaders to discuss and formulate strategies to promote sustainable economic growth and the well-being of people from Latin America and the Caribbean.
CAF said that the “Latin America and the Caribbean International Economic Forum 2025: How to return to the path of growth?” will begin on Wednesday and will be attended by several leaders including Sergio Díaz-Granados, Executive President of CAF; Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development; Carlos Felipe Jaramillo, World Bank Vice President for the Latin America and Caribbean region as well as José Manuel Salazar-Xirinachs, the Executive Secretary of Economic Commission for Latin America and the Caribbean (ECLAC).
CAF said Latin America and the Caribbean faces structural challenges that have limited its economic and social growth for decades.
“Despite having vast natural resources, a young and enterprising population, and enviable energy potential, the region continues to face low growth and high inequality. The forum will address how the region can achieve inclusive and sustainable economic growth in the coming years,” CAF said.
It said that the main objective of the forum, which will serve as a meeting place between the private sector, government authorities and the multilateral sphere, will be to identify and promote innovative strategies that strengthen institutions, promote innovation and digitalisation, advance the transition to green energy as well as develop strategic infrastructure and generate inclusive opportunities for all.
CAF said that these initiatives are critical to overcoming current obstacles and creating a more dynamic and resilient economic environment.
“Latin America and the Caribbean has the potential to become a region of global solutions to the great challenges of development, but at the same time it must achieve sustained and inclusive growth and address its structural problems, such as inequalities, low productivity or poverty reduction.
“This forum will be a key step towards these goals, as it will outline concrete action plans to improve the quality of life and create a fairer, more resilient and sustainable economy”, said Díaz-Granados, CAF’s Executive President.
The financial institution said that during the two-day event, a series of sessions will be held that will include panel discussions, keynotes, and collaborative workshops. These activities will allow participants to explore in depth the challenges and opportunities of the region, promoting constructive dialogue and the exchange of innovative ideas.
The sessions will cover issues including Economic Outlook 2025 allowing experts to analyse the economic situation of Latin America and the Caribbean for the year as well as elevating Latin America and the Caribbean’s presence in the global market.
Strategies for an effective internationalisation of the region, the circular economy in urban solid waste management in Latin America and the Caribbean as well as wealth and energy transition in Latin America and the Caribbean will also be discussed.
The importance of connectivity for regional growth as well as a vision for the future development of the region are also on the agenda.
“Latin America and the Caribbean has an opportunity to establish a path of inclusive and sustainable growth. Through collaboration and the exchange of ideas in this forum, leaders in the region can work together to create a more just, resilient, and prosperous economy,” the CAF added.
Source-CMC
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