evrimagaci.org on Nostr: Latin America Faces Economic Development Crisis ========== Latin America and the ...
Latin America Faces Economic Development Crisis
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Latin America and the Caribbean (LAC) face significant economic development challenges; OECD, ECLAC, and CAF released the 2024 Latin American Economic Outlook (LEO) report; LAC's sustainable financing gap estimated at USD 99 billion annually; average labor productivity at 33% of OECD levels; poverty affects 27.3% of the population; urban poverty is rising, with 82% of the population living in urban areas; Almudena Fernández from UNDP highlights increased urban vulnerability; fiscal reforms needed include increasing tax revenues from 21.5% of GDP to OECD's 34%; public sector debt consumes 12.2% of tax revenues; only 50% of GDP represented as domestic credit to the private sector; Development Finance Institutions focusing on micro, small, and medium-sized enterprises; EU-LAC Global Gateway Investment Agenda aims to mobilize resources; UN’s Fourth International Conference on Financing for Development scheduled for 2025; innovative financial instruments like green and social bonds have increased from 9.3% to 35%; specific policies needed for urban poverty; urgent reforms required to address economic challenges.
#LatinAmerica #EconomicDevelopment #Poverty #Urbanization #Oecd #Undp #FiscalPolicy #SustainableGrowth #DebtManagement #PublicprivatePartnerships
https://evrimagaci.org/tpg/latin-america-faces-economic-development-crisis-83583
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Latin America and the Caribbean (LAC) face significant economic development challenges; OECD, ECLAC, and CAF released the 2024 Latin American Economic Outlook (LEO) report; LAC's sustainable financing gap estimated at USD 99 billion annually; average labor productivity at 33% of OECD levels; poverty affects 27.3% of the population; urban poverty is rising, with 82% of the population living in urban areas; Almudena Fernández from UNDP highlights increased urban vulnerability; fiscal reforms needed include increasing tax revenues from 21.5% of GDP to OECD's 34%; public sector debt consumes 12.2% of tax revenues; only 50% of GDP represented as domestic credit to the private sector; Development Finance Institutions focusing on micro, small, and medium-sized enterprises; EU-LAC Global Gateway Investment Agenda aims to mobilize resources; UN’s Fourth International Conference on Financing for Development scheduled for 2025; innovative financial instruments like green and social bonds have increased from 9.3% to 35%; specific policies needed for urban poverty; urgent reforms required to address economic challenges.
#LatinAmerica #EconomicDevelopment #Poverty #Urbanization #Oecd #Undp #FiscalPolicy #SustainableGrowth #DebtManagement #PublicprivatePartnerships
https://evrimagaci.org/tpg/latin-america-faces-economic-development-crisis-83583