Inclusive labor market participation is a critical factor in reducing inequality and informality in Latin America and the Caribbean. On June 27, 2023, authorities and experts gathered to inaugurate the Third Regional Seminar on Social Development organized by the Economic Commission for Latin America and the Caribbean (ECLAC) in collaboration with various institutions. The consensus…
Mexico has made remarkable progress in advancing gender equality, yet certain gaps persist that hinder the country’s economic potential. In response, the Mexican government has taken proactive measures to create economic opportunities for women and foster sustainable and inclusive growth. Recognizing these efforts, the World Bank has pledged technical and financial support to aid the…
On June 7, 2023, the Inter-American Development Bank (IDB) approved a substantial loan to support the development of Chile’s green hydrogen industry. This strategic operation aims to decarbonize the economy and create new opportunities for productive development in the country. The loan will be utilized to finance various aspects of the industry, including projects in…
On June 28, 2023, the Inter-American Development Bank (IDB) approved a Conditional Credit Line for Investment Projects (CCLIP) of up to $800 million to support the modernization of the Salto Grande Binational Hydroelectric Complex (CHSG) in Argentina and Uruguay. This initiative aims to decarbonize the interconnected electricity systems, foster regional sustainable development, and enhance economic…
The interest in Central Bank Digital Currencies (CBDCs) and the use of cryptocurrencies in Latin America and the Caribbean (LAC) has gained significant attention in recent years. This region has emerged as a global leader in digital money adoption, offering valuable lessons for the rest of the world. While countries like El Salvador have made…
June 23, 2023, marked a significant milestone for the Government of Barbados as it unveiled a comprehensive package of innovative initiatives aimed at accelerating the country’s transition to a net-zero economy, enhancing resilience, empowering workers, and attracting private sector investment. These initiatives, announced during the Summit for a New Global Financing Pact in Paris, are…
The COVID-19 pandemic has had far-reaching consequences across Latin America, and El Salvador is no exception. In this context, various co-governance arrangements have played a significant role in shaping the outcomes of COVID-19 support programs for micro, small, and medium-sized enterprises (MSMEs). From a liberal perspective, it is crucial to analyze these arrangements and understand…