Faced with the risk that Latin America is heading towards a third lost decade, the Economic Commission for Latin America and the Caribbean (ECLAC) presents its proposal for economic and social transformation. Thus, he asked the countries of the region to improve productive development policies to “escape the trap of low capacity for growth” and thus avoid a third “lost decade.”
At its Fortieth Session, ECLAC put an innovative proposal to the countries of the region for consideration to manage the transformations necessary to move towards more productive, inclusive and sustainable development.
At the meeting from Lima, Peru, which was inaugurated by Dina Boluarte, president of Peru; Amina Mohammed, Deputy Secretary General of the United Nations (by video), and José Manuel Salazar-Xirinachs, Executive Secretary of ECLAC, urged the region to act and undertake decisive, integrated and coordinated actions that allow it to overcome development traps and move towards a more productive, inclusive and sustainable future, as well as to help build a better world on the international stage.
The highest representative of ECLAC, José Manuel Salazar, highlighted “the unique and extraordinary moment” that the world is going through.
After the inauguration, José Manuel Salazar-Xirinachs presented the position document entitled “Latin America and the Caribbean in the face of development traps: Essential transformations and how to manage them”, which submits a new proposal on how to manage the which ECLAC sees as the essential transformations to overcome the traps and close the development gaps that affect the region.
“This is not just another document, but rather it aspires to mark new directions in the thinking, research and technical assistance of ECLAC and invites governments and societies to rethink, reimagine and transform with a prospective or long-term vision to assume the construction of the future under a strengthened and anticipatory governance,” he stated.
“With this document we aspire to point out directions that feed, with a combination of pragmatism and effectiveness, the hopes that a better future is possible, in a region of peace, committed to development in democracy and with strengthened multilateralism and international cooperation” , he concluded.
Amina Mohammed emphasized the need for solid multilateral cooperation to achieve sustainable development, and urged to give a double impetus to the implementation of the 2030 agenda.
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