Economic recovery problem

Many countries in Latin America and the Caribbean are facing the dual challenge of trying to prevent the pandemic and coming up with specific plans to revive their economies that are in severe crisis. masonry. This is a task that needs the consensus of the governments of all countries in the current difficult context.

The Covid-19 epidemic broke out in Latin America, causing the region's economy to be severely affected in most areas of life, economy and society. Latin America and the Caribbean region, although less than 10% of the world's population, has nearly 20% of the total number of Covid-19 infections globally.

According to the forecast of the World Bank (WB), the GDP of the whole Latin America region may slowly increase again in 2021 to 3.7%, after touching a negative growth rate of 6.9% in the year. 2020. Latin American countries are trying to bring the pandemic under control through the rollout of mass Covid-19 vaccination programmes, pledging to facilitate new investments to support growth. chief.

In addition, many governments will face budget difficulties due to the impact of the decrease in foreign loans. Therefore, economic experts say, the cooperation between the state and the private sector will play an important role, as a way for countries in the region to maintain the investment rate and infrastructure development. , especially in the fields of railways, ports, digital and energy. Regional multilateral institutions such as the Latin American Development Bank (CAF) or the Inter-American Development Bank (IDB) also play an increasingly important role in promoting economic recovery projects.