ECLAC indicates that Latin American GDP should grow at 4 %
As indicated by the Economic Commission, achieving this objective would mean eradicating poverty in the region by 2030
The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) indicated that the Gross Domestic Product (GDP) of the region should grow at an interannual rate of 4 % and carry out a redistribution of up to 3 % of annual GDP to eliminate poverty in the region in 2030.
This was stated by the executive secretary of the organization, Alicia Bárcena, in the presentation of a new document prepared by the organization, in which, among others, participated the president of Costa Rica, Carlos Alvarado, and the fourth vice president of the Government and minister for the Ecological Transition of the Government, Teresa Ribera.
Bárcena explained that such growth will only be possible if the external restriction to growth is overcome through “authentic” competitiveness based on the development of human and technological capabilities.
The secretary said that this effort must be supported by the energy transition, innovation and diffusion of environmental technologies so that the region can grow by complying with the emission reduction commitments established in the Paris Agreement.
The new ECLAC text details that the crisis caused by the pandemic has hit the region when they already showed serious problems of low growth, inequality and environmental imbalances created by an unsustainable style of development. The document emphasizes that recovery in the current context involves acting immediately with a long-term view.
K. Tovar
Source: Infobae
