Tag: Development bank of latin america

• Thursday, April 25th 2019 - 08:09 UTC

  Closer ties between China and the Development Bank of Latin America

  

  The head of a top Latin American financial institution believes China's Belt and Road Initiative, or BRI, could help inject new dynamism into the world economy, as well as generate new ideas to foster more connectivity between Asia and Latin America. Luis Carranza Ugarte, executive president and CEO of CAF－Development Bank of Latin America－is attending the second Belt and Road Forum for International Cooperation in Beijing this week.

• Friday, April 6th 2018 - 19:47 UTC

  Regaining citizens’ trust in public institutions is key to resuming inclusive growth and well-being in Latin America and the Caribbean

  

  Brussels, 09 April 2018 - Three out of four Latin Americans today show little or no confidence in their national governments. Around 80% think corruption is widespread. These levels are both up from 55% and 67% respectively in 2010. Mistrust is rising as in most regions of the world and risks deepening the disconnect between people and public institutions, harming social cohesion and weakening the social contract. Reconnecting public institutions with citizens by better responding to their demands is thus critical for strengthening growth and sustainable development in Latin America and the Caribbean (LAC) and for the well-being of the region’s citizens, according to the Latin American Economic Outlook 2018, Rethinking Institutions for Development. The region needs more transparent, capable, credible and innovative institutions if it wants to put itself on a higher and more inclusive development trajectory.