Results in the Latin America and Caribbean Region 2017, Volume 10
Latin America and the Caribbean is growing again after being the hardest-hit region during the global deceleration. But to keep making progress on poverty reduction and reducing inequality, the region needs to grow faster and to remain particularly...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/927331644217407680/2017-Results-in-the-Latin-America-and-Caribbean-Region http://hdl.handle.net/10986/36930 |
| Summary: | Latin America and the Caribbean is
growing again after being the hardest-hit region during the
global deceleration. But to keep making progress on poverty
reduction and reducing inequality, the region needs to grow
faster and to remain particularly mindful of the tremendous
setbacks external shocks can inflict. A series of natural
disasters over the last months have been stark reminders of
the risks the region faces without further efforts and
resources dedicated to ensuring resilience. In the post
commodity boom, the good news is that social progress has
not been reversed. In fact, all signs are that countries in
the region are taking steps to consolidate this progress and
ensure that even at lower growth rates, the poor and
vulnerable do not suffer. But there is no time to waste. We
now know that poverty and inequality reduction as well as
middle class growth in Latin America and the Caribbean came
to a halt in 2015. What’s more, images of devastation from
storms and earthquakes in recent weeks are the latest and
powerful reminders that without resilience, we cannot
continue advancing. As you will read in the following pages,
the World Bank has been at the forefront in helping the
region to be proactive on all these fronts. As we highlight
some of the projects that reached completion over the past
12 months, we find important recurring themes around the
issues of protecting the vulnerable and developing
resilience to external shocks such as natural disasters
particularly for small states. |
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