Latin America has enjoyed almost a decade of continual and more inclusive growth. Now the region has arrived at a crossroads, both in the face of global developments and regional transformations.
On the one hand, growth rates are stalling, aggravated by external macroeconomic pressures, falling commodity prices and a low savings rate in various countries. This may put social gains at risk and result in political discontent. On the other hand, the region is entering a new phase of international trade and witnessing historic political milestones that will have regional and global impact. With a bold leadership and partnership agenda, these transformations can be actively and strategically shaped. Driven by economic diversification and innovation, built on stable and trusted public institutions and policies, Latin America can build on its strengths and resources.
The World Economic Forum on Latin America convened leaders from numerous sectors, thought leaders, and youth to discuss challenges and opportunities facing Latin America.
In a session entitled "Making COP21 Work," Ricardo Meléndez-Ortiz joined fellow panelists Carlos Represas (Swiss Reinsurance Company Ltd), Leo Schlesinger (Aliat Universidades), Luis Gilberto Murillo (Ministry of the Environment and Sustainable Development of Colombia), and Ana Giros (SUEZ). The panel addressed how stakeholders in Latin America's future can decarbonize the economy, strengthen resilience and adaptation, and protect biodiversity and forests.
A video of the session may be seen here. More information about the World Economic Forum on Latin America may be found here.