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Experts warn of complex scenario for Latin America

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Experts warn of complex scenario for Latin America

Santiago de Chile, Aug 3 (Prensa Latina) The Latin American region faces today a complex scenario due to the macroeconomic situation, inflation, high hydrocarbon prices and other factors, warned economic experts.
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Participating in a forum with specialists who are preparing the report on the economic perspectives of the area, the interim executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Mario Climoli, said more than one country is experiencing complicated social and political situations.

In the discussion on “Sustainable development in Latin America and the Caribbean: towards a greener and fairer transition”, Climoli said the most obvious solution to the current scenario would be to raise subsidies, but this could go against incentives they wish to promote.

It would also have a regressive impact on the objective of seeking greater inclusion and equality in the region, he added.

He insisted that the green agenda provides an opportunity to create better jobs and formalize sources of employment, as well as to increase productivity and promote the transformation of the Latin American productive structure and energy matrix.

The interim executive secretary of ECLAC pointed out that the discussion of these issues between Latin America and Europe should be sincere and symmetrical, based on the historical debt with a region that only contributes eight percent of carbon dioxide emissions and needs to develop industrially.

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