Full Overview
Latin America and the Caribbean have some of the world’s best sites for generating solar and wind power, as well as two-thirds of the world’s lithium and 38 per cent of its copper. The region has the potential to become a significant exporter of green energy and the minerals needed for the green transition. Already accounting for 45 per cent of global agrifood trade, it can produce more for a world in food crisis. With companies seeking to move away from China and closer to the US, parts of Latin America can become a nearshoring hub while also benefiting from new investment strategies by China and Europe in telecoms, digital technology and other industries.
However, much of the region’s potential is unfulfilled, hampered by political instability, a shortage of investment and a relative lack of infrastructure. Growth has been minimal in the past decade. New global trends will bring fruit only if government policies can address shortfalls and assure a stable investment climate which makes the region internationally competitive, helped by multilateral programmes and financial tools.
This webinar, hosted by the Financial Times in partnership with the Inter-American Development Bank, explored how Latin America and the Caribbean can respond to global opportunities to boost growth. It focused on strategies to leverage the region’s potential in renewables, food production and more while overcoming regional challenges.
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