ECLAC urges strengthening public investment to boost the region’s economy

October 9, 2015

Public investment is essential to boost economic growth in the countries of Latin America and the Caribbean, considering that this dynamic will contract this year by -0.3%.

Alicia Bárcena, executive secretary of the Economic Commission for Latin America (ECLAC) made this recommendation in the framework of a meeting of finance ministers of the region, held this week in Lima, Peru.

Bárcena stressed that the fall in the investment rate is one of the main factors that has led to the reduction of growth in the region, especially in the countries most closely linked to the production and export of raw materials.

He indicated that investment in infrastructure can be the alternative to boost positive growth in the medium and long term.

The senior official will accompany the UN Secretary General, Ban Ki-moon, on his official visit to Peru to attend the annual meetings of the World Bank Group and the International Monetary Fund (IMF).

October 9, 2015

Public investment is essential to boost economic growth in the countries of Latin America and the Caribbean, considering that this dynamic will contract this year by -0.3%.

Alicia Bárcena, executive secretary of the Economic Commission for Latin America (ECLAC) made this recommendation in the framework of a meeting of finance ministers of the region, held this week in Lima, Peru.

Bárcena stressed that the fall in the investment rate is one of the main factors that has led to the reduction of growth in the region, especially in the countries most closely linked to the production and export of raw materials.

He indicated that investment in infrastructure can be the alternative to boost positive growth in the medium and long term.

The senior official will accompany the UN Secretary General, Ban Ki-moon, on his official visit to Peru to attend the annual meetings of the World Bank Group and the International Monetary Fund (IMF).