Publication: Results in the Latin America and Caribbean Region 2021, Volume 17
Loading...
Published
2021-10
ISSN
Date
2022-02-07
Author(s)
Editor(s)
Abstract
As a direct consequence of the COVID-19 pandemic, 2021was a year of enormous challenges in Latin America and the Caribbean (LAC). The region faced a daunting health emergency, for which it was ill prepared, and then endured the devastating social and economic costs of the crisis. LAC’s daunting challenge was to begin its social and economic recovery while still battling the pandemic. The World Bank supported these efforts and made a record contribution to the region’s countries, helping to mitigate the damage, protect the most vulnerable and support reconstruction efforts. The road to full recovery will still be long, and the region must continue to move toward more inclusive and resilient growth, deepening its capacity to absorb shocks and offering a greater well-being to its population. The briefs contained in this book showcase the many ways that both active and recently closed World Bank-financed projects are supporting the region’s efforts to overcome the current health crisis, and helping to lay foundations for long-term development, with inclusive growth, human capital creation and greater resilience. To promote inclusive growth, efforts were made to ensure that the benefits of investments in key sectors reach everyone. In the Brazilian state of Pernambuco, for example, a US$190 million loan helped finance investments in water supply and sanitation infrastructure, reducing water rationing for 900,000 people in Recife and connecting 70,000 people to the sewerage network. In northern Argentina, with a US358.8 million dollars loan from the Bank, investments were made along 418 kilometers of provincial roads, improving access and mobility for the area’s rural populations and indigenous communities. Human capital investments are fundamental for development. They help provide people with the tools they need to prosper and take advantage of available opportunities in a time of uncertainty and deep transformation in the world of work.
Link to Data Set
Citation
“World Bank. 2021. Results in the Latin America and Caribbean Region 2021, Volume 17. © World Bank. http://hdl.handle.net/10986/36937 License: CC BY 3.0 IGO.”
Digital Object Identifier
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Related items
Showing items related by metadata.
Publication Results in the Latin America and Caribbean Region 2015, Volume 5(Washington, DC, 2015-04)In the past decade, Latin America and the Caribbean has achieved impressive social and economic successes. For the first time in history, more people are in the middle class than in poverty. Inequality, although still high, declined markedly. Growth, jobs and effective social programs have transformed the lives of millions. In a striking departure from the crisis-prone Latin America of the past, the region has shown it is better prepared to weather the brunt of the global economic slowdown. Now, the region faces the challenge of maintaining and expanding its hard won gains in an adverse context of low growth. This is caused in part by a decrease in commodity prices and reduced economic activity in major commercial partners such as China. In such a scenario, achieving development results - and learning from them - becomes more important. This publication showcases stories about people and how their lives have been improved through better health and education, youth employment, disaster recovery and preparedness, infrastructure, and more.Publication Results in the Latin America and Caribbean Region, 2015, Volume 6(World Bank, Washington, DC, 2015-10-01)Latin America and the Caribbean (LCR) will be center stage in the global development debate as leaders from around the world convene in Lima, Peru for the annual meetings of the World Bank Group and International Monetary Fund. Critical progress in poverty reduction has been made in the region over the last decade. The region’s bottom 40 percent of the population saw growth eclipsing that seen by the group in every other region in the world. However, a global slowdown in economic growth and activity challenges these positive strides. The stories in this report embody concrete successes of countries working together with the World Bank. Innovative development approaches were designed and implemented. Individuals, communities, countries, and even regions benefited from better health, education, governance, disaster risk management, and more.Publication Results in the Latin America and Caribbean Region(Washington, DC, 2013-02)A focus on development results is at the heart of the Latin America and Caribbean Region s approach to delivering programs and policy advice with partners in middle-income and low income countries alike. Through knowledge, convening activities, and financial services we strive to help people across the region create better opportunities and build a better future for themselves, their families and their country. Documenting, measuring and evaluating results of what we do, helps us and our partners to engage more effectively, learn from our experiences and apply lessons to the design and implementation of future interventions. This collection of result stories shows our continuous efforts to adopt and integrate technical analysis, timely policy advice, and a variety of financial instruments into programs that are aligned with client priorities. Results show the increased demand and the effectiveness of peer-to-peer learning, have led to a scaling up our support for South-South exchange activities and the use our convening power to support successful partnerships and mobilize additional resources to finance development work.Publication Results in the Latin America and Caribbean Region 2013, Volume 2(Washington, DC, 2013-10)Delivering on results is a key to achieving our Latin America and Caribbean strategy. This publication presents some of the recent results achieved by the World Bank Group, our clients, and our partners in the Latin America and Caribbean Region. The stories reflect our effort to help clients solve their development challenges quickly and effectively by providing a suite of financing, advisory and convening services. This is a way to demonstrate results in increasing opportunities for all citizens in key development areas, share them with other countries facing similar challenges, and learn from them to innovate and improve further actions.Publication Results in the Latin America and Caribbean Region, 2016, Volume 7(World Bank, Washington, DC, 2016-04)Over the last decade, the countries of the Latin America and the Caribbean region experienced a deep economic and social transformation which lifted millions out of poverty and swelled the ranks of the middle class. Strong economic growth driven by both domestic reforms and a favorable global economic environment, was responsible for this progress. Complementary social programs, made possible by growing fiscal space, helped finance programs that supported the poor and disadvantaged. Economic tailwinds have now receded and much of the region is now working to hold on to the recent economic and social gains. Governments are having to adjust to the new global conditions which an increasing number of analysts are regarding as 'the new normal'. This means that the region will need to work harder to (i) revive economic growth through productivity gains and stable macroeconomic policies; (ii) invest in sustainable cities and infrastructure for an increasingly urban population; and (iii) help the poor get out of poverty through quality education and health services and affordable social protection programs.
Users also downloaded
Showing related downloaded files
Publication Western Balkans 6 Country Climate and Development Report(Washington, DC: World Bank Group, 2024-07-16)This Regional Western Balkans Countries Climate and Development Report (CCDR) stands out in several ways. In a region that often lacks cohesive regional alliances, this report emphasizes how the challenges faced across countries are often common and interconnected, and, importantly, that climate action requires coordination on multiple fronts. Simultaneously, it illustrates the differences across countries, places, and people that require targeted strategies and interventions. This report demonstrates how shocks and stressors re intensifying and how investments in adaptation could bring significant benefits in the form of avoided losses, accelerated economic potential, and amplified social and economic spillovers. Given the region’s high emission and energy intensity and the limitations of its current fossil fuel-based development model, the report articulates a path to greener and more resilient growth, a path that is more consistent with the aspiration of accession to the EU. The report finds that the net zero transition can be undertaken without compromising the economic potential of the Western Balkans and that it could lead to higher growth than under the Reference Scenario (RS) with appropriate structural reforms.Publication Argentina Country Climate and Development Report(World Bank, Washington, DC, 2022-11)The Argentina Country Climate and Development Report (CCDR) explores opportunities and identifies trade-offs for aligning Argentina’s growth and poverty reduction policies with its commitments on, and its ability to withstand, climate change. It assesses how the country can: reduce its vulnerability to climate shocks through targeted public and private investments and adequation of social protection. The report also shows how Argentina can seize the benefits of a global decarbonization path to sustain a more robust economic growth through further development of Argentina’s potential for renewable energy, energy efficiency actions, the lithium value chain, as well as climate-smart agriculture (and land use) options. Given Argentina’s context, this CCDR focuses on win-win policies and investments, which have large co-benefits or can contribute to raising the country’s growth while helping to adapt the economy, also considering how human capital actions can accompany a just transition.Publication Tajikistan Country Climate and Development Report(Washington, DC: World Bank, 2025-03-28)The Tajikistan Country Climate and Development Report (CCDR) explores the impact of climate change and global decarbonization on Tajikistan’s development. It identifies key areas to enhance climate resilience and deepen decarbonization and outlines priority recommendations for a successful green transition in Tajikistan, requiring structural reforms, climate-conscious policies, and inclusive strategies for a resilient and sustainable future. Despite economic growth and poverty reduction over the past two decades, Tajikistan's reliance on natural resources and remittances has led to unsustainable development, depleting natural capital and limiting job creation. The government’s green transition plan focuses on renewable energy, promising energy security, economic growth, and regional electricity exports. However, further efforts are needed for a resilient development path, including a complementary reform program to bring significant economic benefits, climate adaptation, and low-carbon development that will benefit Tajikistan and Central Asia's electricity systems. Climate change poses significant risks, threatening water security, agricultural productivity, and infrastructure, potentially reducing GDP per capita by 5-6% by mid-century and pushing 100,000 people into poverty. Additional adaptation measures are crucial, focusing on water management, resilient landscapes, climate-smart agriculture, and disaster risk management. A low-carbon development pathway offers a more resilient and prosperous future, with near net-zero emissions in energy and waste sectors by 2050, boosting economic growth, and job creation and reducing air pollution. Achieving these goals requires substantial investments and institutional reforms to mobilize private capital and attract green foreign investment. Development partners can provide financial assistance, technical expertise, and capacity building.Publication Jobs in a Changing Climate: Insights from World Bank Group Country Climate and Development Reports Covering 93 Economies(Washington, DC: World Bank, 2025-11-05)The World Bank Group’s Country Climate and Development Reports (CCDRs) provide a crosscutting look at how countries’ development prospects, and the job opportunities they offer to their people, can be threatened by climate impacts and supported by climate policies. Climate change and policies affect jobs through impacts on productivity, energy and material efficiency, and physical, human, and natural capital. They can also transform employment opportunities, especially through complementary measures that help workers and firms adapt to and benefit from new technologies and production practices. Prepared by the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA), CCDRs integrate country perspectives, climate science and economic modeling, private sector information, and policy analysis to assess how countries can successfully grow and develop their economies and create jobs despite increasing climate risks and while achieving their climate objectives and commitments. Each CCDR starts from the country’s development priorities, opportunities, and challenges, and is developed in close consultation with governments, businesses, and civil society, ensuring the recommendations reflect national priorities. By combining evidence on adaptation, resilience, and emissions pathways, CCDRs highlight where climate action can reinforce development and job creation, and where targeted policies are needed to manage risks and smooth labor market transitions. Taken together, these elements can help create local jobs, ensure economic transitions are just and inclusive, and equip workers and firms to navigate the disruptions and opportunities of a changing climate and changing technologies.Publication Kyrgyz Republic Country Climate and Development Report(Washington, DC: World Bank, 2025-11-03)This Country Climate and Development Report (CCDR) on the Kyrgyz Republic aims to support the country’s development goals amid a changing climate. The CCDR considers two policy scenarios up to 2050: the business-as-usual (BAU) and high-growth scenarios. As it quantifies the likely impacts of climate change on the Kyrgyz economy between now and 2050, the report highlights key government actions to best prepare for and adapt to climate impacts (referred to as “with adaptation” measures), with a particular focus on the time horizon up to 2030. The CCDR also outlines a path to net zero emissions by 2050 (referred to as “with mitigation” measures, “decarbonization,” or, simply, “net zero 2050”), highlighting associated development co-benefits.