Publication: Results in the Latin America and Caribbean Region 2021, Volume 16
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2021-04
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2021-04
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This book showcases the many ways in which the World Bank is pushing the medium-term sustainable development agenda forward while dealing with the pressing health emergency response and the economic and human capital recovery challenges. Though hard and dramatic for millions of people across the region, the pandemic crisis now offers a unique opportunity to rethink the future of Latin America and the Caribbean.
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“World Bank. 2021. Results in the Latin America and Caribbean Region 2021, Volume 16. © World Bank. http://hdl.handle.net/10986/36936 License: CC BY 3.0 IGO.”
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Publication Results in the Latin America and Caribbean Region 2020, Volume 15(World Bank, Washington, DC, 2020-10)The COVID-19 pandemic completely changed priorities and policy actions in Latin America and the Caribbean over the past year. The health emergency response became the first immediate challenge, focused on saving lives and mitigating the devastating effects of the pandemic as it progressed through the region. The World Bank Group stood side by side with governments, supporting health emergency efforts in 21 countries to contain the virus, its impact on the economy and, most importantly, protect the poor and most vulnerable.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 2018, Volume 11(World Bank, Washington, DC, 2018-04)The Latin America and the Caribbean region has turned the corner, growing again after six years of economic slowdown. Economic growth is key to continue making progress on the social front and return to the poverty reduction gains that the region achieved over the first one and a half decades of the new century, when poverty was nearly halved. Moreover, now that growth is picking up it will be possible to focus even more on other areas that are also critical for the development of the region over the long-run, such as human capital, disaster risk management, good governance, and ensuring that the most vulnerable groups in society also benefit from growth.Publication Results in the Latin America and Caribbean Region 2019, Volume 13(World Bank, Washington, DC, 2019-04)The World Bank’s work in Latin America and the Caribbean has one overriding priority: better lives for its people. All of us working at the Bank dream of a region where people can work and prosper. Where the next generation will live better than the current one; where kids get quality education and mothers quality health care; where individual circumstances at birth such as gender or being born in a rural area do not determine the chances of success in life; and where governments meet the demands of their population for transparency. We all dream of a region where poverty has been eliminated and the development process leads to shared prosperity.Publication Results in the Latin America and Caribbean Region 2021, Volume 17(World Bank, Washington, DC, 2021-10)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.
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