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Introduction

Latin America and the Caribbean face a crucial challenge: increasing productivity and competitiveness without exacerbating inequality. Despite its natural wealth and young population, the region struggles with low growth, labor informality, and poverty, with 32% of its population living in poverty and half of its workforce engaged in informal jobs. Factors such as low investment in education (5% of GDP), deficiencies in infrastructure, and a poorly diversified productive base hinder its development. Moreover, corruption and insecurity erode trust and inhibit investment.

To address this issue and design concrete solutions, CAF - development bank of Latin America and the Caribbean, will host the International Economic Forum: Latin America and the Caribbean 2025 – How to get back on the path to growth? in Panama. This high-level event will bring together global leaders and regional experts to explore strategies for promoting an inclusive and sustainable development model, prioritizing strong institutions, innovation, digitalization, green energy transition, infrastructure, and equitable opportunities.

Dates: January 29 and 30, 2025
Location: Panama Convention Center. Panama City, Panama

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Plenary sessions

The Forum will feature plenary sessions bringing together all participants to address the region's key challenges and opportunities. Led by international experts and leaders, these sessions will focus on global topics such as sustainability, innovation, and economic integration, creating a space to reflect on strategies that drive sustainable and inclusive growth.

Plenary Session 1.

The Private Sector as a Driver of Change: Advancing the 2030 Sustainable Development Agenda in Latin America and the Caribbean

Can the private sector help Latin America and the Caribbean achieve the SDGs? With an annual investment gap of USD 160 billion, the private sector holds the potential to transform the region through innovation, strategic partnerships, and impact-driven financing. In a region where 70 million people live in extreme poverty and only 4% of global impact investments are directed, this panel will explore how businesses can adopt ESG criteria, bridge the investment gap, innovate, and create jobs—building a more sustainable and inclusive model.

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The Private Sector as a Driver of Change: Advancing the 2030 Sustainable Development Agenda in Latin America and the Caribbean

Plenary Session 2.

How to Drive Growth? Investment, innovation, policies, institutions, and governance are key to charting a new path to growth

Latin America and the Caribbean are trapped in a cycle of low economic growth, with GDP per capita increasing by only 0.6% over the past decade. Factors such as low investment in infrastructure (2.8% of GDP), labor informality affecting 50% of the workforce, and an economy focused on low-value-added sectors hinder productivity and competitiveness. This panel will explore how public policies, private investment, and innovation can drive inclusive growth by strengthening institutions, transparency, and governance.

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How to Drive Growth? Investment, innovation, policies, institutions, and governance are key to charting a new path to growth

Plenary Session 3.

Innovation and Productivity for a Resilient Economy

Latin America and the Caribbean face a structural challenge: labor productivity is less than half that of advanced economies, and investment in R&D stands at only 0.8% of GDP, far below the global average of 2.4%. This gap limits the ability of businesses to innovate and adapt, weakening resilience to global crises. This panel will explore how technological innovation, digitalization, and sustainable models can boost productivity, integrate SMEs, and promote public-private partnerships to build a competitive and sustainable economy.

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Innovation and Productivity for a Resilient Economy

Plenary Session 4.

Energy Wealth and the Green Transition in Latin America and the Caribbean

With 60% of its energy mix derived from renewables, Latin America and the Caribbean far exceed the global average of 29% and possess vast potential in solar, wind, geothermal, and green hydrogen energy. However, uneven development and the lack of regulatory frameworks limit its expansion, missing opportunities to diversify economies and create jobs. This panel will explore how governments, the private sector, and multilateral organizations can transform this energy wealth into a driver of growth and sustainability.

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Energy Wealth and the Green Transition in Latin America and the Caribbean

Parallel Sessions

The Forum will feature parallel sessions designed to delve deeper into specific topics. These spaces will allow experts, leaders, and participants to analyze key issues such as digitalization, sustainable financing, social inclusion, and the energy transition, fostering in-depth discussions and collaborations in strategic areas to drive the region's development.

Parallel Session 1.

Capital with Purpose: The New Era of Philanthropy and Impact Investing

Latin America and the Caribbean, facing challenges like extreme poverty and persistent inequality, attract only 4% of global impact investments, according to GIIN. This panel will explore how family offices, strategic philanthropy, and private investors can bridge development gaps by channeling capital into projects that deliver financial returns alongside social and environmental benefits. Successful cases and scalable strategies will be discussed to catalyze meaningful change in the region.

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Capital with Purpose: The New Era of Philanthropy and Impact Investing

Parallel Session 2.

Infrastructure for Competitiveness and Public Services

Latin America and the Caribbean face a critical infrastructure gap, with investments at just 2.8% of GDP, far below the 5% recommended by the World Bank. This shortfall impacts the quality of public services and limits the productive potential of local economies. This session will explore how to mobilize financing, establish successful public-private partnerships, and develop innovative projects that drive connectivity, sustainability, and equity, drawing lessons from emerging markets to attract international investment.

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Infrastructure for Competitiveness and Public Services

Parallel Session 3.

Driving the Future: Financing Sustainable Growth in Latin America and the Caribbean

Latin America and the Caribbean face an annual financing gap of USD 160 billion to achieve the SDGs, yet in 2022, the region mobilized only USD 21.2 billion in private financing. This highlights the urgent need to innovate with instruments such as thematic bonds, blended finance, and public-private partnerships. This dialogue will explore how to unlock resources and direct investments toward key sectors like infrastructure, renewable energy, and sustainable production, emphasizing the essential roles of governments, financial institutions, and the private sector.

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Driving the Future: Financing Sustainable Growth in Latin America and the Caribbean

Interactive Sessions

The Forum will include interactive sessions designed to encourage dynamic exchanges of ideas among participants. These spaces will foster collaboration, explore innovative solutions, and tackle specific challenges through open discussions, hands-on workshops, and collaborative activities, driving the co-creation of strategies for the region’s sustainable development.

Interactive Dialogue 1.

Digitalization to Bridge Development Gaps

Digitalization is key to reducing inequalities and accelerating development in Latin America and the Caribbean, where only 68% of the population has internet access. The digital divide limits access to essential services like education and healthcare, yet increasing broadband penetration by 10% could boost per capita GDP by 3.2%, according to the IDB. This dialogue will explore how to close these gaps, empower SMEs, ensure digital inclusion, and enhance public service delivery to strengthen regional competitiveness.

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Digitalization to Bridge Development Gaps

Interactive Dialogue 2.

Elevating Latin America and the Caribbean's Presence in the Global Market: Strategies for Effective Regional Internationalization

Despite its wealth of natural resources and emerging sectors, Latin America and the Caribbean account for only 6% of global trade, with intraregional trade reaching just 15%, far below other regions like Europe (60%) or Asia (35%). This fragmentation limits competitiveness and access to global value chains. This session will explore ways to strengthen regional integration, diversify exports, and modernize infrastructure to position the region as a leader in the global economy, in an inclusive and sustainable manner.

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Elevating Latin America and the Caribbean's Presence in the Global Market: Strategies for Effective Regional Internationalization

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