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The President of the Inter-American Development Bank (IDB), Mauricio Claver-Carone, said that “in every crisis there are opportunities and that is where you have to focus.”

The president of the Inter-American Development Bank (IDB), Mauricio Claver-Carone, assured that this decade “does not have to” be a “lost” period for Latin America, despite the economic crisis it faces and the fact that it continues to be a of the regions with the greatest impact of the pandemic. The Cuban-American expressed himself this way at the “IV CEAPI Ibero-American Congress, Transformation and social impact: the best companies for the planet”, where he participated in Madrid together with the general secretaries of the Segib and the OECD, Rebeca Grynspan and Ángel Gurría , respectively. In the same debate, focused on analyzing the challenges and opportunities that the pandemic leaves in Latin America, the honorary president of the Alianza por Iberoamérica (CEAPI) Business Council, Enrique Iglesias, also participated.

  • The opportunities that Latin America has

In his first trip as IDB president, Claver-Carone acknowledged that the region faces the worst crisis “since 1821,” but “in every crisis there are opportunities and those opportunities are where you have to focus.” In this sense, he linked the economic recovery of the region to the rate of vaccination against covid-19 and recalled that his institution has already dedicated 1,000 million dollars for “distribution, acquisition and storage” of doses.

“Obviously it is not enough, we have seen the challenges, and today we are working with Covax to learn from the mistakes, we can act as a country to help distribution, the longer the vaccination lasts, the longer it will take” to get a recovery, he added.

He also pointed to the five great opportunities that the region has, in his opinion: integration, digitization, innovation in companies, gender equality and sustainable development.

The vaccination gap will mark the recovery of developing countries. The Ibero-American Secretary General, Rebeca Grynspan, declared that the “vaccination gap continues to be very important for developing countries” and recalled that the Covax mechanism for global access to vaccines “only guarantees 20% of vaccination in these countries. “, which” will not be enough to recover from the crisis. “

The Costa Rican considered that part of the problem lies in the financing and also in the pre-contracts that the pharmaceutical companies request from the countries to buy doses.

At the same time, he applauded initiatives by developed countries to give doses, such as the one that Spain did at the last Ibero-American Summit, when it announced the donation of 7.5 million vaccines.

Grynspan valued the future issuance of drawing rights by the International Monetary Fund, but asked that countries that do not require them can assign them for “investment programs and open fiscal space” for Latin Americans.

For his part, the Secretary General of the OECD, Ángel Gurría, insisted on multilateralism as the “only way to tackle problems” in the world and stressed that companies have to “participate and direct” the change processes proposed by the governments.

Madrid Spain
EFE Agency

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