Latin American Economic Outlook 2024

To finance their ambitious sustainable development agendas, Latin American and Caribbean countries need to broaden and diversify their sources of financing. This 17th edition of the Latin American Economic Outlook presents a set of public policy options to mobilize the necessary resources through coordinated action among the public sector, the private sector, and the region's international partners. The report argues that public resources must be raised and invested more efficiently, but acknowledges that even with these improvements, private financing will be indispensable, given that public revenues alone will not be sufficient to drive the structural transformations the region requires. It also highlights the need to deepen, make more accessible and inclusive, and improve the efficiency of financial systems, especially for the benefit of citizens and small and medium-sized enterprises. Companies need stronger capital markets to finance long-term investment projects. Among its recommendations, the report proposes leveraging innovative financial instruments, renewing the role of development finance institutions, strengthening international partnerships to mobilize external resources, and advancing a shared regional agenda that responds to the challenges of the global financial context.