Please note the time changed: the seminar will start at 12 noon.
Economists from IDB, Barclays Capital and the Peterson Institute will examine region’s prospects for growth and need for structural reforms
The Inter-American Development Bank (IDB) is holding a policy seminar on April 9th from 12:00 to 1:30 p.m. to present the Bank’s 2013 Latin American and Caribbean Macroeconomic Report, Rethinking Reforms: How Latin America and the Caribbean Can Escape Suppressed World Growth.
The report notes that the region, which so far has sidestepped the world economic slowdown thanks to favorable terms of trade and counter-cyclical policies, is likely to grow just 3.9 percent annually over the next five years, nearly one percentage point lower than the 4.8 percent registered before the Great Recession began in 2008.
The region’s fiscal and monetary policy space has shrunk, making it necessary to find other ways to boost growth. The IDB’s economists argue that if most countries in the region pursue reforms in the areas of education and labor laws and boost infrastructure investment, growth in the region could rise to more than 6 percent.
IDB Chief Economist Jose Juan Ruiz and Andrew Powell, the IDB’s Principal Advisor in the research department, will present the report, to be discussed by Michael Gavin of Barclays Capital, and Angel Ubide, of the Peterson Institute for International Economics.
The seminar will have simultaneous translation, and it will be broadcast live in Spanish and English via Livestream.
Media who wish to attend should register ahead of time by contacting Mildred Rivera at mildredr@iadb.org.
WHAT: Seminar on the IDB’s 2013 Latin American and Caribbean Macroeconomic Report
WHEN: Tuesday, April 9 12:00 – 1:30 p.m.
WHERE: Inter-American Development Bank, 1300 New York Ave. NW, Andres Bello Conference Room III, 9th Floor, Washington D.C. 20577