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OECD Regional Programme for Latin America and the Caribbean

 

‌In today’s increasingly complex international environment, there is a growing awareness in Latin America and the Caribbean that better policies and structural reforms are needed to ensure higher rates of growth and sustain‌ economic and social development. In January 2016, OECD members decided to strengthen co-operation with the region through the creation of an OECD LAC Regional Programme, which was launched on 1 June 2016 at the OECD Ministerial Council Meeting in Paris, under the Chairmanship of Chilean President Michelle Bachelet (click here to read President Bachelet's remarks at the Programme launch event) and with remarks from President Ollanta Humala of Peru (read his remarks here!) and OECD Secretary General Angel Gurria (read his remarks here!).

 

The OECD LAC Regional Programme (EspañolFrançais, Português) aims to support the region in advancing its reform agenda along three key regional priorities: increasing productivity, advancing social inclusion, and strengthening institutions and governance. It offers a comprehensive approach that:

  • offers a high-level, strategic, whole-of-government policy dialogue
  • promotes further exchanges of best policy practices, and
  • helps to bring in the views, experiences and perspectives of LAC countries into the OECD’s work

 

The first regional meeting of the Programme took place on 13 October 2016 in Santiago, Chile at the headquarters of the United Nations' Economic Commission for Latin America and the Caribbean (ECLAC), bringing together representatives of 22 OECD and Latin America and the Caribbean countries as well as regional organisations, such as ECLAC, the Inter-American Development Bank (IDB), the Development Bank of Latin America (CAF) and the Ibero-American General Secretariat (SEGIB). During the meetings, OECD and LAC countries were consulted about their priorities regarding the reform processes in the three areas of work of the Programme, which will be the basis of work for the period 2016-2018. 

A meeting of the Steering Group of the Programme took place on 6 December 2016 in Santiago, Chile in order to discuss and approve substantive activities for 2017-2018. The meeting took place back-to-back with an International Conference/Ministerial Meeting on Productivity and Inclusive Growth in Latin America, which gathered ministers from Argentina, Peru, Costa Rica, the Dominican Republic, Ecuador, Panama, Paraguay and Chile, representatives of other LAC countries, experts from the OECD, IDB, ECLAC, CAF and the World Bank, and served as the launch for the first substantive output of the Programme: a joint OECD-IDB publication on Boosting Productivity and Inclusive Growth in Latin America.

 

 

 First Regional Meeting of the OECD LAC Regional Programme at UN ECLAC Headquarters in Santiago, Chile on 13 October 2016

The OECD Development Centre is an active driver of policy dialogue and policy advice in the LAC region. The Centre includes 10 members from Latin America: Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Panama, Peru, Mexico and Uruguay. The Development Centre annually organises one of the OECD's key events with the region, the International Economic Forum on Latin America and the Caribbean, in co-operation with the Inter-American Development Bank (IDB) and the French Ministry of Economy, Finance and Industry. The Centre also annually produces the Latin American Economic Outlook (LEO). This has been produced jointly with the United Nations Economic Commission for Latin America and the Caribbean (UN ECLAC) since 2011 and with the Latin American Development Bank (CAF) since 2014. The report provides a macroeconomic overview as well as in-depth study of a selected special theme.

 

2016 International Conference/Ministerial Meeting on Productivity and Inclusive Growth in Latin America:

 

Latest OECD LAC Regional Programme Publication:

This publication was developed by the OECD and the IDB, in collaboration with the OECD Global Forum on Productivity, to support the discussions of the OECD Latin America and the Caribbean Regional Programme’s Ministerial Meeting on Productivity and Inclusive Growth, held in Santiago, Chile, on 5-6 December 2016.
 
The OECD and IDB analysis included in this publication highlights that to reignite growth and keep the momentum of social progress, governments in Latin America must focus on boosting productivity through the empowerment of all workers with skills and technology and the unleashing of innovation and entrepreneurial dynamism. The publication portrays the situation of many Latin American countries, discusses best practices, and informs the debate on future trends in Latin America towards higher productivity and more inclusive growth.