Partners in this report are the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), the Development Bank of Latin America and the Caribbean (CAF), the European Commission and the Development Centre of the Organisation for Economic Co-operation and Development (OECD). This report is supported by the Directorate General for International Partnerships of the European Commission (INTPA).
The OECD Development Centre’s contribution to this report was led and managed by Sebastián Nieto Parra, Head of the Regional Development Dynamics Division, with the collaboration of Juan Vázquez Zamora and co-ordinated by Olivia Cuq, Policy Analyst, under the guidance of Ragnheiður Elín Árnadóttir, Director of the OECD Development Centre, and Federico Bonaglia, Deputy Director. ECLAC’s contribution was led by Marco Llinás, Director of the Production, Productivity and Management Division and Sebastián Rovira, Chief of the Digital Transformation Unit, under the guidance of José Manuel Salazar Xirinachs, Executive Secretary of ECLAC. The contribution from CAF was led by Veronica Frisancho Robles, Chief Economist; Ignacio Corlazzoli, Responsible for Resource Mobilisation and Global Partnerships Management; and Jessica Roldán Peña, Director of Macroeconomic Studies, under the guidance of Sergio Díaz Granados, Executive President of CAF. The European Commission’s contribution was led by the Directorate-General for International Partnerships (INTPA), with the support of Horst Pilger, Emma Clua Vandellòs, and Marc Vothknecht, under the guidance of Diana Montero Melis, Deputy Head of Unit, and Felice Zaccheo, Head of Unit for Regional Programmes for Latin America and the Caribbean, as well as Felix Fernández-Shaw, Director for Latin America and the Caribbean and Relations with all Overseas Countries and Territories. Additional support was provided by Laurent Sillano, Adviser to the Director, and thematic experts from Directorate INTPA B, as well as Maria Maierean from the Directorate-General for Economic and Financial Affairs (ECFIN) and Marie-France Rodier from the Commission’s Secretariat-General (SG). The European External Action Service’s contribution was provided by Rodolfo Lazarich Gener from the Americas Division (EEAS).
The report benefited from the fruitful collaboration among many authors who contributed to the research and the drafting of this report, including: Carl Bernadac, Marie-Pierre Bourzai and María José Zambrano (AFD), Jimena Durán, Verónica Frisancho, Oswaldo López, Nicole Perelmuter, Jessica Roldán Peña and Manuel Toledo (CAF), Felipe Correa, Carlos De Miguel, Marco Dini, Nicolo Gligo, Ana Paola Gómez, Marco Llinás, Sebastián Herreros, Santiago Lorenzo, Carlos Maldonado, Xavier Mancero, Esteban Pérez, Noel Pérez, Ramón Pineda, Maria Cecilia Plottier, Edwin Ramírez, Claudia Robles, Sebastian Rovira, Daniel Titelman, Daniela Trucco, Andrés Valenciano, Helvia Velloso and Francisco Villarreal (ECLAC), Rodolfo Lazarich Gener (EEAS), Laurent Sillano, Marc Vothknecht and Emma Clua Vandellòs (INTPA), Adriana Caicedo, Luis Cecchi, Olivia Cuq, Rita Da Costa, Maya Duque, Evely Geroulakos, Laura Gutiérrez, Chiara Kahler, Paul Lanusse, Martina Lejtreger, Thomas Manfredi, Mariana Navarro, Sebastián Nieto Parra, René Orozco, Michał Oskroba, Vicente Ruiz and Juan Vázquez Zamora (OECD). Julia Peppino and Blanca Ramírez (OECD) provided invaluable administrative support throughout the elaboration of the report.
A group of OECD experts and colleagues has been notably active and supportive during the production process, providing views, input and comments. We would like to highlight the support of Bert Brys, Aida Caldera, Ivana Capozza, Serdar Çelik, Luis Diaz, Antoine Dechezlepretre, Luisa Dressler, Jason Gagnon, Paula Garda, Clara Gascon, Alberto Gonzalez, Michael Koelle, Guy Lalanne, Jens Lundsgaard, Alejandra Medina, Sarah Miet, Letizia Montinari, Daniel Nachtigall, Pierce O’Reilly, Rodrigo Pizarro, Claudia Ramirez, Adelaida Rojas, Nunzia Saporito, Joseph Stead, and Juan Viquez.
The content of the report was enriched by constructive feedback received during an informal consultation meeting with the LAC countries and Members of the OECD Development Centre Governing Board on 10 March 2025, a virtual Experts’ Meeting on 6-7 May 2025 and a private sector consultation meeting that took place on 18 September 2025. In addition to the LAC delegates to the Governing Board of the OECD Development Centre, we are notably grateful to the experts, academics, private sector representatives and other public servants who joined us during these consultations and additional informal meetings: Aimée Aguilar Jaber (Hot or Cool Institute), Carl Bernadac (AFD), Natalia Cardenas (Société Générale), Andrea Costafreda (Government of Catalonia), Ariel Emirian (Société Générale), Almudena Fernandez (UNDP), Juan Carlos Hallak (Universidad de Buenos Aires), Leo Harari (Political Analyst), Fuad Hasanov (IMF), Alejandro Lavopa (UNIDO), Mariano Machado (Verisk-Maplecroft), William Maloney (World Bank), Nicolás Mayorga (Nuam), Luis Fernando Medina (Permanent Representative of Colombia to the OECD), Natalia Moreno Rigollot (Telefónica), Gerardo Moscatelli (Med Commodities), Hugo Ñopo (World Bank), José Antonio Ocampo (Columbia University), Laura Oroz (AECID), Javier Pérez (Banco de España), Érika Rodríguez Pinzón (Fundación Carolina), Silvana Ravía Cuello (Ministry of Industry, Energy and Mining of Uruguay), Juan Ruiz (BBVA), María Teresa Ruiz-Tagle (CLG), Luz Angela Serrano (OAS), Paola Subacchi (Sciences Po), David Tuesta (Private Council for Competitiveness of Peru), Mario Valencia (DNP Colombia) and Ana Valero (Telefónica).
The country notes benefited from constructive input, scrutiny and verification by delegations to the OECD from Chile, Colombia, Costa Rica and Mexico, as well as the embassies in France of Argentina, Brazil, the Dominican Republic, Ecuador, El Salvador, Guatemala, Panama, Paraguay, Peru and Uruguay and the embassy in Ireland of Barbados. OECD delegations and embassies also co-ordinated the relevant inputs from different national ministries and governmental areas. The OECD Development Centre expresses its sincere gratitude to the Agence française de développement (AFD), the Departamento Nacional de Planeación (DNP) of Colombia, the European Union, the Spanish Ministry of Foreign Affairs and Telefónica for their support to the Latin American Economic Outlook report.
Finally, many thanks go to the Publications and Communications Division of the OECD Development Centre, notably Delphine Grandrieux, Elizabeth Nash and Henri-Bernard Solignac-Lecomte, for their steadfast patience and expedient work on the production of this report and associated materials. The authors also sincerely appreciate the editing and proofreading activities undertaken by Mary Bortin and Jill Gaston; the translation into Spanish by Gilda Moreno Manzur; and the Spanish editing and proofreading services by Liliana Tafur.