BOGOTÁ As one of the world’s most unequal regions, Latin America is desperately in need of additional revenues if it is to solve its knotty economic, social and environmental problems. But tax collection in Latin American and Caribbean (LAC) countries is low, averaging 21.7 per cent of GDP in 2021, compared with 34.1 per cent for Organisation for Economic Co-operation and
NEW YORK In any other year but this one, economic growth in Latin America would give the region’s governments reason to boast. The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) estimates that GDP growth in 2021 will be around 6 per cent, while the International Monetary Fund forecasts 6.3 per cent growth. Unfortunately, even the more
NEW YORK In any other year but this one, economic growth in Latin America would give the region’s governments reason to boast. The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) estimates that GDP growth in 2021 will be around 6 per cent, while the International Monetary Fund forecasts 6.3 per cent growth. Unfortunately, even the more