IDB publishes two new reports; advises that Latin America and the Caribbean move towards a more integrated regional trade area

The IDB has published two documents:

  1. Sustainability Report for 2016 which highlights the strategic priorities of the IDB and the progress which has been achieved

Link to document included: https://publications.iadb.org/bitstream/handle/11319/8173/Inter-American-Development-Bank-Sustainability-Report-2016.PDF?sequence=1

Link to press release included: http://www.iadb.org/en/news/news-releases/2017-04-01/idb-publishes-2016-sustainability-report,11757.html

 

2.       IDB 2017 Macroeconomic Report: Routes to Growth in a New Trade World. This report explores the fiscal position and trends in LAC as well as the case for regional integration. The report encourages LAC to pursue a simple route to integration, claiming that previous attempts were too complex and ambitious.

The IDB estimates that a Free Trade Area in LAC would create a $5T single market amounting to 7% of the world’s GDP. The IDB claims that Mexico and Brazil have the “Gravitational Pull” to kick start this initiative.

Link to report included: https://publications.iadb.org/bitstream/handle/11319/8203/2017-Latin-American-and-Caribbean-Macroeconomic-Report-Routes-to-Growth-in-a-New-Trade-World.pdf?sequence=9

Link to Press Release included: http://www.iadb.org/en/news/news-releases/2017-04-02/idb-report-urges-trade-integration,11763.html

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