"During these challenging times, the role of institutions like @the_IDB and of leaders like @MorenoBID committed to the hemisphere's prosperity are essential." - @ACLatAm founder @adriennearsht opens today's conversation with President Luis Alberto Moreno #ACFrontPage
"What you find in Latin America is the number of #COVID19 cases are still growing,” said @the_IDB President @MorenoBID. "Equally, we have found a combination of pre-existing economic and political conditions." #ACFrontPage
“The #COVID19 pandemic is like a forest fire,” said @the_IDB President @MorenoBID. "It comes and goes, and these ups and downs are severely hurting our growth." #ACFrontPage
“We're going to start to see the effects of the pandemic in the years ahead, and we'll start to see the social impact,” said @the_IDB President @MorenoBID, highlighting the critical problem of accessing education across the digital divide. #ACFrontPage
“On the one hand, we're seeing a drop in investment in education, and a drop in enrollment,” said @the_IDB President @MorenoBID. "We can safely say that we will be in some form of confinement into next year, and we must begin to address the collateral damage." #ACFrontPage
“We're going to have to be creative in doing various types of skills programs to address skills gaps, which we have seen give people a much higher chance of employment in our past programs,” said @the_IDB President @MorenoBID. #ACFrontPage
“To me, the most important issue to the #COVID19 recovery will be the debt issue,” said @the_IDB President @MorenoBID. "The debt, which was roughly 40% of GDP at the beginning of last year, could be as high as 75% by the end of this year, creating a debt overhang." #ACFrontPage
“#COVID19 was not the result of fiscal mismanagement,” said @the_IDB President @MorenoBID, emphasizing the need to address a potential debt crisis sooner rather than later. #ACFrontPage
“In education, we've talked about the need to have a backbone of digital systems so we can make the most of education outcomes without losing the benefits of the classroom experience,” said @the_IDB President @MorenoBID. #ACFrontPage
“Many companies are looking to change their supply chains in light of #COVID19,” said @the_IDB President @MorenoBID. "This crisis is an opportunity to think about how we can bring supply chains to the Americas." #ACFrontPage
“A shock that has been knocking on our door for a long time is climate change,” said @MorenoBID. "We have to get serious about climate change. Latin America has 40% of the biodiversity of the world, and it's critical to push for science-based solutions." #ACFrontPage
“Even though #COVID19 affects all of us, it affects all of us differently,” said @the_IDB President @MorenoBID. "The poorest among us have faced the worst effects of the pandemic." #ACFrontPage
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"Our intention [with this new report] is to provide some ideas on how to sustain reactivation of Central America in a #COVID19 world," said Former Costa Rican President and @ACLatAm advisory council member @Laura_Ch. #ACCentralAmerica
Economic slowdown, informality, low coverage/quality of education, high poverty, high levels of violence, migration flows, dysfunctional states and disenchantment with democracy have created a "volatile combination of challenges." -Fmr Costa Rican Pres @Laura_Ch#ACCentralAmerica
“Venezuela's democratic leaders continue to work against political persecution to restore democracy in Venezuela.” @AtlanticCouncil President and CEO @FredKempe opens today's conversation with @jguaido, @JulioBorges, and policymakers from the US, Europe, and beyond. #LACatUNGA
“This is a critical moment for Venezuela. We are experiencing a serious emergency because of the pandemic, aggravated by persecution and crimes against humanity committed by the #Maduro regime,” said Venezuelan Interim President @jguaido. #LACatUNGA
"When we look at this region, there is so much promise and so much potential. What we all share is a democratic neighborhood," said @Southcom Commander Admiral Craig Faller. "All that is under assault." #ACVenezuela
“We made a massive effort, which shows our full commitment to a consensual deal,” said Argentine Minister of @Economia_Ar@Martin_M_Guzman on recent debt negotiations. "Initially, there was a positive reception to the offer we made." @ACGlobalEcon@ARGinUSA#ACArgentina
“There were a number of aspects within the negotiations, including economic and legal aspects,” said @Martin_M_Guzman. "Economically, there has been a massive effort on Argentina's side. We don't want to promise something we can't fulfill." @ACGlobalEcon@ARGinUSA#ACArgentina
“What led us to this debt negotiation is the lack of a comprehensive macroeconomic program that will put in place reforms that will promote sustainable, permanent, and consistent growth,” said @martinredrado, former president of @BancoCentral_AR. #ACArgentina
In negotiating the debt restructure before establishing a macroeconomic program, the Argentine government "put the cart before the horse," leading to a debt sustainability analysis that shifted due to #COVID19. -@martinredrado, former president of @BancoCentral_AR#ACArgentina
“First and foremost, the purpose of this visit was to underline and celebrate the entry into force of #USMCA, which starts a new age of the relationship of the North American region and the US-Mexico relationship,” said Mexico’s Ambassador to the US @Martha_Barcena. #ACMexico