Displaying items by tag: Latin America

Remittances to El Salvador, mainly from the United States, have the greatest amount of remittances in the national economy compared to all of Latin America, revealed the study "Reviews on Migration and Development" presented by the World Bank.

1. Medical rates and claims trends are on the rise

The economies of Latin America and the Caribbean (LAC) are on the road to recovery following the COVID-19 crisis, although the aftermath of the pandemic persists and the need for dynamic, inclusive and sustainable growth is increasingly urgent, according to a new World Bank report, Consolidating Recovery: Seizing Opportunities for Green Growth.

The pandemic has been devastating for students in Latin America and the Caribbean, where schools have been closed for 231 days on average, more than any other region in the world.

The economic growth recorded in 2021 was insufficient to recover the labor market in Latin America and the Caribbean, which two years after the onset of the crisis is experiencing high unemployment and the prospect of an increase in informality.

In its annual report Preliminary Overview of the Economies 2021, the Economic Commission for Latin America and the Caribbean (ECLAC), highlights that 2022 will be a year of great challenges for growth, employment generation and facing the social costs of the pandemic.

The Economic Commission for Latin America and the Caribbean (ECLAC) presented a series of calculations on how the countries that make up the region will close 2021, measured by Gross Domestic Product (GDP).

The Inter-American Development Bank (IDB) and its private sector arm, IDB Invest, expect to close 2021 with $19.5 billion in new financing for Latin America and the Caribbean, having helped countries recover from the pandemic and usher in an era of sustainable and inclusive growth.

The pandemic accelerated the migration of digital sales through the internet, but with social networks, this scenario will continue and strengthen in 2022.

The pandemic has become a determining factor for the significant increase in cyber-attacks, many of which could have been avoided by implementing adequate cybersecurity measures.