(Radio France Internationale). This week it is celebrated in Paris He International Economic Forum of Latin America and the Caribbeanwhere the question is discussed: how to finance sustainable development policies in Latin America?

investment needs in the region are gigantic, the data is close to twenty% gross domestic product, half of investment in Asian economies. This is how he explained it Sebastian NietoHead of the Latin America and Caribbean Division of the Development Center OECD For RFI: “All the efforts we want to put into Chile With lithium. That it is not only exploitative, but that it helps create formal employment and productive transformation.”

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Moreover, Nieto admits that the challenges are great, but highlights positive scenarios for green and just transition.

“Let’s not forget. 60% of the world’s diversity is in Latin America. We have 1/3 of renewable energy coming from Latin America, while in developed countries we are talking about less than 15% of renewable energy,” said the head of Latin America and Caribbean Development Center OECD.

For Felix FernandezDirector for Latin America and the Caribbean European Commissionthe most important dialogue must be with the private sector.

“There is a financial part and there is an investment part, and we think that in order to finance public policy goals in Europe we have to push companies, we have to push investment, so we need to look,” Fernandez said.

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To this end, the forum emphasized the importance of asking questions to move forward and achieve progress in development and investment. As Feliz Fernandez explains when asking “What do companies want to do and what are their governments’ priorities?” It is critical to identify funding mechanisms that can help promote private projects that will ultimately have a positive impact on countries in the region.

In addition, at the International Economic Forum of Latin America and the Caribbean, those present put forward for discussion one of the most important aspects of today: digitalization within industrialization. A balance that is not easy and must be based on synergy aimed at national development.

Work and coordination, which, in addition to national development plans, also touches on financial issues, since in a region close to 22% belonging GDPaccording to UCD, while developed countries are achieving recruitment 3.4%.