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CAF-ECLAC Conference: The challenge of scaling up and improving productive development policies in Latin America and the Caribbean

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CAF Development Bank of Latin America and the Caribbean and the Economic Commission for Latin America and the Caribbean ECLAC invite you to their annual conference "The challenge of scaling up and improving productive development policies in Latin America and the Caribbean".



Latin America and the Caribbean will close the decade of 2014-2023 with an annual growth rate that is estimated to be 0.8%, wich equivalent to less than half of what the region achieved in the 1980s, better known as the lost decade.
If this pattern of low growth is not overcome, the region will not be able to successfully confront the challenges related to the reduction of poverty and inequality, the improvement of education and health, and climate change, problems that can put the functioning of the democracies at risk.

To address this challenge, productive development policies of greater scale and effectiveness than those that have been promoted until now are required. Among other characteristics, these efforts must include strategic bets on driving or energizing sectors.The articulation of these efforts between the actors involved must be improved, giving them greater continuity and deepening their decentralization to give greater space and prominence to the territories and actors at the subnational level.

These are some of the multiple existing fronts to scale and improve productive development policies in the region:
Address the challenges of implementing these policies, including improving public-private and nation-territory articulation, in addition to identifying opportunities to take advantage of the industrial policies of other countries.
Develop financing strategies for productive transformation that include, among others, the strengthening of national development banks and an active role of regional and multilateral development banks, to guarantee timely and strategically oriented resources to finance innovation, projects, actions and, in general, the investment that respond to the priorities of the different countries and territories under their productive development policies.
Develop productive agendas from the territories, articulating national and subnational productive development efforts, supported by governance schemes that allow multi-actor, multi-sectoral and multi-level articulation.
Strengthen the capabilities of countries and their territories, particularly to close human talent gaps, so that they have the profiles and competencies necessary for their productive transformation agendas.
The objective of the conference is, therefore, to generate a space for reflection in which these four fronts are delved into in depth to advance the design and implementation of a regional agenda of productive development policies that guides national and subnational governments, academia, private actors and other civil society actors in the region in the generation of joint actions for sustainable and inclusive productive development.