Supporting Trade, Integration, and Regional Cooperation in Latin America and the Caribbean
English (1208 downloads)
Regional and global integration, trade, and regional cooperation are mechanisms that facilitate economic growth and social and sustainable development in the Latin America and the Caribbean (LATAM) region. The Inter-American Development Bank (IDB) has supported integration since its inception. As a result, in 2015 the Bank achieved the important financialmilestone as mandated by the Ninth General Capital Increase of the Bank (GCI-9) of investing 15 percent of its loans in integration projects. However, more creative and dynamic solutions are required to continue fostering the global and regional integration of LATAM countries. The Update to the Institutional Strategy 2016-2019 (UIS) approved by the Bank's Governors in March 2015, recognizes this and identifies the lack of regional economic integration as one of the three main development challenges of the region.