The St Kitts Nevis Observer
SANTIAGO, April 29 (Xinhua) Latin America’s post-pandemic economic recovery requires structural reforms to achieve sustainable development, the Santiago, Chile-based United Nations Economic Commission for Latin America and the Caribbean (ECLAC) said on Thursday.
The Latin American and Caribbean region has been hit the hardest by the novel coronavirus disease, and the most damaged in economic and social terms, ECLAC officials said in the latest edition of the United Nations agency’s Spanish-language online magazine, Revista CEPAL.
“This is due to long-standing structural factors that have foreshadowed its dysfunctional style of development. Therefore, economic recovery will have to undergo, at the same time, significant productive, fiscal and institutional structural reforms, to advance in the configuration of a new style of inclusive and sustainable development,” according to the authors.