Human Development

Jun 23, 2026 Ilan Goldfajn  and Eduardo Levy Yeyati

Economic stabilization has been a significant achievement for Latin America and the Caribbean, a region with a long history of financial crises. But these countries need a well-sequenced reform agenda to attract private investment and create the growth engine that will translate hard-won gains into higher living standards.

WASHINGTON, DC/BUENOS AIRES—In recent years, Latin America and the Caribbean (LAC) have shown that development increasingly rests on the twin pillars of resilience and growth. But while the region has shown a remarkable amount of the former, the latter has remained stubbornly slow.