Beyond the Global Financial Crisis: The Future of the U.S.-Latin American Economic Partnership
From April 14 to 15, President Obama will join 34 heads of state and government in Cartagena, Colombia for the Sixth Summit of the Americas. The leaders will address this year’s theme, “Connecting the Americas: Partners for Prosperity,” which focuses on the role of physical integration and regional cooperation, as well as other key areas including poverty and inequality, citizen security, disasters and access to technology.
On April 5, in advance of the President Obama’s trip to the Summit, the Latin America Initiative at Brookings hosted Leonardo Martínez-Díaz, deputy assistant secretary for the Western Hemisphere at the U.S. Department of the Treasury, for an overview of key economic trends in Latin America and the Caribbean and an outline of the administration’s economic policy priorities in the region. Following his opening remarks, Mauricio Mesquita Moreira, principal economist at the Inter-American Development Bank, joined the discussion. Brookings Senior Fellow Daniel Kaufmann will moderate the discussion.
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"You have to play the long game. It’s fine to add money, but when the commitment is volatile and your funding goes up and down constantly, you can end up creating more harm than good."
"We have been in Central America for a long time. It’s not just money that has made us effective in the region — there is a lot of hard-earned experience, trial and error, and institution building that is slowly reaping results. The worst thing that could happen now is to go back to zero."