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  HOME | Latin America (Click here for more)

Grynspan: Latin America Doing Better despite Difficulties

MEDELLIN, Colombia – Ibero-American Secretary General Rebeca Grynspan told EFE that most countries in Latin America “are in positive territory” despite the difficulties the region is going through due to the global economic downturn.

Grynspan said, after her participation in the World Economic Forum, or WEF, in Latin America, that she sees the business sector “less pessimistic” about Latin American countries than it was.

In her opinion, the negative growth in the region is due to “the significant amount Brazil and Venezuela affect the regional average,” but noted that most countries have a growth of 2 to 3 percent.

Grynspan said that as soon as “the political uncertainty diminishes, Brazil’s economy will make a comeback. Venezuela’s case is “more difficult,” however, because the macroeconomic situation and the food and medicine shortages are causing “a lot of suffering” and must be fixed.

About the 25th Ibero-American Summit of Heads of State and Government next Oct. 28-29 in Cartagena, Colombia, she said preparations are going well thanks to “successful” ministerial meetings with the participation of Colombian President Juan Manuel Santos.

She added that “what is happening in Colombia has an incalculable value for Latin America and Ibero-America,” since when the pact with the FARC is signed, this will be the world’s “only” macroregion totally at peace without a single armed conflict.

 

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