ABD’s work is organized in 10 thematic working groups divided into five strategic themes that address the key issues for the economic and social development of the Americas. The Working groups analyze the challenges and opportunities at both the national and regional level and formulate public policy recommendations to promote the strengthening of the private sector, job creation and development in the region.
When corruption proliferates, it erodes the efficient allocation of public spending, encourages tax evasion, generates additional costs in financing and transactions, discourages productive investment, and negatively impacts competitiveness and economic growth.
The ABD is committed to supporting governments and the private sector in promoting transparency and integrity, as well as supporting enhanced regulatory coherence to strengthen anti-corruption efforts and help spur economic growth in the region.
These recommendations not only work to curtail corruption, but also support a regulatory environment that protects both businesses and consumers, while encouraging growth.
Latin America and the Caribbean (LAC) is one of the fastest growing regions in the world in terms of Internet adoption (particularly via mobile broadband) in the last five years. In 2000, fewer than 5% of LAC’s population used the Internet. By 2015, half the region was online. This presents tremendous opportunities for social and financial inclusion, digital services, and trade and economic growth in new and innovative ways.
Digital economy and e-commerce also present valuable opportunities to micro, small and medium enterprises (MSMEs) in the region, opening new and different markets to these businesses and in turn, growth opportunities. The objective of these recommendations is to is to increase regional competitiveness through digitization and to strengthen the region’s financial markets while fostering transparency.
Improvements to trade efficiency and infrastructure (physical and digital) represent economic growth opportunities for larger businesses and MSMEs alike. Each 1% reduction to the costs of global trade translates into an increase in global income of up to US$40 billion.
ABD’s goal is to support infrastructure efficiency, modernization, growth and integration, as well as increase both trade and transparent trade practices in the region. Together, these two goals share the common objective of facilitating economic prosperity in LAC.
LAC’s rich natural resource base (including renewables like wind, water and solar energy, as well as non-renewables like mineral and petroleum) offer great potential to meet global energy, food security, and extractive industry needs in a sustainable fashion. Not only are there opportunities to take the lead in solving these global issues, there are also significant economic gains to be had.
ABD seeks to propose methods for responsibly and transparently harnessing regional resources; resources that range from arable land, to minerals, to renewable resources, while promoting integration and sustainable growth. Harnessing these resources will help the region increase its security, resiliency, competitiveness and economic growth in the years to come.
LAC invests approximately 0.7% of its gross domestic product (GDP) in research and development (R&D), while the world averages approximately 1.7% and North America and Western Europe lead R&D investment at 2.4% of GDP.
However, to sustain innovation in LAC over time, the region needs a qualified workforce that is trained with the appropriate skills for the jobs of the future. The ABD seeks to promote innovation as a long-term strategy, as well as policies that support workforce development focused on the skill sets necessary in the job market.