[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111284-en":3,"doc-seo-111284-105":29,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},111284,3848291630094,"Emma Wilson","https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45",8,"Research & Report","Statement by H.E. Luis Caputo - 113th Meeting - Development Committee Action for job creation","Statement by H.E. Luis Caputo, Minister of Economy of Argentina, on behalf of Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay, delivered at the 113th Development Committee meeting in Washington, DC on April 16, 2026. It assesses regional challenges including weak growth, low productivity, high inequality, limited fiscal space, and labor-market informality, while noting global risks from geopolitical tensions and inflation. The statement calls for reforms to build an enabling environment for more and better-paid jobs, supported by policy certainty, strong institutions, private investment, and coordinated World Bank Group engagement including jobs-focused tools and energy as a key enabler.","Public Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committee of the  \nBoards of Governors ofthe Bank and the Fundon the  \nTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND THIRTEENTH MEETING WASHINGTON, DC – APRIL 16, 2026  \nPub lic Disc losure Authorized  \nDC/S/2026-0015 April 16, 2026  \nStatement by  \nH.E. Luis Caputo  \nMinister of Economy  \nArgentina  \nOn behalf of Argentina, Bolivia, Chile, Paraguay, Peru, and Uruguay  \nStatement by  \nH.E. Luis Caputo  \nMinister of Economy  \nArgentina  \nOn behalf of Argentina, Bolivia, Chile, Paraguay, Peru, and Uruguay  \n113th Meeting of the Development Committee  \nApril 16, 2026  \nWashington, DC  \nThroughout the world, developing countries are navigating a complex environment. While the global economy has once again shown resilience, heightened and persistent geopolitical tensions raise concerns about new inflationary pressures that could spread and exacerbate underlying macroeconomic vulnerabilities. These dynamics are compounded by greater policy uncertainty and a more fragmented economy, increasingly reflected in trade disruptions and supply-chain fragmentation. Against this backdrop, Latin America is attracting significant interest on the global stage due to its abundant natural resources and its peaceful societies and relations between states. However, our region faces a particularly challenging combination of weak growth, low productivity growth, high inequality, and limited fiscal space, reflecting underlying structural challenges, which may be further exacerbated by a range of current and emerging vulnerabilities, reaffirming the urgent need for reforms that foster development, sustainable growth and resilience by promoting innovation and facilitating investment.  \nGrowth in the region has slowed sharply, averaging about 1.4% per year during 2019-2023, far below other periods, while structural constraints such as persistently low labor productivity and a large informal economy continue to hold back living‑standards gains. These weaknesses are reflected in social outcomes: the World Bank’s October 2025 regional economic review projected monetary poverty at 25.2% of the population in 2025 and expected inequality to remain high by global standards, with a projected Gini of 49.1.  \nLabor‑market informality remains a defining structural feature. According to the ILO, informality in Latin America and the Caribbean (LAC) stood at 46.7% in the first half of 2025, affecting nearly one in two workers. Despite these headwinds the region is uniquely positioned to contribute constructively to global stability and development, with abundant natural resources, a growing human capital base, and expanding technological dynamism, offering a strong foundation for sustainable growth, development and poverty reduction, provided they are supported by the right policy mix and investment conditions. In this regard, we underscore the importance of a strong enabling environment, including macroeconomic stability, openness, regulatory predictability, a well-functioning financial market, and the central role of private initiative in driving sustainable growth, alongside urgent efforts to enhance credibility and strengthen incentives for investment, while also emphasizing the value of regional integration and rules‑based cooperation.  \nLatin America’s development path calls for decisive and sustained domestic policies to underpin vibrant economies through private-sector-led growth. Active engagement of the World Bank Group (WBG) is needed to accompany these efforts through policy advisory and technical assistance, long term financing, and private capital mobilization, leveraging coordinated IBRD‑IFC‑MIGA support to help strengthen the enabling environment, unlock investment, foster local capital markets and deliver tangible development impact. Against this backdrop, we welcome the Development Committee Document’s focus on creating the “enabling environment for more ","cbCaikIOCAl0yjLX","https://ap.wps.com/l/cbCaikIOCAl0yjLX","pdf",149637,1,5,"English","en",105,"# Overview of global and regional challenges\n## Economic vulnerabilities and policy uncertainty\n## Growth slowdown, poverty and inequality\n# Jobs agenda and enabling environment\n## Policy certainty, institutions and private investment\n## Operational tools for tracking progress\n# Reform priorities and World Bank Group support\n## Business climate, markets and financing\n## One-WBG approach to mobilize private capital\n# Energy as a foundational enabler","[{\"question\":\"What major risks to developing countries are highlighted in the statement?\",\"answer\":\"It points to heightened and persistent geopolitical tensions that may trigger new inflationary pressures and worsen existing macroeconomic vulnerabilities. It also emphasizes greater policy uncertainty and a more fragmented economy, including trade disruptions and supply-chain fragmentation.\"},{\"question\":\"Which regional structural issues are cited as slowing Latin America’s progress?\",\"answer\":\"The statement cites weak growth and low productivity growth, along with high inequality and limited fiscal space. It also emphasizes labor-market informality as a defining structural feature affecting a large share of workers.\"},{\"question\":\"What enabling environment does the statement call for to support job creation?\",\"answer\":\"It calls for macroeconomic stability, policy certainty, sound institutions, openness, regulatory predictability, and a well-functioning financial market. It also stresses private investment and entrepreneurship as drivers of sustainable, higher-quality jobs.\"}]",1784489451,13,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":27},"statement-by-he-luis-caputo-113th-meeting-development-committee-action-for-job-creation","",{"@graph":35,"@context":85},[36,53,68],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/statement-by-he-luis-caputo-113th-meeting-development-committee-action-for-job-creation/111284/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-20","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What major risks to developing countries are highlighted in the statement?","Question",{"text":75,"@type":76},"It points to heightened and persistent geopolitical tensions that may trigger new inflationary pressures and worsen existing macroeconomic vulnerabilities. It also emphasizes greater policy uncertainty and a more fragmented economy, including trade disruptions and supply-chain fragmentation.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"Which regional structural issues are cited as slowing Latin America’s progress?",{"text":80,"@type":76},"The statement cites weak growth and low productivity growth, along with high inequality and limited fiscal space. It also emphasizes labor-market informality as a defining structural feature affecting a large share of workers.",{"name":82,"@type":73,"acceptedAnswer":83},"What enabling environment does the statement call for to support job creation?",{"text":84,"@type":76},"It calls for macroeconomic stability, policy certainty, sound institutions, openness, regulatory predictability, and a well-functioning financial market. 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