The president of CEOE, Antonio Garamendi, participated in the closing of the Conference of the Development Bank of Latin America (CAF) on European-American Relations in the new global context, held in Madrid, in which he stressed that the region remains a priority for Spanish companies. In addition, he stressed that although in the last decade the growth of the area has been around 3%, this growth has not been homogeneous among countries nor does it suppose a sufficient guarantee of qualitative development for the region, which requires more structural reforms for achieve higher productivity rates.

The president of CEOE also pointed out the main challenges that Latin America must face in the coming years, among which he highlighted the political and institutional problems that the region has been suffering, and more specifically the doubts about the economic policy in some countries, the financial challenges of Brazil and Argentina or the situation in Venezuela.

Antonio Garamendi stated that Digital transformation is an inexorable process that will improve competitiveness, growth, innovation and employment, but it requires a bet on education, innovation and entrepreneurship, while underlining the importance of making a responsible digital society approach to ensure sustainability.

The conference, which focused on the financing of strategic investments for sustainable development and the digital inclusion of people and societies, was attended by the Ibero-American general secretary, Rebeca Grynspan, and the CAF executive president, Luis Carranza .

The CAF Conference on European-Latin American Relations is an annual meeting that brings together prominent opinion leaders from different sectors to address the main common challenges faced by both regions.



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