ECLAC warns that Latin America has the lowest investment rate in three decades

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“In Latin America we have the lowest investment rate over GDP in three decades,” Bárcena said at a press conference. In addition, he said that the investment rate in Latin America is 17.6%, while the world average is 26.3. He considered that it is necessary to increase investment by at least 9 percentage points, especially in the areas of health, equity, labor inclusion, citizen participation and environmental sustainability. He argued that the COVID-19 pandemic demonstrated that the role The State has been “essential” and considered it should play the same role during the recovery. Setback in labor matters In addition, ECLAC reported that the COVID-19 pandemic generated a setback of more than a decade in women’s labor participation. ” The pandemic particularly affected gender inequality, impacted on the working conditions of women, generating a setback of more than a decade in terms of labor participation, “said Bárcena during the XVIII Meeting of the Regional Planning Council. In addition, she indicated that the gender perspective is crucial to mainstream equality in all areas of public management. “Women cannot be the ones who continue to carry out the economy of child and elderly care. We need to move towards a society of care, “he added. In general terms, the COVID-19 pandemic showed the” unacceptable inequalities “in the region, he said. He recalled that with the pandemic, poverty increased from 30.5% in 2019 to 33.7% in 2020.

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