Violence costs 3.5% of GDP in Latin America, says IDB

by times news cr

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He crime and violence cost to Latin America and the Caribbean 3.5% of its Gross Domestic Product (GDP), he said yesterday in Ecuador the president of the Inter-American Development Bank (IDB), Ilan Goldfajn.

Both problems “increase the cost of doing business, weaken the rule of law and they cost us 3.5% of the GDP annual regional,” the official said in Guayaquilin a Security Summit which was inaugurated with the participation of delegations from a dozen Latin American countries and international organizations.

“They are an obstacle to development and growth,” he added. Goldfajn, pointing out that crime is currently “more organized, more sophisticated, more interconnected and does not respect borders.”

He said the region’s goal should be to “cut off oxygen to organized crime.”
“We can do it” limiting the influence of crime among the most vulnerable populations, strengthening state institutions and cutting off financial flow, he said.

Faced with the “globalization” of crime, it is “important that we work together,” said the Ecuadorian president. Daniel Noboa, who, in the face of an onslaught by drug traffickers, declared his nation in internal armed conflict in January and mobilized the military to take to the streets to neutralize around twenty gangs with ties to Mexican cartels.

“Defeating terrorism and its criminal networks is an urgent mission that requires international cooperation and the help of all organizations.”mos multilateral”, the president emphasized.

The Minister of Interior of Ecuador, Monica Palencia, He said that organized crime “is a criminal enterprise with international financial flows, with arms exchange and trafficking” beyond borders. “It uses the same practices to infiltrate our institutions,” he noted.

2024-08-24 10:57:35

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