Latin America and the Caribbean need to strengthen local governments to raise better taxes and adapt to climate change, according to CAF

With the premise of proposing solutions to regional problems from local governments, the CAF — the development bank of Latin America and the Caribbean — prepared the new edition of the Economics and Development Report (RED), which analyses the current situation of more than 18,000 subnational governments and makes recommendations based on the reality of countries.

Half of the citizens of Latin America and the Caribbean live very much at the expense of the capital of their country, more than 500 kilometers from the palace from which the head or head of state rules. For those millions of Latin Americans and Caribbeans, the tangible incarnation of power in their day-to-day lives is the mayor or, at most, the governor. The decisions they make immediately impact their lives. Whether it is the opening or closin…

The countries of Latin America and the Caribbean have in the transformation of local and regional governments one of the key keys to achieving truly sustainable, inclusive and resilient development. This is the central premise of CAF’s new Economic and Development Report (RED) – the development bank of Latin America and the Caribbean – which places subnational governments at the heart of the agenda to close social and territorial gaps, improve t…

In a packed auditorium of Banco do Brasil in Brasilia, a new edition of the Economics and Development Report (RED) of the Development Bank of Latin America and the Caribbean (CAF) was launched yesterday. The theme analyzed for this 2025 was the role played by local and regional governments in CAF member countries and, among the findings, it is highlighted that institutional strengthening of local and regional governments is essential not only to…

The governor of Tarapacá, José Miguel Carvajal, established himself as a leading figure in subnational public policy by being the only Chilean governor invited to the international panel organized by CAF Bank. The meeting, held in Brasilia, brought together authorities from Argentina, Brazil, and Colombia, as well as economists and development experts, to analyze the findings of the 2025 Economic and Development Report (RED), entitled "Close-Kno…

BRAZILIA – The Development Bank of Latin America and the Caribbean (CAF) called for strengthening the role of local and regional governments in bridging social gaps, improving the provision of public services and responding to global challenges, presenting its report on Economy and Development on Tuesday 6. Colombian Sergio Díaz-Granados, [...] This article CAF proposes local governments as drivers of development was originally published in IPS …