Why Washington Should Make Latin America a Priority

Why Washington should make Latin America a priority

As American eyes remain fixed on the Middle East — understandably so — China has been rolling out the red carpet for Latin America, and we have barely noticed. While Xi Jinping welcomes Colombia, one of Washington’s historically reliable allies, into the controversial Belt and Road Initiative, he’s also introducing visa-free entry for South America’s largest economies and greeting regional leaders in Beijing with billion-dollar credit lines and …

The ratio of tax revenue to Gross Domestic Product (GDP) in Latin America and the Caribbean stood at 21.3% in 2023, lower than the pre-COVID-19 pandemic level of 21.4% in 2019. The 2023 figure also represented a decrease of 0.2 percentage points compared to the previous year.

Tax revenues in Latin America and the Caribbean fell in 2023 as commodity prices weakened - Caribbean News Global

LATIN AMERICA / THE CARIBBEAN – Tax revenues in Latin America and the Caribbean (LAC) decreased as a share of GDP in 2023 amid a slowdown in economic activity in the region and a decline in global commodity prices, according to a new report. Revenue Statistics in Latin America and the Caribbean 2025, released today at the UN-ECLAC 37th Regional Fiscal Seminar in Santiago, Chile, shows that the average tax-to-GDP ratio in the LAC region was 21.3 …