Latin American Economic Outlook 2020

Digital Transformation for Building Back Better

image of Latin American Economic Outlook 2020

The Latin American Economic Outlook (LEO) 2020 focuses on the role of digital transformation in helping to navigate through challenging times. The Covid-19 pandemic is having a profound impact on socio-economic conditions, accentuating the already complex scenario faced by a region with significant structural weaknesses. This unprecedented crisis comes at a time of high aspirations and reinforces the need to transform the very foundations of the development model in the region. The report explores how digital transformation can help to cope with the current socio-economic situation, boost productivity, strengthen institutions and achieve higher levels of inclusion and well-being. The LEO 2020 also highlights that international partnerships are fundamental to reaping the benefits of the digital transformation.

The LEO is a joint annual publication produced by the OECD Development Centre, the United Nations Economic Commission for Latin America and the Caribbean (UN ECLAC), the Development Bank of Latin America (CAF) and the European Union (EU). It is the first pillar of the EU Regional Facility for Development in Transition for Latin America and the Caribbean.

English Also available in: Spanish

Rethinking public institutions in the digital era

Rising levels of mistrust in public institutions and dissatisfaction with public services in Latin America and the Caribbean illustrate a weakening social contract, which can be further eroded by the impact of coronavirus (Covid-19). The digital transformation represents a unique opportunity to improve the function and service quality of public institutions. While emerging institutional risks must be taken into account, moving towards digital governments can help public institutions become more trustworthy, efficient, inclusive and innovative. The digital transformation affects a range of public policies, which need to be included in a comprehensive framework, such as national development strategies, to guarantee coherence and synergies and make the most of new technologies. Connecting digital strategies to national development plans is crucial to align digitalisation efforts with broader, long-term development objectives.

English Also available in: Spanish


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