LAC Ministerial Summit on Productivity 2016, Santiago, Chile
The First LAC Ministerial Summit on Productivity “Boosting Productivity and Inclusive Growth in Latin America” was hosted in Santiago, Chile on 5-6 December 2016 and served to address the nexus between productivity and inclusive growth (topic of 2016 OECD Ministerial Council Meeting) in the LAC context. Key conclusions were that productivity-enhancing reforms do pay off . The relevance of giving visibility and policy coherence to the productivity agenda was highlighted, with institutions such as the Productivity Commissions of Mexico and Chile represented.
Participating countries proposed to address specific policy issues with regard to the producivity agenda in subsequent meetings. This led to the organisation of a second Productivity Summit and the proposal of a follow-up meeting with a focus on digital transformation towards the end of 2019.
A special report on “Boosting Productivity and Inclusive Growth in Latin America” was prepared for the Ministerial Summit in collaboration with the the Inter-American Development Bank (IDB), including country notes on productivity challenges for fourteen Latin American countries.