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According to the Preliminary Overview of the Economies of Latin America and the Caribbean, 2025 of ECLAC, Latin America's growth rate moderated to 2.4% in 2025, and experts forecast 2.3% of growth in 2026. ECLAC states that Latin America’s growth is insufficient to combat poverty and inequality in the region.
On May 12, 2025, in an interview with Bloomberg, Colombian President Gustavo Petro announced that Colombia would join China's Belt and Road Initiative (BRI), becoming the twenty-first Latin American country to integrate the project. Is the Belt Road Initiative a driver of industrial development for Latin America?