On April 12, the Inter-American Dialogue, in partnership with the Latin America Program at the Wilson Center, hosted a conversation with the current Minister of Finance and Public Credit of Colombia, Alberto Carrasquilla.
In spite of a steady economic recovery, low inflation and improving fiscal balances, Latin America is seeing weak private investment in energy and other sectors.
Across Latin America, the sustained decline in global oil prices has had a profound impact on economic growth, political stability and the viability of resource nationalism – when governments assert more control over the nation’s natural resources.
At a breakfast meeting with members of the Inter-American Dialogue’s Energy and Resources Committee, Michael Reid, The Economist’s senior Latin America editor and author of the “Bello” column, discussed why he thinks the region is shifting to the right.
As Latin American countries reassess their energy policies in light of lower oil prices, there is an opportunity to apply lessons learned from the US experience to enact regulations that mitigate environmental risks, strengthen public support, and attract investment.