At an event on Capitol Hill to discuss how the U.S. State Department is helping small businesses in Latin America, the Washington director of a U.N. economic commission on Latin America said average annual growth of Gross Domestic Product (GDP) in that region in 2011 was 4.3 percent — almost double the average annual growth rate of the U.S.
Ines Bustillo, the Washington director for the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), revealed the U.N.’s GDP figures during a discussion Thursday on the U.S. State Department’s Pathways to Prosperity in the Americas.
She describes Pathways as a program that “links Western Hemisphere countries committed to democracy and open markets in an initiative to promote inclusive growth, prosperity, and social justice.”
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