DR1 Daily News - Dominican Republic

Photo: El Dinero

A recent report prepared by the Chief Economist Office for Latin America and the Caribbean of the World Bank focuses on the need to support entrepreneurship and micro and small businesses to boost jobs and growth in Latin America and the Caribbean.

According to the report, “Transformational Entrepreneurship for Jobs and Growth”, Latin America and the Caribbean regional growth rate is expected to edge up slightly—from 2.2% in 2024 to 2.3% in 2025—even as many individual economies face downward revisions in their projections. These adjustments reflect, in part, an external environment that offers limited support, shaped by a cooling global economy, falling commodity prices, and greater uncertainty. In this scenario, empowering entrepreneurs and the private sector is essential. They can help fuel needed rapid growth and job creation as central actors in economic...