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08 May 13 13:29

It was announced today that Robert Azevedo, Brazil's ambassador to the World Trade Organization, has been selected to be the body's next director general. With this appointment, Mr Azevedo will be the first Latin American to lead the WTO, which marks another step in the growing prominence of emerging-market nations in global economics.

When attending the WEF in Lima a couple of weeks ago, it was a privilege to witness, and be part of this growing, common manifestation of political will and collaboration across the Latin American countries to improve the future of the region. I believe the demographic reality of many young people wanting change is triggering this development, and I hope it can eventually cut through the old models of ideological polarisation that the region has often been known for.

For a company with presence in Latin America for over a century, Latin America’s challenges are Swiss Re’s challenges. We all have a clear stake in helping to progress sustainable solutions and the opportunities this creates for the continent and for ourselves.

More thoughts in my latest WEF blog here:

Innovative solutions for Latin America

Social innovation and entrepreneurship featured strongly on the agenda at the World Economic Forum on Latin America, where, as co-chair of the meeting, I had the opportunity to participate in a nu...

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Location: South America


ClimateGroup - 8 May 2013, 4:46 p.m.

Great post. As Michel says it is indeed vital to look at innovative solutions to accelerate the clean revolution in the region - which ensures growth and financial inclusion. Clean energy investment has driven job creation in Latin America and is seen by many as the key the long-term competitiveness. We actually saw a big increase in 2012.

Nuria - 23 May 2013, 6:52 p.m.

A new report by Oxfam entitled "No Accident: Resilience and the Inequality of Risk" shows that while measuring vulnerability is difficult, countries with more vulnerable populations also tend to be those with greater income inequality. Governments need to tackle inequality and ensure that risk is better shared across society. Thankfully there is increasing awareness that excessive inequality is corrosive to growth.
Aid cannot fix inequality and disproportionate risk. Governments can. Targeted action to support society’s most vulnerable (basic services such as education health, and access to decision-making) is needed to even out inequalities, reduce risk, and build resilience.

No accident: Resilience and the inequality of climate change and disaster risk | Oxfam America The P
New Oxfam report shows how vulnerability is not a random twist of fate.

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