Endemic corruption has long been a drag on the region’s economies. The International Monetary Fund (IMF) estimates that they suffered economic contractions of between 1.5 percent and 8.6 percent in 2020.Ĭorruption. Northern Triangle countries borrowed heavily to roll out support programs, but institutional weaknesses impeded their delivery of aid and public services. However, monthslong COVID-19 restrictions paralyzed the vast informal sectors that keep regional economies afloat, fueling poverty and food insecurity. GDPs were rising across the Northern Triangle before the pandemic. But its outcomes are disputed and difficult to measure. Aimed at addressing the drivers of irregular migration, A4P made commitments to increase production, strengthen institutions, expand opportunities, and improve public safety. The region’s most significant coordinated effort to reduce economic instability has been the U.S.-backed Plan of the Alliance for Prosperity (A4P). Successive governments have tried various development-centric, tough-on-crime interventions to tackle the region’s enduring problems, but they have yielded limited gains.Įconomic instability. How have Northern Triangle governments attempted to address these problems? Looking ahead, experts say that population growth and climate change, which is linked to an increasing number of extreme weather events, could put further strain on Northern Triangle economies, pushing more people to migrate. As of 2020, El Salvador and Honduras had some of Latin America’s highest rates of femicide, or gender-based murders of women and girls. Women in the region are also fleeing gender-based violence, which the pandemic has exacerbated.
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