RIO DE JANEIRO, BRAZIL – Latin American countries should take advantage of the current rise in commodity prices to increase their resilience to future external shocks, such as fluctuating commodity prices and volatile capital flows.
This recommendation is made by the United Nations Trade and Development Agency (UNCTAD) in a report to be discussed at the World Commodity Forum in Geneva on Sept. 13-15.
According to the study, 14 of the 33 Latin American countries depend on the sale of commodities, which account for 60 percent or more of their total merchandise exports.
The study highlights two key factors behind . . .