LATAM ESG set for post COVID-19 growth

LATAM ESG set for post COVID-19 growth

The coronavirus epidemic could set off an unprecedented flow of private resources towards ESG (environmental, social, governance) assets in Latin America as the region’s governments gear up for economic reconstruction while accounting for climate change. However, governments will face the challenge of economic reconstruction with depleted budgets. Already in a weak state, budgets and savings have been further undermined by economic stagnation at a time when increased spending on pandemic mitigation is required. Compounding the fiscal pressure is the collapse of tax revenue collected from key regional sectors, including tourism, commodities and remittances. Special report: Finance in the age

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