1:30—2:45 PM Washington DC time

The Gradual Rise and Rapid Decline of the Middle Class in Latin America and the Caribbean

This event will have simultaneous interpretation in English and Spanish. Este evento tendrá traducción simultánea en Español e Inglés.
Report can be read here.

  • Felipe Jaramillo, Vice President for the Latin America and the Caribbean Region, World Bank
  • Francisco H. G. (Chico) Ferreira, Amartya Sen Professor of Inequality Studies and Director, International Inequalities Institute, London School of Economics and Political Science
  • Nora Lustig, Samuel Z. Stone Professor of Latin American Economics and founding Director of the Commitment to Equity Institute (CEQ), Tulane University and Non-Resident Fellow, Center for Global Development
  • Máximo Torero, Chief Economist, Food and Agriculture Organization of the United Nations


  • Liliana Rojas-Suarez, Director of the Latin America Initiative and Senior Fellow, Center for Global Development

COVID-19 will likely reverse many of the social gains that took decades to materialize in Latin America and the Caribbean. The global pandemic is resulting in a decline in the size of the middle class and an increase in poverty in most countries, with some staggering exceptions, like Brazil, whose transfer programs benefitted millions. But how long can support measures last? What will be the structural consequences of this crisis? As persistent inequalities make the situation all the more challenging, what policy options are best? And are there any positive outcomes to take from this crisis? Join CGD and the World Bank for an informed discussion of these and other related issues after the release of a new World Bank report.

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