Economy

The long-term vision of the Dakhla-Oued Eddahab region of Morocco is anchored in its advantageous geographic position as a commercial and logistical hub for North and West Africa, and an entry point for regional and continental investment.

Following a difficult 2020, Latin America and the Caribbean has seen a return to growth this year. Although the region still has a long way to go in terms of its vaccine rollout, the pandemic has prompted a range of changes that will impact positively on the region in the medium to long term, among them increased digitalisation and a redoubled focus on sustainability.

Although Benin is known as a cotton producer and is actively working to boost value-added activities in the textiles and garments sector, the country has also been looking to increase its industrial footprint more broadly, leveraging large-scale projects to expand its energy and transport infrastructure and develop special economic zones (SEZs).

In a year in which significant political efforts have been made to speed up the energy transition, 2021 has also been record-breaking for green finance, as governments, international institutions and lenders alike seek to support the shift towards renewables.

After a long period as one of the least socio-economically developed states in Mexico, the administration of Hidalgo's governor, Omar Fayad, issued a series of policies designed to reinvigorate growth and transform economic activity.