President of the Inter-American Development Bank Ilan Goldfajn, says violent crime and insecurity have a disproportionate impact on Latin America and the Caribbean, with severe consequences for socioeconomic development.
Despite representing just eight per cent of the world's population, the region accounts for nearly one-third of global homicides.
Mr Goldfajn says this, as well as other alarming statistics, highlight the urgent need for comprehensive strategies to address the far-reaching effects of crime and violence.
New research by the Inter-American Development Bank and the International Monetary Fund highlights how crime, insecurity, and low growth reinforce each other in a vicious cycle that stifles investment, reduces tourism, and accelerates emigration.
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