Overview

• The institution kept its 2025 regional growth projection at 2.3% and raised 2026 to 2.5% from 2.4%.
• Brazil is projected to grow 2.4% in 2025 and 2.2% in 2026, exceeding the Brazilian central bank and market estimates after a 3.4% expansion in 2024.
• Forecasts highlight wide divergences, with Argentina cut to 4.6% in 2025 and 4.0% in 2026, while Mexico is seen at 0.5% in 2025 and 1.4% in 2026.
• Bolivia is expected to contract for three consecutive years, at -0.5% in 2025, -1.1% in 2026, and -1.5% in 2027.
• The report cites persistent drags from inflation, high borrowing costs, heavy debt, and U.S. tariff uncertainty, and calls for structural reforms to improve infrastructure, competition, and workforce skills to mobilize private capital.