(VOVworld) - The World Economic Forum on Latin America opened in Mexico on Thursday bringing together over 800 state and senior global leaders including the Presidents of Colombia, Panama, and Honduras.
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Mexican President Enrique Pena Nieto at the opening ceremony of the World Economic Forum on Latin America, in Cancun, Mexico, on May 7, 2015. (Photo: ELIZABETH RUIZ/AFP/Getty Images) |
In his opening speech, Mexican President Enrique Pena Nieto underlined the importance of his country’s wide-ranging structural reforms, acknowledged its initial achievements, and pointed out great challenges faced by Mexico and other states of the Latin American region - security, effective management, transparency, and corruption prevention.
With the slogan 'Moving through an agenda of renewal', representatives of the member states spent most of 2-day meeting debating changes to the economic development model due to a sharp decline of oil and raw material prices, and looking for a new sustainable growth model that will be suitable to the current situation.
A special session for business was held focused on Cuba's economy and opportunities for investment in Cuba.