World Economic Forum Founder and Executive Chairman Klaus Schwab held a virtual conference with the Vice-President of the United States, Kamala Harris, and big executives about how to promote sustainable economic development and better opportunities for the countries of Central America.
The encounter was done at the end of May, in the frame of the launch of the Administration Call to Action, in which he asked the private sector to improve investments in the mentioned region.
This initiative seeks to encourage business and social enterprises to promote inclusive economic growth opportunities and enhance livelihoods, as a way to address the why of the migrations and promote long-term development.
“I believe that the businesses — especially our private business sector — have a major role to play in creating jobs and promoting economic opportunity” Harris established. Also remarked the strong partnership between private and public sectors as key to achieving significant outcomes, recognizing The World Economic Forum as a leader in this field.
“The Forum has been actively engaged in Latin America for years, developing and supporting the implementation of a strategic agenda to address the region’s pressing challenges and ensuring a robust participation of leaders,” expressed Schwab. “In response to this Call to Action, the World Economic Forum will summon figures able to commit over time. The principles of Stakeholder Capitalism provide a guide for these actors, teaching them that a long-term, sustainable investment can ensure the economy works for people and the planet” he added.
This will bring together members of civil society, business, governments, and development institutions to facilitate the process of collaboration. Schwab emphasized how inclusive and sustainable growth are core tenets of the Forum’s stakeholder capitalism concept, being also a form of doing business.
Is a fact that state corporations should work with civil society and governments to tackle these global challenges with a long-term vision. Many companies like Bancolombia, Duolingo, and the Tent Partnership for Refugees are committed to supporting inclusive economic development in the Northern Triangle of Central America, conformed for Guatemala, Honduras, and El Salvador.
As a company with a strong sense of inclusion, eSmart Recycling supports actions that help foster a solid economy and social stability to our continent. In particular, this urgent call to action must be focused on the most vulnerable populations such as the women and young peopleTweet