Reinvention on the edge of tomorrow

Accenture shares insights and strategies to boost productivity for growth in its latest research report

In 2019, the Asian Development Bank approved a project providing Milko Limited Liability Company with a loan facility to support the expansion of the company’s dairy processing, and raw milk and fruit procurement capacities in Ulaanbaatar.

Economic growth; structural reforms; potential output; productivity; multivariate filter; dynamic stochastic general equilibrium models; fiscal policy; Morocco

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The present report provides information on the region’s progress in each of the 17 SDGs and their 169 target and related indicators, and highlights where the region now stands in relation to 2030, with a 2015 baseline. It stresses the importance of data availability and its impact on planning processes. It also presents key messages under each Goal.

The current economic and social challenges in Latin America and the Caribbean have highlighted both the region’s structural problems and the urgent need to find new drivers of economic growth. The old approaches to economic development will not enable Latin America and the Caribbean to overcome the present-day economic, health and climate crises. Governments must set bold goals and work with willing private sector partners to promote a truly sustainable and inclusive economy. By advancing mission-oriented industrial policies, countries can stimulate cooperation, diversify production, increase productivity and direct economic growth that is both sustainable and inclusive. There is a unique opportunity to shape economic development that maximizes public benefits through mission-driven innovation, better use of available tools, smart public-private partnerships and purpose-driven institutions, underpinned by a strong public service, results-based evaluation, inclusive stakeholder engagement and a commitment to a renewed social contract. The mission-driven industrial strategy is about imbuing governments and economies of the region with a new sense of purpose and ensuring that everyone in society benefits from the structural changes ahead.