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04:10 PM UTC · SATURDAY, MAY 2, 2026 LA ERA · México
May 2, 2026 · Updated 04:10 PM UTC
Business

Latin American economies show resilience despite global energy shocks, says IDB head

Inter-American Development Bank President Ilan Goldfajn noted that while the Iran war has increased economic uncertainty, the region is seeking targeted support for energy and fertilizer.

Lucía Paredes

1 min read

Latin American economies are facing increased uncertainty due to energy shocks and economic headwinds caused by the war in Iran, according to Ilan Goldfajn, President of the Inter-American Development Bank (IDB).

Speaking to France 24 on April 29, 2026, Goldfajn characterized the regional outlook as one of "uncertainty but a lot of resilience."

Despite the global instability, the IDB head noted that there are growing requests for "targeted support" across the continent.

Specifically, the region is looking for assistance in areas such as energy diversification and meeting fertilizer needs, according to the report.

Focus on energy and agriculture

The economic pressures caused by the conflict in the Middle East have created significant volatility in energy markets, impacting regional stability.

Goldfajn’s comments suggest that while the region can withstand these external shocks, structural vulnerabilities in energy and food security remain a priority for international development partners.

In related global economic news, the outlet reported that Jerome Powell is preparing to hold his final press conference as Federal Reserve Chair.

His successor, Kevin Warsh, is currently moving closer to confirmation for the role.

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