Argentina

Argentina has the third-largest economy in Latin America. While well-diversified, it has recently experienced a slowdown in economic progress with low growth and a rise in unemployment. This led the government to pursue structural changes that can facilitate growth, employment and sustainability within the context of an inclusive, green economy.

Argentina subsequently joined PAGE in 2018 and focuses on governance; technical analysis to inform policymaking; vocational training to support the labour market; and sustainable product development and finance for technological innovation, including fiscal incentives, sustainable public procurement schemes and financial instruments.

In 2021, the already complicated mix of external debt, high inflation and unemployment was further exacerbated by the impacts of the global pandemic. Despite this, Argentina’s newly appointed government has elevated green economy in its agenda and advanced policies in areas of green jobs, energy transition and social economy aimed at providing new growth opportunities through a sustainable approach. PAGE is supporting these objectives, particularly through its targeted green economic recovery activities that aim to strengthen sectoral plans framed in Argentina’s Paris Agreement commitments.