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Development Challenges for Emerging Countries in an Uncertain World with Hernán Lacunza
“In terms of development, it may be more important to overcome the risk of a reversion than to focus on the speed of reforms.” — Hernán Lacunza, Former Minister of Treasury of Argentina and Minister of Economy of Buenos Aires Province
At CID’s Road to GEM Speaker Series, Hernán Lacunza examined the challenges facing emerging economies in an increasingly uncertain global environment. Drawing on Latin America and Argentina, he argued that durable development depends not only on macroeconomic stability, but also on political consensus, institutional strength, and reforms that can withstand social and electoral pressures.
Focusing on Argentina’s current reform program, Lacunza highlighted early progress on fiscal adjustment and inflation, while pointing to ongoing risks around reserves, investment, employment, and the long-term sustainability of reform.
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