The Inter-American Development Bank (IDB) plays a pivotal role in Latin America by providing financial and technical support to its 26 borrowing member countries. The 2024 Annual Business Review reveals several key insights into how the IDB functions and its impact in the region. Here's a structured analysis of what the IDB means to Latin America, based on the report:

Latin America's space economy is experiencing significant growth, driven by increased investment in satellite systems, telecommunications, and international collaborations. Several recent reports and industry roundups provide insights into the current state and future prospects of the region's space sector. In accordance, the sector is expected to see double-digit annual growth rates through 2030, making it an increasingly important player in the global space industry.

HDI Trends in Latin America. Latin America is facing a development slowdown. Despite decades of progress, the region’s Human Development Index (HDI) has stalled since the mid-2010s, and still hasn’t recovered from the shock of the pandemic.