High crime rolling back growth pursuits of LAC countries – IDB assessment

Federal forces guard the perimeter of a scene following a shootout, in Culiacan

While some countries in the Caribbean and Latin America, notably Guyana, continue to show some measure of progress in retreating from the economic doldrums in which much of the hemisphere has been entrapped for decades, the economic effort associated with pushing back the surge of high crime that now afflicts parts of the region may well be rolling back the growth pursuits of the hemisphere.

The current experience of some countries in the hemisphere, including Guyana, would appear to suggest that a more upbeat economic outlook linked to the country’s major oil finds and enhanced regional and international recognition has been attended by concerns over inclinations towards financially motivated, nonviolent crimes committed by individuals, businesses, and well-placed state officials whose positions in the state system afford them opportunities to support the execution of crimes in both the state and business sectors.