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OAS SECRETARY GENERAL CALLS FOR BETTER GOVERNANCE
FOR ECONOMIC GROWTH IN REGION

  September 19, 2005

The Secretary General of the Organization of American States (OAS), José Miguel Insulza, today underscored the need for enhancing governance in the region’s democracies by improving institutions that foster economic growth and help alleviate poverty and inequality.

Speaking at the 38th Annual Meeting of the Association of American Chambers of Commerce in Latin America (AACCLA), at the U.S. Chamber of Commerce in Washington, Insulza said that after a decade of economic reform, globalization and the return to democracy “Latin American and Caribbean countries acknowledge that it is imperative to ensure that these reforms result in concrete benefits for their peoples in terms of increased growth, job creation and reduction in poverty.”

The Secretary General noted that “the key political issue in the region today is an issue of democratic governance.” Underscoring recent political turmoil in several countries, he stressed the need to explore how democracies can be strengthened.

“We must be capable of providing effective and good governance and put an end to a situation in which our democracies and governments are transitory affairs,” he said. “These crises are harmful for investment, growth and stability, and they have caused Latin America to fall behind other regions of the world not afflicted with problems of this kind,” he added.

Insulza also said that the private sector must play a “vital” role in the process of delivering the benefits of democracy to the region, as it is “the main engine of growth for job creation and for improving the region’s prosperity.”


Secretary General Insulza presented, on behalf of the OAS Trust for the Americas, its 2005 Corporate of the Americas Award to ConocoPhillips for its “Empowering Guiria Fisherman to Become Entrepeneurs” program in Venezuela. The international energy company is the third-largest integrated energy company in the United States, based on market capitalization, oil and gas proved reserves and production, and the largest refiner in the country.

Reference: E-203/05