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The Concordia Americas Initiative: Highlighting the Role of the Private Sector in Preserving Democracy


Gustau Alegret, Journalist, NTN24
Jorge Arbache, Vice President for the Private Sector, Development Bank of Latin America and the Caribbean (CAF)
H.E. Laura Chinchilla, Vice President, World Leadership Alliance – Club de Madrid; Leadership Council Co-Chair, Concordia
Dr. Julio Frenk, President, University of Miami; Leadership Council Member, Concordia

“Universities play a fundamental role in the preservation and strengthening of democracy.”   

– Dr. Julio Frenk

“The role of the private sector is absolutely critical in creating jobs and improving income in Latin America.” 

– Jorge Arbache

“It is important to be open to constantly redesigning the relationship between the private and public sectors according to the needs and context.” 

– H.E. Laura Chinchilla

“Addressing corruption is critical for all other areas.” 

– Gustau Alegret

Key takeaways & next steps:

  • Corruption is not just about monetary corruption but also includes the appointment of incompetent individuals to key positions, eroding trust in government. Incompetence can be a form of corruption. 
  • It is important that the corporate sector avoids involvement in corrupt political financing schemes and adheres to ethical standards and transparency to build trust in democracy. 
  • There are three fundamental functions of government: protection, promotion, and production. The government should protect citizens’ rights, promote development through incentives and investments, and participate in production as needed.
  • Educational institutions, especially universities, play a critical role in preserving and strengthening democracy by educating a competent workforce and fostering civic-minded citizens.