Latin America and the Caribbean seek to boost their global influence with a regional brand
By Guy José Bendaña-Guerrero & Asociados
The development bank of Latin America and the Caribbean (CAF) launched an open call to create a regional brand tol represent the diversity and potential of the region. “It will act as a vehicle to promote alliances and develop initiatives that promote the growth of our countries and contribute to the region having a more relevant place on the global stage,” CAF stated in a press release.
With more than 650 million people in the 33 countries that make up Latin America and the Caribbean, according to CAF there is potential to attract foreign investment in various strategic sectors. The bank argues that a more integrated and cohesive region will help boost synergies and cooperation among its countries, which could facilitate entry into new markets and reduce promotion and marketing costs.
"Latin America and the Caribbean is a solution region for the global challenges facing humanity in biodiversity, just energy transition, global value chains, among others. Promoting a unified identity for the region, which highlights its uniqueness, its unparalleled potential for tourism and investment, is an opportunity to foster sustainable and inclusive growth," said Sergio Díaz-Granados, Executive President of CAF.
The visual identity of the regional brand that will be present in major global forums, representing the cohesive region, will be the result of a co-creation process, through a public contest that invites graphic design, advertising and communication professionals to participate.