A recent economic forum in Bogotá brought together leaders from various Latin American countries, challenging the narrative that multilateralism is dead.
In late January, the Economic Forum for Latin America and the Caribbean 2026, organized by CAF in Bogotá, gathered eight heads of state from across the region. This event is significant, particularly against the backdrop of a prevailing narrative that claims multilateralism is in decline. The sight of leaders from diverse ideological backgrounds—such as Lula, Petro, Noboa, and Katz—sharing a platform in what seems to be an out-of-date setting is a poignant reminder of ongoing cooperative efforts in the region.
The assertion that multilateralism is in crisis has become a common refrain among analysts. However, it is crucial to specify the nature of this crisis. While there are unmistakable signs of the weakening of the liberal international order established after 1945—particularly within institutions like the United Nations and the Bretton Woods system—this does not signify a comprehensive failure of multilateral cooperation. The subtle distinction is critical for Latin America, a region that was foundational in establishing many of the principles underlying this system, including peaceful dispute resolution and the codification of international law.
Ultimately, this gathering in Bogotá represents a noteworthy moment for multilateralism in a region that has historically championed collaboration and compromise. Although challenges persist, the fact that numerous leaders came together to discuss shared goals and ideals suggests that there is still a resilient commitment to multilateral frameworks in Latin America. This resilience may ultimately shape the direction of the region's engagement with the global community and inform its response to broader geopolitical shifts.
