From January 27 to 30, the Latin America and Caribbean 2026 Economic Forum, organized by CAF, brought together seven heads of state in Bogotá, Colombia. This gathering challenges the prevailing narrative suggesting the death of multilateralism, showcasing leaders from diverse ideological backgrounds—such as Lula, Petro, Noboa, and Katz—sharing a stage. The event underscores that, contrary to popular belief, multilateralism in Latin America continues to endure and evolve, finding new foundations in technical and financial institutions.

The notion that multilateralism is in crisis has become a common refrain. However, it is essential to clarify the nature of this crisis. While there are evident signs of weakening in the liberal international order established post-1945, particularly the systems of nation-states, this summit illustrates that Latin America is not necessarily following the same trajectory. The presence of various leaders indicates a commitment to cooperative dialogue and partnership in addressing regional challenges, which may signal a divergence from the more fragmented approaches seen in other parts of the world.

Furthermore, this gathering represents more than a symbolic gesture; it is a proactive step towards strengthening multilateral ties within the region. By collaborating through CAF and other institutions, these leaders are attempting to reinforce the foundations of multilateral engagement and create a unified front to tackle economic, social, and political issues. This resilience and adaptability in the face of global challenges highlight Latin America's potential to lead a multipolar approach in international relations, positioning it as an essential player in the global arena, despite the upheavals in global multilateralism.