Arianna Legovini opened the discussion by noting the significant loss in human capital brought about by not addressing the issue of poverty. One reason Latin America had been able to withstand the recent crisis better than the rest of the world was that it had been able to address governance issues. Much remained to be done, but the various rounds of market liberalization and public sector reform had improved governance. Corruption still existed and funds were still being diverted, but things were moving in the right direction.