A new initiative to support Latin America and the Caribbean in the transition to a circular economy as part of the COVID-19 recovery was launched today. The Regional Coalition on Circular Economy was announced during a virtual side event at the XXII Meeting of the Forum of Ministers of Environment of the region, hosted by Barbados and the United Nations Environmental Programme (UNEP). The Coalition will support access to financing by governments and the private sector, with special emphasis on small and medium enterprises (SMEs), in order to promote resource mobilization for innovation and the implementation of specific projects in the region.