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The seventh World Economic Forum on Latin America is presently taking place this week in Puerto Vallarta, Mexico. The meeting, held under the theme “Regional Transformation in a New Global Context,” convened a record number of participants for this regional gathering, with close to 900 top regional and global leaders from 70 nations. In addition, The Young Global Leaders Annual Summit 2012 is also taking place in Nuevo Vallarta, along with a Sustainable Growth Summit, with the participation of the Energy Ministers of Latin America.

The timing of the unprecedented event, along with that of the recent and equally successful Tianguis Turístico, coincided with an “extreme makeover” presently taking place throughout Puerto Vallarta: the historic downtown has just completed a six-year urban renewal program along the waterfront. Continued improvements include a second tunnel on the Libramiento slated for completion in 2012: the construction of the third bridge over the Ameca River, which connects Vallarta to Banderas Bay; the new Los Muertos pier, which is currently in process; and the upgrade of Highway 200 to make Puerto Vallarta more easily accessible is also in the works.

Public figures participating in this year’s World Economic Forum meeting include five heads of state or government: Désiré Bouterse, President of the Republic of Suriname, Felipe Calderón, President of Mexico, Ricardo Martinelli, President of Panama, Otto Perez Molina, President of Guatemala and Mariano Rajoy Brey, Prime Minister of Spain.

An abridge list of participants can be found here.

Important headlines related to the World Economic Forum’s proceedings can be found on their own website.