South and Central American countries are struggling with the economic issues and with it also come the issues with education. But of course, some countries are better on this than others. Many of Central and South American countries are considered as developing countries now which means that investment in education is also on the rise. Some such countries are Haiti, Argentina, Chile, Panama, Cuba, Mexico (where on this specter we have Haiti as one of the poorest countries here, and Argentina and Chile as the most prosperousness for example).
The situation of the education system in Central and South America today is still progressing and struggling. Over 90% of the population is literate, and the majority of children are provided with primary and secondary education, having as well tertiary education well developed. But the issues of education problems in Latin America such as quality and a proper investment in education remain. The poor quality of education can nicely be seen from the fact that Latin America is as much as 2.5 years of schooling behind the OCED average. That has much to do with the quality of schools in Latin America since students score very low on many subjects such as maths for example.
But even so, situation in Central and Latin America is getting better. There are programs conducted by the countries themselves, as well as foundations, donations and plans provided by organisations world widely like UNESCO for example. There are numerous universities in Central and South American countries, some of them highly ranked, others not, which is normal, also having some foreign university branches as well. Both public and private sector concerning third level of education is developed. If you are interested to see which of these countries have the most educated population with the tertiary education level, you might check out the 8 Most Educated Countries in Central and South America.