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In 2023, Latin American and Caribbean International Bond Activity Rebounded from the 2022 Lows

25 March 2024 | News

Latin American and Caribbean (LAC) issuers placed US$ 89 billion of bonds in international markets in 2023. This total was 40% higher than in 2022 but 35% lower than the average issuance in the three-year period from 2019 to 2021. The average coupon rate was 1.65 percentage points higher than in 2022. This increase has translated into higher financing costs for corporates and for the governments of the region. Average coupon rates on the region’s dollar-denominated sovereign issuances have climbed steadily in recent years, from 3.6% in 2021 to 5.1% in 2022 and to 6.6% in 2023, illustrating how…

Renowned Economist José Antonio Ocampo, a Columbia University Professor, Will Analyze the International Financial System Reform at ECLAC

7 August 2023 | Announcement

The renowned Colombian economist José Antonio Ocampo, Professor at Columbia University’s School of International and Public Affairs and former Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), will deliver a keynote lecture on Friday, August 18 at the United Nations regional organization’s central headquarters in Santiago, Chile. The former Minister of Finance and Public Credit of Colombia will give a lecture entitled “Reform of the international financial system” at 11:00 a.m. local time in Chile (UTC/GMT -4:00). He will be received by the o…

Fiscal Policy should Foster the Transformation of Development Models, Including Aspects of Growth and the Reduction of Inequalities

17 May 2023 | News

Fiscal policy should not only help to navigate the needs and urgencies in the short term, but also the transformations of development models in the longer term, including both aspects of growth and reduction of inequalities, said José Manuel Salazar-Xirinachs, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), at the closing of the XXXV Regional Seminar on Fiscal Policy, which concluded on Wednesday, May 17 at the organization's headquarters in Santiago, Chile. After three days of discussions in which the challenges of fiscal policy to boost economic an…

XXXV Regional Seminar on Fiscal Policy will Analyze Challenges of Fiscal Policy to Boost Growth and Productive Transformation in a Complex Macro-financial Context

11 May 2023 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will hold the XXXV edition of the Regional Seminar on Fiscal Policy from May 15 to 17. For 35 years, this renowned regional forum has brought together authorities, experts, civil society and academia to discuss the fiscal policy challenges facing the countries of the region. The meeting includes the participation of the Inter-American Development Bank (IDB), the Organization for Economic Cooperation and Development (OECD) and the International Monetary Fund (IMF), and is sponsored by the Spanish Agency for International Develo…

In 2022, Latin American and Caribbean Bond Issuers Placed their Lowest Annual Amount of International Debt since 2008

28 March 2023 | News

Against a backdrop of higher global interest rates and borrowing costs, total Latin American and Caribbean (LAC) international bond issuance in 2022 was US$ 64 billion, down 57% from 2021 and the lowest annual amount since 2008, according to ECLAC’s latest report on capital flows to the region. Capital Flows to Latin America and the Caribbean: 2022 year-in-review and 2023 early developments provides an overview of the region’s international bond issuances, spreads and credit ratings in 2022 and in the beginning of 2023. This report presents and analyses the main trends and developments concern…

ECLAC convenes Caribbean Development and Cooperation Committee meeting in Suriname

13 October 2022 | Announcement

What: Twenty-ninth (29) session of the Caribbean Development and Cooperation Committee. When: 14 October 2022 (Opening ceremony at 9 am). Where: The Royal Torarica Hotel, Kleine Waterstraat 10, Paramaribo, Suriname. Background Information Caribbean Development and Cooperation Committee (CDCC) Member Countries and Associate Members will convene for the 29th Session. Pursuant to resolution 358(XVI) of 1975, the CDCC was created as a permanent subsidiary body of the Economic Commission for Latin America and the Caribbean (ECLAC), to promote development cooperation among Caribbean countrie…

Seventh Caribbean Development Roundtable focusses on recovery, repositioning and resilience

13 October 2022 | News

Convened by ECLAC Caribbean, and hosted by the Government of Suriname, the CDR was officially opened by the outgoing Chair, Minister of Foreign Affairs, Saint Vincent and the Grenadines, Keisal Peters. The meeting was held at the Royal Torarica Hotel, in Paramaribo, Suriname. The Roundtable, Minister Peters said, was conceived as a forum to discuss critical issues that pose fundamental challenge to development in the Caribbean, and to explore solutions that will ultimately support inclusive growth and better living standards for our people, while protecting our environment. Reflecting …

Regional Integration and Solidarity are Essential to Confront Growing Global Asymmetries and Disparities Between Developed and Developing Countries

4 February 2022 | News

Regional integration and solidarity are essential to confront the growing global asymmetries and disparities between developed countries and developing countries, Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), emphasized today during the Coordination Segment of the United Nations Economic and Social Council (ECOSOC), where she referred to the causality and linkages between variables to build back better with an integrated policy strategy. “Even as recoveries continue, divergence in growth rates, vaccination rates, fiscal stimulus, ac…

Alicia Bárcena Urged for Strengthening Multilateral, Regional, Subregional and National Banks and Improving their Coordination to Respond to Latin America and the Caribbean’s Financing Challenges

3 December 2021 | News

Strengthening multilateral, regional, subregional and national development banks, while also improving cooperation and coordination among them, is key for responding to the region’s financing challenges in the context of the crisis prompted by the COVID-19 pandemic, Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), indicated today during a hybrid meeting (in person and virtual) organized by the Government of Costa Rica following the thirty-sixth session of the Commission’s Committee of the Whole, held at United Nations headquarters. Reg…

ECLAC Urges the International Community to Work More and Better to Close Global Asymmetries in Financing and Resilience to Climate Change

6 November 2021 | News

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, urged the international community today to work more and better to close global asymmetries in financing and resilience to climate change, during a side event at the United Nations Climate Change Conference, COP26, which is taking place in Glasgow, Scotland. “We welcome recent commitments on curbing methane emissions; halting deforestation; financing cleaner energy infrastructure; and the internalization of climate risks in the operations of financing institutions, including the IMF.…

Growing Global Asymmetries between Developed and Developing Countries Hinder a Post-Pandemic Recovery with Greater Equality and Sustainability: ECLAC

18 October 2021 | News

Presentation by Alicia Bárcena, ECLAC Executive Secretary (PDF). The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, participated today in a high-level dialogue between the United Nations Regional Commissions and the Second Committee (on economic and financial matters) of the global organization’s General Assembly, where she flagged the growing global asymmetries between developed countries and developing nations, above all in terms of access to vaccines and financing, as well as concentration of wealth, income and technolog…

Fighting Illicit Flows and Tax Non-Compliance and Alleviating Debt are Key to Expanding Developing Countries’ Fiscal Space: ECLAC

28 September 2021 | News

Fighting illicit trade flows, tackling tax non-compliance and establishing mechanisms to alleviate the debt of the most vulnerable nations are key actions for expanding developing countries’ fiscal space amid the current crisis stemming from the COVID-19 pandemic, Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), stressed today during a high-level event with Heads of State and Government held during the 76th United Nations General Assembly. ECLAC’s highest authority was one of the main speakers at the Meeting of Heads of State and Gover…

ECLAC Emphasized Opportunities for Caribbean Countries’ Sustainable Development and Recovery

21 July 2021 | News

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, participated today in the Eleventh General Meeting between the Caribbean Community (CARICOM) and Associated Institutions and the United Nations System, where she addressed the challenges of the post-COVID-19 recovery and the opportunities existing for sustainable development in CARICOM. She stressed the need for egalitarian access to vaccines, the creation of a resilience fund to tackle the debt problem and climate vulnerability, as well as the need to broaden the criteria for measur…

Authorities from the Region Posed the Urgency of Renewed Cooperation with Development in Transition Countries Based on a Multidimensional Measurement of Sustainable Development

14 July 2021 | News

Authorities from Latin America and the Caribbean along with international officials posed the urgency of renewing international cooperation on the basis of a multidimensional measurement of development, which would take into account the structural gaps that middle-income countries face, during a virtual event organized by the Government of Costa Rica and the Economic Commission for Latin America and the Caribbean (ECLAC) on the sidelines of the High-level Political Forum on Sustainable Development 2021. The virtual event entitled Multidimensional measurements of development: opportunities for …

It is Necessary to Rethink and Recreate Financial and International Cooperation Systems Altogether: ECLAC

12 July 2021 | News

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, reaffirmed today that developing countries and especially middle-income countries (which comprise the majority of the region’s nations) need a liquidity boost and to participate actively in debt relief initiatives. “The developed world is investing to achieve the 2030 Agenda’s Sustainable Development Goals (SDGs) and a green recovery, but developing countries are being left behind,” the Commission’s highest authority warned during a session entitled Investing in the SDGs, held in the…

ECLAC Report Will Present New Economic Projections for the Region’s Countries, More Than a Year After the COVID-19 Pandemic First Appeared

6 July 2021 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will present this Thursday, July 8, a special report that examines the economic and social impact of the COVID-19 pandemic, more than a year after it first appeared, providing new growth projections for the region’s countries. The new document, entitled The recovery paradox in Latin America and the Caribbean. Growth amid persisting structural problems: inequality, poverty and low investment and productivity, analyzes the performance of the region’s main economic and social indicators and presents policy proposals for achieving…

Alicia Bárcena Highlights the Need for a Renewed Global Compact to Strengthen Multilateralism and Greater Solidarity with Middle-Income Countries

3 July 2021 | News

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, highlighted the important role played by the United Nations Economic and Social Council (ECOSOC) in building a renewed global compact to strengthen multilateralism and promote greater solidarity with middle-income countries on key issues such as debt and the transition to sustainable, low-carbon growth models. ECLAC's highest authority participated this Friday, July 2, in a high-level meeting held virtually within the framework of the 2021 Integration Segment of ECOSOC, which – under…

It is Time for Middle-Income Countries to Be Part of Debt Relief Initiatives for a Green and Inclusive Recovery: Alicia Bárcena

28 June 2021 | News

It is time for middle-income countries to be made part of debt relief initiatives for a green and inclusive recovery, Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), said today during an international conference entitled Debt Relief for a Green and Inclusive Recovery, organized by the Heinrich Böll Stiftung, the Centre for Sustainable Finance at SOAS University of London, and the Boston University Global Development Policy Center. “We aspire to a new global multilateral mechanism for restructuring debt. We need to build a new architec…

Experts Stress the Need to Create a New Financing Model, at the Conclusion of the Thirty-Third Regional Seminar on Fiscal Policy

23 April 2021 | News

The XXXIII Regional Seminar on Fiscal Policy, one of the main forums of reference for discussing issues related to the public finances of Latin American and Caribbean countries, concluded this Friday, April 23, with three webinars featuring prominent specialists who debated matters of financing for development, tax evasion and illicit flows, as well as climate finance. The final day of the seminar – which has served for 33 years as a high-level, multilateral regional space for exchanging opinions about the region’s macroeconomic and fiscal policies and challenges – began with a webinar entitle…

ECLAC Will Update its Economic Growth Estimates for the Region’s Countries in 2020 and Provide New Projections for 2021

11 December 2020 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will present next Wednesday, December 16 its flagship annual report entitled Preliminary Overview of the Economies of Latin America and the Caribbean 2020, which examines the performance of the region’s economies this year and updates growth figures and other indicators that reflect the impact countries have borne as a result of the COVID-19 crisis. More specifically, the document will contain new Gross Domestic Product (GDP) estimates for the region and all of its countries in 2020, and it will provide a first growth estimate…

41 search results. Displaying 20 per page.