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Work area(s): Economic development Subregional headquarter(s) and office(s): Subregional Headquarters, Port of Spain

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ECLAC Advocates for Debt Relief Proposal during Conference on Hurricane Striken Caribbean Held in New York

20 Nov 2017 | News

Representatives from the Economic Commission for Latin America and the Caribbean (ECLAC) presented this Monday 20 November the organization’s debt for climate adaptation swaps proposal for the Caribbean nations striken by the recent hurricane season, during a high level conference being held in the United Nations’ headquarters in New York until Tuesday 21 November. The CARICOM-UN High Level Pledging Conference: “Building a more Climate Resilient Community”, was convened by the Caribbean Community (CARICOM), with support from the United Nations Development Programme (UNDP), and looks to mobilis…

ECLAC provides senior public officials with cutting-edge trade analysis tools

20 Nov 2017 | News

Thirty-two public officials, senior officers and decision makers from several Eastern Caribbean Currency Union (ECCU) countries gathered in Saint Vincent and the Grenadines this week, to gain a better understanding of the tools needed to provide deeper trade analysis that would support future Economic Union trade negotiations among members of the OECS. Hosted by the Ministry of Foreign Affairs and Foreign Trade of Saint Vincent and the Grenadines, the workshop introduced participants to a suite of cutting-edge digital tools that will bolster their ability to analyse national trade compe…

ECLAC sheds light on structure of Caribbean economies at Belize conference

16 Nov 2017 | News

ECLAC’s Deputy Director, Dr. Dillon Alleyne, attended the 49th Annual Monetary Conference which took place in Belize City from 8-10 November 2017, and presented a paper on strategies to model Caribbean economies in light of the emphasis on the United Nations’ Sustainable Development Goals(SDGs). The response to the Caribbean’s high debt burden has thus far focused on raising taxes and curbing expenditure, despite sluggish domestic and external demand, in order to reduce government’s borrowing requirements and stabilise the debt overhang. Dr. Alleyne noted that since the global econ…

Strategies to improve Caribbean trade performance examined at ECLAC meeting

14 Nov 2017 | News

The Economic Commission for Latin America and the Caribbean (ECLAC) headquarters in Port of Spainrecentlybrought together decision makers from Belize, Grenada and Trinidad and Tobago to examine the trade-related performance of Caribbean countries. he basis for discussion was the ECLAC study entitled “Monitoring trade agreements: Improving export performance and promoting industrialization in the goods-producing economies of the Caribbean”. The study highlighted that the exports of Belize, Suriname, and Trinidad and Tobago are concentrated towards few markets, most notably the United Stat…

ECLAC hosts art and craft exhibition

25 Oct 2017 | News

The handiwork of CHATT will be on display at ECLAC Caribbean’s Port of Spain office for these three days, and several of the participating artisans will be present to share information on their work. Members of the diplomatic community and the United Nations system were invited to enjoy this unique display of craftwork, which includes decorative and wearable crochet items, jewelry, clothing, hand –crafted lighting, glass and crystal works, all of which are on sale, just in time for early Christmas shopping! The six-year-old organization CHATT, is based in Chaguanas, Trinidad …

Offshore medical universities provide economic benefit to Caribbean host countries

27 Sep 2017 | News

On Tuesday, September 26, 2017, the Economic Commission for Latin America and the Caribbean (ECLAC) headquarters in Port of Spain hosted an expert group meeting (EGM) which discussed the ECLAC study “A global value chain analysis of offshore medical universities in the Caribbean.” The study takes a closer look at the Caribbean offshore medical university (OMU) cluster. It examines the contributions that the OMUs make to their host countries. Other factors affecting the competitiveness and long term viability of the OMU cluster in the Caribbean were discussed by experts from Barbados, G…

ECLAC facilitates Public Expenditure Review process in Belize

5 Sep 2017 | News

Consultations aimed at explaining the importance of pursuing public expenditure reviews (PERs) as part of the budget process were facilitated in Belize by a team from the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean, led by Deputy Director, Dr. Dillon Alleyne, along with Coordinator of the Economic Development Unit at ECLAC Caribbean, Sheldon McLean, and consultant, Professor Vanus James. PERs are intended to align expenditures with government’s priorities. They also aim to provide savings, either from expenditure reallocati…

ECLAC discusses strategies to support regional artisans in the art and craft sector

31 Jul 2017 | News

Meeting participants included representatives from the Association of Caribbean States (ACS), the Caribbean Tourism Organization (CTO), the Trinidad and Tobago Ministry of Community Development, Culture and Arts, and an artisan from Saint Lucia. During the meeting, participants underscored the importance of creating avenues to allow artisans to have direct interaction with tourists, as well as the need to establish easier financing packages and the necessary infrastructure for artisans who are more business oriented. These measures would help to strengthen linkages between the arts and touri…

Caribbean policy makers recognize ECLAC’s 70-year contribution to regional development

19 May 2017 | News

At the 18th meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee (CDCC) held in Port of Spain, Trinidad and Tobago on 19 May 2017, the Economic Commission for Latin America and the Caribbean’s (ECLAC’s) contribution to development in Latin America and the Caribbean over the last 70 years was recognized. Speaking about ECLAC’s contribution to development in the region during the opening ceremony, ECLAC Deputy Executive Secretary, Antonio Prado, underscored that: “ECLAC has never abandoned its structural roots and issues of structural heterogeneity, th…

ECLAC lays out framework for building a competitive Caribbean economy

30 Mar 2017 | News

In order to build a competitive economy, Caribbean countries must engage in economic restructuring and diversification practices in several areas, including agriculture, transportation and telecommunications. This, according to the latest policy brief from the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean. Entitled `A framework for Caribbean medium-term development’, the brief examined the adjustments that the subregion has made – and the ones that it may need to make – in response to the challenging global environment. It obse…

ECLAC delivers “strong answer” to the budgeting process needs of Caribbean public administrations

3 Oct 2016 | News

The Economic Commission for Latin America and the Caribbean (ECLAC) has provided a “strong answer” to what senior public officials across the Caribbean have been searching for in order to improve the budgeting process of public administrations, according to the participants of a week-long regional training workshop that provided officials with robust tools and techniques necessary for more effective management of public finances. Public Expenditure Reviews (PERs) are intended to align public sector expenditure with the priorities of national governments. They also promote increased savings, ei…

ECLAC budget training beneficial to policy makers in Barbados

5 Sep 2016 | News

The budgeting process is set to greatly improve in Barbados as a result of ECLAC Caribbean’s training for public finance managers on Public Expenditure Reviews (PERs), according to Mr. Seibert Frederick, Permanent Secretary in the Barbados Ministry of Economic Affairs. Speaking at the high-level briefing that concluded the training workshop, on 26 August 2016, Mr. Frederick emphasized the value and potential of the techniques imparted, in bolstering the efficiency of the budgeting exercise, and noted that the training would have definitely benefitted permanent secretaries. The participan…

Improved budgeting process on the horizon in Saint Kitts and Nevis, as ECLAC wraps-up training

9 Aug 2016 | News

A recent training workshop facilitated by the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean has “opened the eyes” of the Ministry of Finance of Saint Kitts and Nevis on how budgeting can be done “better”, according to Mr. Calvin Edwards, Deputy Financial Secretary in the Ministry of Finance. The objective of the workshop was to build the capacity of public officials to conduct Public Expenditure Reviews (PERs) with applications to their respective sectors. PERs are intended to align expenditures with government’s pri…

Antigua and Barbuda Permanent Secretary praises ECLAC training of public finance managers

4 Aug 2016 | News

Permanent Secretary of the Ministry of Health in Antigua and Barbuda, Mr. Walter Christopher, emphasized the value and potential of the techniques imparted to bolster the efficiency of the budgeting exercise. He was attending the high level briefing seminar following a week-long training workshop hosted by the ECLAC subregional headquarters for the Caribbean. The objective of the workshop was to build the capacity of public officials to conduct Public Expenditure Reviews (PERs) with appropriate applications for their respective sectors. The initiative complemented the recently launched ECLAC d…

ECLAC team trains Belize public finance managers

21 Jul 2016 | News

Twenty Government officials from Belize benefited from a one week workshop to build capacity in Conducting Public Expenditure Reviews (PERs), focusing on Applications for Education, Health, Agriculture and Social Protection. PERs are intended to align expenditures with government’s priorities. They are also intended to provide savings, either from expenditure reallocation or by reducing unproductive expenditures. In addition they improve fiscal management and can provide fiscal space especially when a country is experiencing high debt levels. The workshop conducted by ECLAC Caribbean, wh…

ECLAC to enhance member states’ ability to forecast public expenditure

13 May 2016 | News

Senior policy makers from the ministries of finance, education, health and agriculture in three Caribbean states recently received a comprehensive introduction to the ECLAC Development Account project, “Strengthening the technical capacity of public finance managers in select Caribbean Small Island Developing States (SIDS)”, from which their countries will benefit. The project focuses on increasing the capacity of policy makers and finance managers to apply the methods and procedures for better monitoring and forecasting of public expenditure and revenue, and is expected to have a positi…

The Caribbean’s development trajectory and debt outlook to be discussed in Saint Kitts and Nevis

14 Apr 2016 | News

A proposal to address the Caribbean’s high debt burden and strategies to achieve sustainable development in the region will be the focus of discussions when two important meetings of the Economic Commission for Latin America and the Caribbean (ECLAC): the Caribbean Development Roundtable (CDR) and the Caribbean Development and Cooperation Committee (CDCC) convene in Basseterre, Saint Kitts and Nevis, on 21 and 22 April 2016, respectively. The CDR brings together senior level policymakers from governments of the Caribbean; officials of the United Nations system; representatives of regiona…

Senior policy makers to meet in Saint Kitts to discuss Caribbean debt relief

9 Mar 2016 | Announcement

ECLAC Caribbean will convene the 4th meeting of the Caribbean Development Roundtable (CDR) in Basseterre, Saint Kitts and Nevis on 21 April 2016. This year’s Roundtable will explore possible options for debt relief for heavily indebted countries in the subregion. The CDR will be followed by the 26th session of the Caribbean Development and Cooperation Committee (CDCC) on 22 April 2016, where participants will take stock of the outcomes of the CDR, and review the implementation of the work programme for the ECLAC subregional headquarters for the Caribbean for the biennium 2018-2019. …

ECLAC Executive Secretary opens High Level Meeting in Trinidad and Tobago

26 Jun 2015 | News

“There is no question that the Caribbean is shouldering an unsustainable debt burden which compromises the capacity of the economies for sustained growth and restricts the options available to governments to introduce important social and welfare programmes” the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, said via video conference in opening the 17th meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee (CDCC) on 26 June, during which Ministers and high-level Government representatives from the…

ECLAC Trains Officials of the Region in Assessment of Disasters

19 Jun 2015 | News

The Economic Commission for Latin America and the Caribbean (ECLAC), through its Subregional Headquarters for the Caribbean, is strengthening the capacity of specialists and officials of Latin American and Caribbean countries to assess the damages and losses caused by disasters, with activities in Peru, Costa Rica and Saint Vicent and The Granadines. In the case of Peru, the training session in Damage and Loss Assessment (DaLA) was conducted in Cusco from 16 to 19 June at the request of the National Center for Estimation, Prevention and Disaster Risk Reduction. This course served as the first …

47 search results. Displaying 20 per page.