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Macroeconomics for Development, the Focus of a Seminar Held in Argentina

8 September 2015 | News

External restrictions, financial integration and income distribution were some of the topics addressed during the second seminar-workshop on productive structure, institutions and economic dynamics held on August 20-21 in Buenos Aires, Argentina, in which government officials and experts participated. The event began with a regional assessment made by Martín Abeles, Director of the Buenos Aires Office of the Economic Commission for Latin America and the Caribbean (ECLAC), and Sebastián Valdecantos, an expert from the same institution. Following that, a series of academic studies related to the…

ECLAC Will Present New Growth Projections for the Region’s Economies

23 July 2015 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will present next Wednesday, July 29, its Economic Survey of Latin American and Caribbean 2015, a publication updating growth estimates for the region’s countries in the current year. ECLAC’s Executive Secretary, Alicia Bárcena, will present the report during a press conference that will be held at 11:00 a.m. at the organization’s headquarters in Santiago, Chile, and will be broadcast live via Internet at the institution’s Web site. The Economic Survey of Latin American and Caribbean 2015 is one of ECLAC’s most important annua…

Experts Call for New Rules to be Defined on Financing for Development

14 July 2015 | News

There is an urgent need to define new rules for financing sustainable development in the world, participants in the side event Regional Perspectives on Implementing an Ambitious, Transformative Sustainable Development Agenda agreed. The event was hosted on Tuesday, July 14 by the five United Nations regional commissions, of which ECLAC is one, in Addis Ababa, Ethiopia. During the event—which took place in the framework of the Third International Conference on Financing for Development, being held through July 16 in Ethiopia—the U.S. economist and Nobel Prize winner Joseph Stiglitz called for “…

ECLAC Executive Secretary opens High Level Meeting in Trinidad and Tobago

26 June 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 Explains in a Book the Validity of Neo-Structuralism to Generate New Policies

22 June 2015 | News

A new publication by the Economic Commission for Latin America and the Caribbean (ECLAC) analyzes in-depth the continued relevance of neo-structuralism’s postulates in light of the recent global and euro zone crises and proposes opening lines of dialogue between this school, of purely Latin American extraction, and other traditions such as heterodox currents of thought to promote a policy agenda that presents an alternative to the dominant economic paradigm. The book Neo-structuralism and Heterodox Currents in Latin America and the Caribbean at the Beginning of the XXI Century (only available …

ECLAC Trains Officials of the Region in Assessment of Disasters

19 June 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 …

ECLAC Study on Foreign Direct Investment puts focus on the Caribbean

27 May 2015 | News

The Caribbean receives higher amounts of Foreign Direct Investment (FDI) when compared to other developing economies, according to a newly published report from the Economic Commission for Latin America and the Caribbean (ECLAC). Entitled “Foreign Direct Investment in Latin America and the Caribbean”, the flagship report was launched by ECLAC Executive Secretary, Alicia Bárcena, on 27 May at the organization’s headquarters in Santiago, Chile. This year, the annual report places increased emphasis on the importance of foreign direct investment (FDI) for the Caribbean. FDI inflows into the Carib…

ECLAC panel discussion explores innovative financing solutions for the Caribbean

7 May 2015 | News

ECLAC Deputy Executive Secretary Antonio Prado moderated the panel discussion entitled “Advocating innovative financing solutions” at the Forum on the Future of the Caribbean on Thursday 7 May 2015. The session, which examined opportunities that exist for domestic and international development financing for Caribbean Small Island Developing States (SIDS), was considered especially timely given the upcoming United Nations Conference on Financing for Development being held in Addis Ababa in July. Mr. Prado outlined important areas of focus for countries of the region during the session, the firs…

ECLAC Deputy Executive Secretary opens Caribbean Future Forum

5 May 2015 | News

ECLAC’s Deputy Executive Secretary Antonio Prado signaled that if the Caribbean is to achieve equitable growth in an environmentally sustainable manner, critical challenges will have to be addressed, the most urgent of these being the high and unsustainable levels of public debt. Speaking at the opening ceremony of the Forum on the Future of the Caribbean at the University of the West Indies St Augustine campus in Trinidad and Tobago on 05 May 2015, Mr. Prado identified the subregion as one of the most debt-constrained in the world. Noting that the countries of Latin America and the Caribbean …

ECLAC Participated in Education, Skills and Labour Market Panel during High Level Segment of ECOSOC

1 April 2015 | News

The Economic Commission for Latin America and the Caribbean (ECLAC), represented by its Deputy Executive Secretary Antonio Prado, took part in the panel Finding the Opportunities: Matching Education and Skills to Market Demands, held this Wednesday 1 April in New York as part of the 2015 Integration Segment of the United Nations Economic and Social Council (ECOSOC). The panel, moderated by Mr. Prado, was formed by Elizabeth A. Vazquez, CEO and Co-Founder, WeConnect International; Ron Bruder, Founder, Education for Employment; and Zach Sims, Co-founder and CEO, Codecademy. The experts discussed…

Latin America Makes Progress on Tax System Reforms

31 March 2015 | News

Numerous countries in the region have made tax reforms in recent years. In its report Fiscal Panorama of Latin America and the Caribbean 2015: Policy Space and Dilemmas, released in March, ECLAC presents a summary of the modifications implemented by 16 countries in 2014. Among the broad variety of reforms, one that stands out is the emphasis a number of countries have placed on income tax, indicating an aim to improve the impact of their tax systems on income distribution, one of the weakest points in the region’s tax policy. The reforms encompassed distinct aspects of taxation, such as modifi…

Regional Consultation on Financing for Development Will Be Held at ECLAC

11 March 2015 | Announcement

The Latin American and Caribbean Regional Consultation on Financing for Development will be held on March 12-13, 2015, at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile. The meeting will be attended by authorities and ministers from various countries in the region as well as senior representatives from the United Nations and other regional organizations, who will address relevant matters in preparation for the Third International Conference on Financing for Development, which will take place in July in Addis Ababa, Ethiopia. The event…

Authorities and Experts Will Analyze Fiscal Reforms in Latin America at ECLAC

5 March 2015 | Announcement

Latin American government authorities, international officials and fiscal policy experts will participate on March 10-11 in the XXVII Regional Seminar on Fiscal Policy, which will be held at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile. The event is organized by ECLAC (through its Economic Development Division) with the support of the International Monetary Fund (IMF), the World Bank, the Inter-American Development Bank (IDB), and the Organization for Economic Cooperation and Development (OECD). It is also backed by the Spanish Agen…

Complete Version of the Preliminary Overview of the Economies of Latin America and the Caribbean 2014 Is Now Available Online

22 December 2014 | News

The Preliminary Overview of the Economies of Latin America and the Caribbean 2014, one of the most important annual publications of ECLAC, is already available in its complete version as from today in the Commission’s website. The document was originally launched last 2 December in a press conference headed by ECLAC’s Executive Secretary, Alicia Bárcena, and includes the complete chapters as well as the economic fact sheets of each one of the region’s countries analyzed in the study. In the Preliminay Overview ECLAC examined the overall performance of the region’s economies in 2014 and p…

ECLAC Participated in the Fourth Challenges of Government Conference at Oxford University

17 December 2014 | News

A series of policy proposals related to education and the labor market were formulated by the Deputy Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Antonio Prado, during the fourth Challenges of Government Conference 2014: Flourishing Cities, organized by the Blavatnik School of Government at the University of Oxford. The event took place on December 11-12 and brought together international experts to discuss the challenges of inclusive growth, the population’s well-being and environmental sustainability in light of the world’s rapid urbanization. P…

OECD, ECLAC and CAF to Launch their Joint Latin American Economic Outlook 2015

5 December 2014 | Announcement

The eighth edition of the Latin American Economic Outlook: Education, Skills and Innovation will be launched on Tuesday 9 December at 8:30am in the margins of the Ibero-American Summit at the Conventions Center, World Trade Centre, in Veracruz, Mexico. This year’s edition focuses on how the region can increase the levels and quality of education and skills in order to foster productivity and competitiveness as well as a more inclusive society, in a context of growth slowdown. The report will be presented by Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America a…

Free Trade Zones Contribute to the Diversification of Uruguay's Exports

5 December 2014 | News

Economic activity in Uruguay's 12 authorized free trade zones in 2010 gave direct employment to 13,000 people and represented 1.7% of the country's gross domestic product (GDP) that year, according to a new study by the Economic Commission for Latin America and the Caribbean (ECLAC), which stresses that these areas have also contributed to diversifying Uruguay's exports of goods and services. The report A case of Productive and Commercial Transformation: Free Trade Zones in Uruguay analyzes the recent evolution of economic activity, foreign trade and employment among the companies lo…

Development Banking in the Region Offers Mechanisms for Internationalization of SMEs

2 December 2014 | News

Development banking in the region has made efforts to facilitate the internationalization of small and medium-sized enterprises (SMEs), given that most of their financing programs include these companies among their targets (92 %), establish flexible terms (36 %) and demand guarantees or endorsements adjusted to their possibilities, according to a report recently published by the Economic Commission for Latin America and the Caribbean (ECLAC). The figures of the study Financing of International Trade and the Role of Development Banking in Latin America and the Caribbean (available on…

Caribbean Governments Set to Gain Greater Capacity in the Management of Public Finance

2 December 2014 | News

Caribbean governments are set to gain greater capacity in the management of public finance since during the next three years, the ECLAC subregional headquarters for the Caribbean will help deepen the expertise of policy makers and finance managers in the application of methods and procedures for better management and forecasting of public expenditure, revenue and debt. The recent global economic crisis was particularly severe on the economies of the Caribbean, especially those that depend heavily on services for their economic growth. It has exacerbated already existing high-levels of debt for…

Caribbean Economic Growth Set To Increase in 2015

2 December 2014 | News

The Caribbean economy has experienced increased growth in the last year, moving from 1.4% in 2013 to 1.8% in 2014, with even more positive prospects for 2015, according to the Economic Commission for Latin America and the Caribbean (ECLAC), at the launch of the flagship report: “Preliminary Overview of the Economies of Latin America and the Caribbean 2014”. This was presented by ECLAC Executive Secretary Alicia Bárcena at the Commission’s headquarters in Santiago, Chile on 2 December 2014, and was broadcast online and via videoconference. Following this launch, the ECLAC subregional headq…

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