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

25 Mar 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…

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…

Issuance of Sustainability-linked Bonds by Latin American Companies in International Markets Grows Exponentially in 2021

30 Mar 2022 | News

The use of environmental, social and governance (ESG) instruments by debt issuers from Latin America and the Caribbean (LAC) in international markets has grown very rapidly in the last two years. In particular, in 2021 there was an exponential growth in the international issuance of sustainability-linked bonds (SLB) by companies in the region, according to a new Economic Commission for Latin America and the Caribbean (ECLAC) report published by the Commission’s Office in Washington DC. LAC ESG International Bond Issuance by Type of Instruments (US$ Million) Source: authors’ elaboration…

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

12 Jul 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…

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

23 Apr 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 Dec 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…

ECLAC Will Present its Economic Survey of Latin America and the Caribbean 2020

1 Oct 2020 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will present on Tuesday, October 6 its Economic Survey of Latin America and the Caribbean 2020: Main conditioning factors of fiscal and monetary policies in the post-COVID-19 era, the institution’s flagship annual economic report, which takes stock of the region’s economies in the last year, with special emphasis on the impact of the COVID-19 crisis, and examines the prospects for the coming months. The latest edition of this document – published by the United Nations regional commission since 1948 – will present an analysis o…

Capital Flows to Latin America and the Caribbean Picked Up in 2019, but Credit Quality Declined

19 Mar 2020 | News

The report Capital Flows to Latin America and the Caribbean: 2019 Year-in-Review, recently released by ECLAC’s Office in Washington D.C., reviews the main 2019 trends in capital flows to the region. According to the study, lowering global interest rates supported Latin American and Caribbean (LAC) bond activity in 2019. Borrowers enjoyed easy financing conditions, as interest rate cuts from the U.S. Federal Reserve and the European Central Bank allowed them to issue foreign currency denominated bonds at increasingly low rates. Mexican, Brazilian and Chilean borrowers were the main contributor…

The Private Sector Has the Opportunity to Contribute to Mobilizing Resources for Implementation of the 2030 Agenda in the Region

22 Apr 2019 | News

The role of the private sector is key to the challenge of mobilizing financing sources and mechanisms for implementation of the 2030 Agenda for Sustainable Development in the region, business representatives, delegates and international officials agreed during the Business Forum for the Sustainable Development Goals in Latin America and the Caribbean 2019: Public-Private Strategies for the Financing and Monitoring of the Sustainable Development Goals, held on Monday, April 22, in Chile. The event, organized by the Economic Commission for Latin America and the Caribbean (ECLAC) and the Uni…

ECLAC and Cambridge University Launched a Fintech Collaboration Network

26 Mar 2019 | News

Fintech companies, which offer financial services through the application of digital technologies, may be key to furthering financial inclusion, one of the region’s main challenges, ECLAC’s Executive Secretary, Alicia Bárcena, said on Monday, March 25 at the inauguration of a seminar where the United Nations regional organization and Cambridge University launched a joint collaborative initiative in this area, which includes the creation of a Financial Innovation Hub for Latin America. These new companies have enormous potential to satisfy the financial needs of small and medium-sized enterpris…

Latin America and the Caribbean Saw the Best and Worst Conditions for Tapping International Capital Markets in 2018

15 Mar 2019 | News

Last year (2018) was a period of contrasts for Latin America and the Caribbean’s financing conditions. The report Capital Flows to Latin America and the Caribbean: 2018 Year-in-Review, released by ECLAC’s Office in Washington D.C., reviews the main 2018 trends in capital flows to the region. According to the study, the region saw the best and the worst conditions for tapping international capital markets: from US$ 32 billion in January, the highest ever monthly volume of debt in international markets to zero issuance in December, making it the worst December on record for LAC issuers. Accordin…

Authorities and Experts at ECLAC Analyze the Regional Challenges Posed by the International Financial Crisis

10 Jan 2019 | News

In a meeting held at ECLAC headquarters in Santiago, Chile, authorities and experts discussed international financial volatility, global economic uncertainty and lower perspectives for growth dynamics in 2019 in the countries of Latin America and the Caribbean. During the seminar on “Latin America and EU Regionalism: Towards a Cooperative Way-out beyond the Crisis”, distinguished speakers addressed the challenges currently facing the region in terms of fiscal, monetary, economic and institutional reforms in the face of the questioning of multilateralism worldwide. The meeting, or…

Latin America and the Caribbean Issued US$ 74 Billion in International Bonds in the First Half of 2017

4 Sep 2017 | News

Latin American and Caribbean (LAC) countries sold debt at a strong pace in the first half of 2017. Flows were driven by a search for higher returns than have been offered by developed bond markets, and encouraged by an improvement in economic conditions in the region, according to an updated edition of the report Capital Flows to Latin America and the Caribbean: Recent Developments, released by the Washington Office of the Economic Commission for Latin America and the Caribbean (ECLAC). Enthusiasm for LAC assets was supported by low interest rates across de globe and sustained weakness in the …

Latin America and the Caribbean Issued International Bonds at a Record Pace in the First Quarter of 2017

14 Jun 2017 | News

2017 started with the highest monthly issuance on record from Latin America and the Caribbean in the international bond market, with total issuance reaching US$ 24.2 billion in January, according to the report Capital Flows to Latin America and the Caribbean: Recent Developments, released by the Washington Office of the Economic Commission for Latin America and the Caribbean (ECLAC). Petrobras led the way, issuing a US$ 4 billion dual-tranche bond on January 9, encouraging other issuers to come to the market. Although the pace of issuance slowed down in February and March, the total amount of…

ECLAC Organized Seminars in Buenos Aires on Financialization and Functional Income Distribution

9 Dec 2016 | News

The Office of the Economic Commission for Latin America and the Caribbean (ECLAC) in Buenos Aires organized two seminars this quarter on macroeconomics and development, with participation by representatives from international organizations, central bank officials from Argentina and Brazil, and academic and private-sector experts. In the first seminar-workshop (Productive Structure, Institutions and Macroeconomic Dynamics in Latin America), held September 1-2, participants debated the specific ways in which financialization plays out in the region: where the great capital influx that has entere…

New bond issuance in LAC region reached almost 14 billion dollars in March, the highest monthly issuance since June 2014

21 Jun 2016 | News

Market sentiment and portfolio flows to Latin America and the Caribbean (LAC) ended the first quarter of 2016 on a more optimistic note than it started, with new bond issuance reaching almost 14 billion dollars in March, the highest monthly issuance since June 2014, according to the report Capital Flows to Latin America and the Caribbean: Q1 2016, released by the Washington Office of the Economic Commission for Latin America and the Caribbean (ECLAC). According to this study, there was a large rally in LAC assets in March, but its intensity was also a function of the very challenging start of …

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…

Experts Address Local Finance Challenges in Ibero-American Countries

9 Sep 2015 | News

Authorities, experts and scholars from numerous Ibero-American countries met on September 1-2 at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, to discuss the challenges of public provision of goods and services and its financing at different levels of government in the region, and its impact on economic development, equality, and social and territorial cohesion. During the IV Ibero-American Conference on Local Finance 14 research papers were presented—out of more than 50 submitted initially—regarding issues of fiscal and financial t…

Capital flows to Latin America and the Caribbean Surged in the First Half of 2014

1 Sep 2014 | News

The region's international bond sales reached a half-year record of US$ 84 billion in the first half of 2014, beating the previous record established in the second half of 2013 by nearly US$ 21 billion, according to ECLAC's calculations on the basis of data from LatinFinance and other market sources. According to the report Capital Flows to Latin America and the Caribbean: Recent Developments prepared by ECLAC's Office in Washington D.C., the surge represented an increase of 41% relative to the amount issued in the first half of 2013 and of 32% relative to last year's second ha…

Study Analyzes the Viability of Expanding the Latin American Reserve Fund to Other Countries in the Region

5 Mar 2014 | News

A new study by the Economic Commission for Latin America and the Caribbean (ECLAC), entitled A regional reserve fund for Latin America, analyzes the viability of expanding the Latin American Reserve Fund (FLAR) to five more of the region's countries: Argentina, Brazil, Chile, Mexico and Paraguay. In September, however, Paraguay was incorporated into the FLAR, whose other members include Bolivia, Colombia, Costa Rica, Ecuador, Peru, Uruguay and Venezuela. Founded in 1978, the FLAR is the only regional fund of Latin American reserves and it was formed as an organization in which members mak…

21 search results. Displaying 20 per page.