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Experts Address Financing for Biodiversity Protection

12 July 2024 | News

On May 2, 2024, a seminar entitled Financing for Biodiversity and Ecosystem Services: Towards a New Financial System for Biodiversity Protection and Climate Action was held in Bogotá, Colombia, organized jointly by the Economic Commission for Latin America and the Caribbean (ECLAC), the Inter-American Development Bank (IDB) and the Ministry of Finance and Public Credit of Colombia. The event aimed to facilitate discussion of the importance of the financial system playing a more active role in the transition to nature-positive development models that would foster improved productivity and great…

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…

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…

Importance is Stressed of Investing in Comprehensive, Public Care Policies and Systems Aimed at Achieving Gender Equality and Promoting Their Financial Sustainability

10 November 2022 | News

For more than four decades, ECLAC’s Member States have agreed upon the Regional Gender Agenda, aimed at guaranteeing the rights of women, moving towards achieving their autonomy and laying the foundation for building societies with equality. In this framework, the government delegates and specialists attending the XV Regional Conference on Women in Latin America and the Caribbean, which is taking place in Buenos Aires, Argentina, stressed today the importance of investing in comprehensive, public care policies and systems geared towards achieving gender equality and promoting their financial s…

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…

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

19 March 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…

Ministers and Authorities from Latin America and the Caribbean Will Dialogue at ECLAC about Challenges to Public Finances in the Region

18 March 2019 | Announcement

The Regional Seminar on Fiscal Policy, the main point of reference for discussing issues related to the public finances of Latin American and Caribbean countries, will hold its 31st session on March 25-26, 2019 at ECLAC’s headquarters in Santiago, Chile. The seminar is a multilateral and regional high level space for exchanging opinions on macroeconomic and fiscal policies and challenges in the region. The gathering – organized by the Economic Commission for Latin America and the Caribbean (ECLAC) with support from the Inter-American Development Bank (IDB), the Organization for Economic Coope…

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

15 March 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 January 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…

ECLAC Analyzes Structural Gaps in Development in Argentina’s Provinces

4 September 2017 | News

ECLAC’s Office in Buenos Aires presented, in two new publications, studies about the main conditioning factors to achieving inclusive and sustainable development found in the Argentine provinces of Tucuman and Chaco. The studies were carried out based on the perspective of structural gaps, with a view to contributing along with subnational governments to determining strategic areas for public intervention to close the existing gaps and to producing an assessment that serves to support strategies to attract financing in the framework of the 2030 Agenda for Sustainable Development. The studies w…

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

4 September 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 …

ECLAC will Hold XXIX Regional Fiscal Policy Seminar

17 March 2017 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will hold its traditional Regional Fiscal Policy Seminar at its central headquarters in Santiago, Chile on March 23-24, drawing ministers and undersecretaries of finance from countries in the region. The meeting, carried out uninterruptedly for 29 years, has become a point of reference for fiscal debate among authorities, policymakers, economists and academics throughout Latin America and the Caribbean. It has the support of the International Monetary Fund (IMF), the Inter-American Development Bank (IDB) and the Organisation f…

Experts Address Local Finance Challenges in Ibero-American Countries

9 September 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…

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…

ECLAC Development Project to assist Caribbean SIDS with public sector account management

1 October 2014 | News

Caribbean governments are set to gain greater capacity in the management of public finance. During the next three years, the Economic Commission for Latin America and the Caribbean (ECLAC) 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 has been particularly severe on the economies of the Caribbean, especially on those that depend heavily on services for their economic growth. Four countries in the region have h…

17 search results. Displaying 20 per page.