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Topic(s): Financing for development

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Specialists Reaffirm that it is Necessary to Have a Development Measurement that Goes Beyond GDP and to Move Towards a Multidimensional Measurement

29 January 2025 | News

Authorities and specialists reaffirmed today that the measurement based on Gross Domestic Product (GDP) is incomplete and that it is necessary to move towards a multidimensional measurement of development, during the closing session of an international seminar held at the main headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile. The Seminar on the Measurement of Development and its Relationship to International Cooperation brought together authorities from 21 of ECLAC’s member countries, three associate countries and three international organi…

ECLAC Will Update Economic Growth Projections for the Region’s Countries at the Launch of its Last Annual Report from 2024

12 December 2024 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will present on Wednesday, December 18 its annual flagship report Preliminary Overview of the Economies of Latin America and the Caribbean 2024, in which it examines the behavior of the region’s economies over the current year and updates estimates for growth and other economic indicators in 2024 and 2025. Specifically, the document will present new Gross Domestic Product (GDP) growth estimates for the region and all of its countries in 2024 and 2025. In this edition, the report analyzes the economic and social dynamics of the…

Authorities and Globally Renowned Experts Analyzed the Traps Hindering Latin America and the Caribbean’s Development, at a High-level Seminar Held During ECLAC’s Fortieth Session

10 October 2024 | News

What are the vital transformations needed to overcome the development traps in which Latin America and the Caribbean is mired? And how can countries achieve stronger and sustained growth while also reducing inequality and fostering inclusion and social mobility? These pressing questions were addressed by authorities from numerous countries in the region and experts of recognized standing, on the second day of the Fortieth Session of the Economic Commission for Latin America and the Caribbean (ECLAC), which is taking place in Lima, Peru. On this Thursday, October 10, a High-level Seminar began …

Foreign Ministers of Latin America and the Caribbean Ratified their Commitment to Multilateralism and Advocated for Urgent Reform of the International Financial Architecture at ECLAC’s Meeting in Peru

9 October 2024 | News

In a context of multiple global crises, foreign ministers and senior authorities from Latin America and the Caribbean and other member countries of ECLAC ratified today their commitment to multilateralism, regional cooperation and implementation of the 2030 Agenda for Sustainable Development, and they reiterated the urgent need to reform the multilateral system and the international financial architecture so that this eminently middle-income region can access adequate financing for moving towards more productive, inclusive and sustainable development. The Dialogue of Ministers of Foreign Affa…

President of Peru, Deputy Secretary-General of the UN, Executive Secretary of ECLAC and representative of the Government of Argentina to open the 40th session of the Economic Commission for Latin America and the Caribbean

7 October 2024 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will hold on October 9-11 in Lima, Peru its Fortieth Session, the United Nations regional commission’s most important biennial meeting, where it will present its proposal for a transformation to move towards a more productive, inclusive and sustainable development model in the region. At this international event – which will draw the participation of authorities from ECLAC’s 46 Member States and its 14 associate members, along with representatives of the United Nations system and of non-governmental organizations – countries w…

SIDS4: Charting the Course Toward Resilient Prosperity for Islands… and the World

11 July 2024 | News

The Fourth International Conference on Small Island Developing States (SIDS4) has produced a wide-ranging and ambitious outcome document: the Antigua and Barbuda Agenda for SIDS (ABAS), which establishes a clear action path for the survival, resilience and sustainable development of small islands around the world. ABAS is the fourth international agreement on road mapping a sustainable development path for small islands. It follows the Barbados Program of Action (1994), the Mauritius Strategy (2005) and the Samoa Pathway (2014). It is a long-negotiated document that seeks to address how the sm…

FAO, ECLAC, WFP, and IICA will Launch a New Report on Financing Food Security and Nutrition in the Region

25 April 2024 | Announcement

On Monday, April 29, 2024, at 14:00 hours, Chile/13:00 hours Panama, the Food and Agriculture Organization of the United Nations (FAO), the Economic Commission for Latin America and the Caribbean (ECLAC), the World Food Programme (WFP) and the Inter-American Institute for Cooperation on Agriculture (IICA) will launch the new report "Financing for Food Security and Nutrition in Latin America and the Caribbean". The report summarizes the discussion on the methodologies used to estimate the costs of putting an end to hunger and other forms of malnutrition, and summarizes some existing estimates …

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…

New Edition of ECLAC-OECD-CAF and European Commission Report Will Be Launched in Santiago, Chile

12 December 2023 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC), the Development Centre of the Organisation for Economic Co-operation and Development (OECD), the Development Bank of Latin America and the Caribbean (CAF), and the European Commission, will present next Friday 15 December a new edition of their traditional annual report “Latin American Economic Outlook 2023: Investing in Sustainable Development” (known as LEO by its English acronym), at the United Nations regional commission’s headquarters in Santiago, Chile. Latin America and the Caribbean needs an ambitious and comprehensiv…

President of Brazil’s BNDES, Aloizio Mercadante, Will Speak at ECLAC about the Role of Development Banks in the Region

28 August 2023 | Announcement

The President of the Brazilian Development Bank (BNDES), Aloizio Mercadante Oliva, will visit the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Chile’s capital on Monday, September 4 to give a keynote lecture entitled “The role of development banks in the transformation of the Latin American development model.” The prominent Brazilian economist and politician will be received by ECLAC’s Executive Secretary, José Manuel Salazar-Xirinachs, who will offer welcome remarks and will hold a dialogue with Mercadante afterwards. The presentation, which will begi…

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…

Program Supports the Development of an Integrated National Financing Framework for Achieving the SDGs in Cuba

31 March 2023 | News

The Cuban financial landscape is marked by unstable, undiversified and largely unsustainable access to sources of development financing. Given the existence of a reduced and narrow range of sources of financing (family remittances, foreign direct investment, bilateral loans, official development assistance), the country depends on current flows – especially exports – to finance production, public services, infrastructure and development. This is an especially adverse context, even though Cuba is a middle-income country. In recent years, the toughening of the U.S. blockade, the effects of the i…

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…

Investment in Strategic Sectors and International Cooperation are Key to the Region’s Development in the Current, Critical Situation

25 October 2022 | News

Representatives of governments and international organizations recognized today the importance of investing in sectors that would promote economic growth, the decarbonization of economies and social inclusion in order to make progress on Latin America and the Caribbean’s sustainable development in the current context of crisis, on the second day of the thirty-ninth session of the Economic Commission for Latin America and the Caribbean (ECLAC), which is taking place through Wednesday, October 26 in Argentina. The day began with the High-level seminar. Panel 3 - Sectoral investment and strategie…

ECLAC convenes Caribbean Development Roundtable meeting in Suriname

11 October 2022 | Announcement

What: Seventh (7th) meeting of the Caribbean Development Roundtable. When: 12 to 13 October 2022 (Opening ceremony at 8 am). Where: The Royal Torarica Hotel, Kleine Waterstraat 10, Paramaribo, Suriname. Background Information The Caribbean Development Roundtable brings together regional and international development thinkers and practitioners, leaders and senior policymakers from ECLAC member States and associate member countries, representatives of the UN System, regional and international financial institutions, academia, and civil society, including the private sector, as well as o…

Experts Address New Challenges of International Cooperation and Their Impact on Latin America and the Caribbean’s Development

14 September 2022 | News

Experts from international and multilateral organizations, along with government officials from various Latin American and Caribbean countries, participated in a high-level seminar on the new challenges of international cooperation and their importance for furthering the region’s development in a complex context such as the current one. The event, entitled New challenges and new perspectives on international cooperation: Development approaches from Latin America and the Caribbean, took place on September 13-14 at the headquarters of the Economic Commission for Latin America and the Caribbean (…

Representatives Agree to Move Forward on the Financial Structuring of Projects and Address that Gap in Climate Finance in View of the Upcoming COP27, Presided by Egypt

2 September 2022 | News

Government representatives from numerous countries in the region, as well as international organizations and multilateral and private financial institutions, concluded this Friday, September 2, their debates at the Roundtable on Climate Finance and the Energy Transition in Latin America and the Caribbean – which took place at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile – with a call to escalate action on climate finance and activate projects and a strengthened institutional framework, ahead of the upcoming COP27. The event, which w…

Regional Forum on Investment and Financing for Climate Action in Latin America and the Caribbean Will Be Held at ECLAC

30 August 2022 | Announcement

High-level government authorities and officials from international organizations, along with representatives of the private sector, development and commercial banks and multilateral and bilateral cooperation partners, will participate in the Roundtable on Climate Finance and the Energy Transition in Latin America and the Caribbean, which will take place on September 1-2 at the central headquarters of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile. The event, which will be held using a hybrid format (in-person and virtual), is one of the fi…

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