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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…

Alicia Bárcena Highlights the Need for a Renewed Global Compact to Strengthen Multilateralism and Greater Solidarity with Middle-Income Countries

3 July 2021 | News

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, highlighted the important role played by the United Nations Economic and Social Council (ECOSOC) in building a renewed global compact to strengthen multilateralism and promote greater solidarity with middle-income countries on key issues such as debt and the transition to sustainable, low-carbon growth models. ECLAC's highest authority participated this Friday, July 2, in a high-level meeting held virtually within the framework of the 2021 Integration Segment of ECOSOC, which – under…

Public Policies Are Key to the Financial Inclusion of Rural Areas in the Region

18 March 2020 | News

The Economic Commission for Latin America and the Caribbean (ECLAC), in collaboration with the International Fund for Agricultural Development (IFAD) and the financial support of the European Union, has contributed to the analysis and development of strategies and policies to diversify the economic activities carried out by rural households in situations of poverty. A key component of these efforts has been the analysis of rural value chains. According to the document Strengthening Financial Inclusion and Capacities in Rural Areas: Guidelines for a Plan of Action (in Spanish only), edite…

ECLAC and Cambridge University Launched a Fintech Collaboration Network

26 March 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…

Financial Inclusion Creates Opportunities and Allows for Achieving the SDGs, ECLAC Sustains

4 September 2017 | News

Financial inclusion is a tool that boosts the creation of opportunities and strengthens the ability to achieve the Sustainable Development Goals (SDGs), the Economic Commission for Latin America and the Caribbean (ECLAC) indicates in two studies carried out by the organization’s Subregional Headquarters in Mexico. In the first study, ECLAC underscores that El Salvador faces the challenge of institutionalizing a national strategy for financial inclusion, while in the second, it stresses that Honduras must seek to strengthen its National Financial Inclusion Strategy (NFIS), adopted by that count…

Financial Inclusion of SMEs is Fundamental for their Productive Insertion

4 September 2017 | News

In the last three decades the financial sector has grown significantly, especially in Latin America and the Caribbean, where it has expanded about 18% on average. According to ECLAC, this growth necessitates the design and construction of an inclusive financial system dedicated to productive financing, which is particularly relevant to the region’s Small and Medium-sized Enterprises (SMEs). The financial inclusion of SMEs, and the innovation policies that regional development banks can apply in this area, were the subject of a seminar held on August 16-17 in Lima, Peru, organized by the Econom…

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