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Latin America and the Caribbean Endures a Prolonged Period of Low Growth: It Will Grow 2.2% in 2025 and 2.3% in 2026

5 August 2025 | Press Release

The Economic Commission for Latin America and the Caribbean (ECLAC) presented today a new edition of its annual report Economic Survey of Latin America and the Caribbean 2025: resource mobilization to finance development, in which it warns that the region continues to endure a prolonged period of low growth. It is estimated that real Gross Domestic Product (GDP) will grow 2.2% on average in 2025 and 2.3% in 2026, in line with the rates recorded in 2023 and 2024 (see attached table). The new projections for 2025 represent a slight upward revision from those published by the organization in…

Transformative and Comprehensive Public Policies for Overcoming Inequality in Latin America and the Caribbean are Advocated For at Seminar in Guatemala

28 July 2025 | Press Release

Authorities and specialists advocated today for implementing transformative and comprehensive public policies to overcome the high inequality that characterizes Latin America and the Caribbean, at an event inaugurated by the President of the Republic of Guatemala, Bernardo Arévalo, in the Central American country’s capital. Policies are needed to foster more equal opportunities, universal, comprehensive, sustainable and resilient social protection, and a more dynamic and diversified productive structure, participants emphasized at the ECLAC-IDB International Seminar: Keys to Overcoming In…

ECLAC Ratifies at the United Nations High-Level Political Forum its Support for Member States in the Final Stretch to Fulfill the 2030 Agenda

24 July 2025 | Press Release

The Economic Commission for Latin America and the Caribbean (ECLAC) ratified its support for Member States in the final stretch to fulfill the 2030 Agenda, at the meeting of the United Nations High-Level Political Forum on Sustainable Development 2025 (HLPF), which took place through Wednesday, July 23 in New York under the auspices of the global organization’s Economic and Social Council (ECOSOC). The UN regional commission’s Executive Secretary, José Manuel Salazar-Xirinachs, participated prominently in the international gathering, where he stressed the commitment to support the re…

Foreign Direct Investment in Latin America and the Caribbean Rose by 7.1% in 2024, Totaling $188.962 Billion Dollars

17 July 2025 | Press Release

Inflows of Foreign Direct Investment (FDI) in Latin America and the Caribbean totaled $188.962 billion dollars in 2024, up 7.1% from 2023[1], the Economic Commission for Latin America and the Caribbean (ECLAC) reported today. This figure represented, on average, 13.7% of the region’s gross fixed capital formation, and 2.8% of GDP in 2024 – below the levels recorded in the 2010s, when it accounted for 16.8% and 3.3%, respectively – according to the annual report Foreign Direct Investment in Latin America and the Caribbean 2025, released at a press conference in Santiago, Chile. An analysis…

Authorities Stress the Essential Role of the United Nations and Multilateralism in Building Bridges and Addressing Global Challenges

15 July 2025 | Press Release

The United Nations and the multilateral system are essential tools for building bridges, addressing complex global challenges and harnessing emerging opportunities, authorities said today at a high-level event held at the main headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, which featured the participation of Norway’s Minister of International Development, Åsmund Aukrust, as the main speaker. “Multilateralism and the United Nations have been a tremendous success for the last 80 years. We have lived through the most peaceful 80 years of hu…

Faced with Financing for Development Challenges, Latin American and Caribbean Countries Need to Strengthen their Capacities to Mobilize Resources and Forge Renewed Cooperation Mechanisms

3 July 2025 | Press Release

The countries of Latin America and the Caribbean, the majority of which are classified as middle-income, face growing challenges that require a reformulation of the criteria and mechanisms that govern the conditions for accessing financing and international development cooperation. Given the challenges related to financing for development, the region’s countries need to strengthen their capacities to mobilize resources and forge cooperation mechanisms based on metrics that reflect each country’s needs as well as their overall heterogeneity, ECLAC indicated during the Fourth International …

ECLAC: The World Urgently Needs a Pact for Inclusive Social Development

24 June 2025 | Press Release

It is urgently necessary to move towards a Pact for inclusive social development in the world, not only as a moral imperative but also to ensure economic progress and the stability of societies, the Economic Commission for Latin America and the Caribbean (ECLAC) asserted on the first day of the Fifth Regional Seminar on Social Development in Latin America and the Caribbean, where participants include government authorities, globally renowned specialists, senior officials from the United Nations system and representatives of civil society. The three-day gathering was inaugurated by Jo…

Countries Urge for Strengthening International Development Cooperation by Promoting Innovative Mechanisms that Go Beyond Traditional Graduation Criteria

18 June 2025 | Press Release

Latin American and Caribbean country representatives advocated today for strengthening international cooperation for development, promoting innovative mechanisms that would go beyond the traditional graduation criteria based on per capita income, and stressed the importance of considering multidimensional or vulnerability indicators that more accurately reflect the challenges faced by the region. At the closing segment of the Second Session of the Regional Conference on South-South Cooperation in Latin America and the Caribbean – which was held at the main headquarters of the Economic Com…

International Cooperation is Essential for Building a More Productive, Inclusive, Sustainable, Just and Resilient Future in Latin America and the Caribbean

17 June 2025 | Press Release

International cooperation is a tool for solidarity, but it is also a structural necessity for building a more productive, inclusive, sustainable, just and resilient future in Latin America and the Caribbean, according to the authorities participating today in the Second Session of the Regional Conference on South-South Cooperation in Latin America and the Caribbean, which is taking place through Wednesday, June 18 at the main headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile. This intergovernmental event – which brings together represen…

The Mexican Government and ECLAC Signed a Headquarters Agreement Confirming the XVI Regional Conference on Women in Latin America and the Caribbean Will Be Held in August

13 June 2025 | Press Release

In the presence of senior authorities from the Government of Mexico and the Economic Commission for Latin America and the Caribbean (ECLAC), the headquarters agreement for holding the XVI Regional Conference on Women in Latin America and the Caribbean on August 12-15 in Mexico City was signed this Friday, June 13, at the Tlatelolco University Cultural Center. Participating in the ceremony were the Undersecretary of Foreign Affairs of Mexico, María Teresa Mercado; the Executive Secretary of ECLAC, José Manuel Salazar-Xirinachs; the country’s Secretary for Women, Citlalli Hernández; and the…

Maria da Conceição Tavares School of Government and Development is Inaugurated with a Call to More Effectively Manage the Vital Transformations Needed to Move Towards a More Productive, Inclusive and Sustainable Development Model

9 June 2025 | Press Release

In Rio de Janeiro today, authorities inaugurated the first edition of the Maria da Conceição Tavares School of Government and Development, a training initiative that pays tribute to the legacy of one of Latin America’s most important female economists and represents a milestone in historical cooperation between the Brazilian National Bank for Economic and Social Development (BNDES) and the Economic Commission for Latin America and the Caribbean (ECLAC). The training aims to strengthen technical and strategic capacities for development in the region. It seeks to offer a curriculum tailored…

The Bahamas Joins the Region’s First Environmental Treaty

5 June 2025 | Press Release

(Nassau/Santiago, 5 June 2025) The Honourable Prime Minister Philip Edward Davis KC, MP announced today the accession of the Commonwealth of the Bahamas to the Regional Agreement on Access to Information, Public Participation and Justice in Environmental Matters in Latin America and the Caribbean (“Escazú Agreement”). The Bahamas is the ninth CARICOM Member State to become a Party to such treaty and the 18th in the region, reinforcing its climate leadership and strong support to environmental multilateralism. “Every Bahamian has the right to a safe and clean environment. Our accessio…

Fiscal Policy is a Key Tool for Driving the Structural Transformations Needed in Latin America and the Caribbean

28 May 2025 | Press Release

The XXXVII Regional Seminar on Fiscal Policy came to a close this Wednesday at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, with a call by participating authorities and experts to mobilize financing in order to expand fiscal space in the region’s countries. More than 80 people attended this traditional event – organized by ECLAC with the sponsorship of the Spanish Agency for International Development Cooperation (AECID) and with the support of the Inter-American Development Bank (IDB) Group, the Organisation for Economic Co-op…

Tax Revenues in Latin America and the Caribbean Fell in 2023 as Commodity Prices Weakened

27 May 2025 | Press Release

Tax revenues in Latin America and the Caribbean (LAC) decreased as a share of GDP in 2023 amid a slowdown in economic activity in the region and a decline in global commodity prices, according to a new report. Revenue Statistics in Latin America and the Caribbean 2025, released today at the UN-ECLAC 37th Regional Fiscal Seminar in Santiago, Chile, shows that the average tax-to-GDP ratio in the LAC region was 21.3% in 2023. This was 0.2 percentage points (p.p.) below the level in 2022 and slightly below the level prior to the COVID-19 pandemic (21.4% in 2019). Tax-to-GDP ratios i…

Countries that Make Up the Regional Platform for Tax Cooperation in Latin America and the Caribbean Hold their Ministerial Council Meeting at ECLAC

26 May 2025 | Press Release

Authorities from the countries that make up the Regional Platform for Tax Cooperation in Latin America and the Caribbean (PTLAC) met today at the central headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, where the second Meeting of this regional initiative’s Council of Ministers of Treasury, Economy and Finance took place. There, the PTLAC members supported the motion for Brazil to serve as pro tempore chair of the Platform, taking over from Chile, which had assumed this responsibility during the 2024-2025 period. The Secretary of Econ…

Cooperatives are Called On to Play a Leading Role in Latin America and the Caribbean’s Productive Transformation

12 May 2025 | Press Release

Cooperatives are a strategic actor in the international economy and are called on to play an even more leading role in the productive transformation of Latin America and the Caribbean and in the efforts to achieve more inclusive and sustainable development in the region, according to authorities and other representatives present at the inauguration of an event entitled International Year of Cooperatives 2025: Cooperatives build a better future by promoting productivity, inclusion and territorial development, which is taking place this Monday, May 12 and Tuesday, May 13 at the headquarters…

ECLAC Downwardly Revises Growth Projections for Latin America and the Caribbean in 2025

29 April 2025 | Press Release

The Economic Commission for Latin America and the Caribbean (ECLAC) downwardly revised its growth projection for the region’s economies in 2025. According to new estimates released today, the United Nations organization forecasts that the region will grow 2.0% on average this year, which is four-tenths lower than what was projected in December 2024. By subregion, the downward revision is greater for the Caribbean (eight-tenths lower, excluding Guyana) and for Central America and Mexico (seven-tenths lower) than it is for South America, where the downward revision is just one-tenth. The growth …

Authorities Analyze Progress in the Use of Artificial Intelligence in Latin American and Caribbean Countries’ Official Statistics

29 April 2025 | Press Release

Authorities from Latin America and the Caribbean discussed progress today on the use of artificial intelligence in the official statistics of the region’s countries, at the twenty-fourth meeting of the Executive Committee of the Statistical Conference of the Americas of ECLAC, which is taking place virtually through Wednesday, April 30. Participating in this event are representatives of national statistics offices from the region, regional and international organizations, and United Nations agencies, funds and programs, among other stakeholders. The meeting was inaugurated by José Manuel …

International Mother Earth Day: ECLAC and Uruguay Reaffirm their Commitment to Environmental Democracy and Implementation of the Escazú Agreement

22 April 2025 | Press Release

Santiago / Montevideo, April 22, 2025. On the occasion of International Mother Earth Day and the fourth anniversary of the entry into force of the Regional Agreement on Access to Information, Public Participation and Justice in Environmental Matters in Latin America and the Caribbean (Escazú Agreement), the Economic Commission for Latin America and the Caribbean (ECLAC) and the Government of Uruguay – in its capacity as Chair of the Presiding Officers of the Agreement – released a joint open letter today to renew their call for strengthening environmental democracy in the region. The…

ECLAC Expresses its Sorrow over Pope Francis’s Death and Pays Tribute to his Legacy in Support of Social Justice and Universal Brotherhood

21 April 2025 | Press Release

The Economic Commission for Latin America and the Caribbean (ECLAC) deeply laments the death of His Holiness Pope Francis, the first Latin American Pontiff, and extends its condolences to the Holy See, the Catholic people and all those who found ethical and humanistic guidance for building a more just world in his message. Pope Francis stood out for his strong commitment to social justice, human dignity and the fight against inequality – values that we in the United Nations system fully share. His teachings had a profound impact in Latin America and the Caribbean, the region in which he …

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