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The Value of Goods Exports from Latin America and the Caribbean Will Grow by 4% in 2024: New Report by ECLAC

23 October 2024 | Press Release

After falling by 1% in 2023 in a context of contracting global trade, regional goods exports will recover in 2024, the Economic Commission for Latin America and the Caribbean (ECLAC) indicated today upon releasing a new edition of its annual report on the region’s foreign trade. The report International Trade Outlook for Latin America and the Caribbean 2024: Reconfiguration of global trade and options for regional recovery was presented today at a press conference by ECLAC’s Executive Secretary, José Manuel Salazar-Xirinachs. According to the document, the value of the region’s goods exports w…

ECLAC and PAHO Call for Prioritizing Investment in Health to Reduce Inequality and Achieve the SDGs in Latin America and the Caribbean

21 October 2024 | Press Release

The Economic Commission for Latin America and the Caribbean (ECLAC) and the Pan American Health Organization (PAHO) today urged the countries of the region not to sideline health on the public agenda during the current post-pandemic period. Investment in this sector should be a priority, both because of the duty to ensure the population's right to health and because of its fundamental role in achieving inclusive social development in Latin America and the Caribbean, they stated in a new joint report. Six years away from the deadline for fulfilling the 2030 Agenda for Sustainable Development, …

Governments from Latin America and the Caribbean Endorse ECLAC’s Recommendations for Achieving the Transformations that the Region Needs

11 October 2024 | Press Release

The Fortieth Session of the Economic Commission for Latin America and the Caribbean (ECLAC) concluded today in Lima, Peru, with Member States and associate members recognizing and endorsing the proposals and recommendations presented by the organization for achieving more productive, inclusive and sustainable development in the region. At this three-day event – which is the United Nations regional commission’s most important gathering, held every two years – ECLAC shared its vision with the delegations of the 36 countries in attendance regarding the traps affecting Latin America and the Caribb…

Countries Confirm their Commitment to More Productive, Inclusive and Sustainable Development for Latin America and the Caribbean

9 October 2024 | Press Release

Representatives of Latin American and Caribbean countries reaffirmed their commitment today to more productive, inclusive and sustainable development at the inauguration of the Fortieth Session of ECLAC, which is taking place through Friday, October 11 in Lima, Peru. During the opening segment of its most important biennial meeting, the Economic Commission for Latin America and the Caribbean (ECLAC) invited governments and societies in the region to rethink, reimagine and transform with a forward-looking and long-term vision in order to build the future using strengthened, anticipatory governa…

ECLAC Invites Countries to Rethink, Reimagine and Transform Latin America and the Caribbean’s Development Models

8 October 2024 | Press Release

Latin America and the Caribbean needs to undertake profound transformations to overcome the development crisis in which it is immersed and which is occurring in an uncertain international context, posing challenges as well as opportunities for the region. To that end, ECLAC has identified 11 vital transformations and offers guidelines on how to manage them. This is an invitation to countries to converse not only about what to do but also how to manage the necessary transformations that would make a real difference in shifting development towards greater growth, productivity, inclusivity and su…

Latin American and Caribbean Governments and International Cooperation Urge More Investment in Education

25 September 2024 | Press Release

NEW YORK, 25 September 2024 – On the sidelines of the 79th session of the United Nations General Assembly and the Summit of the Future, the governments of the Dominican Republic and Chile, together with multilateral organizations, made an urgent call to increase financing for education in Latin America and the Caribbean. The call to action, supported by UNICEF, UNESCO, ECLAC, the Inter-American Development Bank (IDB), the World Bank, the Development Bank of Latin America and the Caribbean (CAF), the Organization of Ibero-American States (OEI), the Latin American Campaign for the Right to Educ…

Latin American Artificial Intelligence Index (ILIA) Reconfirms Chile, Brazil and Uruguay as Leaders in the Region

24 September 2024 | Press Release

Chile’s National Center for Artificial Intelligence (CENIA) and the Economic Commission for Latin America and the Caribbean (ECLAC) presented on Tuesday, September 24, 2024 the results of the 2nd edition of the Latin American Artificial Intelligence Index (ILIA 2024), a study led by CENIA that this year evaluated the situation in 19 of the region’s countries, measuring each one’s level of preparation in relation to artificial intelligence (AI). Of the ILIA’s maximum number of points (100 points), Chile obtained the top spot in the ranking, with 73.07 points, followed by Brazil (69.30) and Urug…

Towards a Society for All Ages: Building Solidarity and Equity across Generations

21 September 2024 | Press Release

The five Regional Commissions of the United Nations and the Permanent Mission of Chile organized during the Action Days of the Summit of the Future in New York the side-event entitled: “Towards a society for all ages: building solidarity and equity across generations”. On the occasion the Regional Commissions launched their joint policy brief on ‘intergenerational relations, creating a world for all ages so that no one is left behind’, which offers recommendations to address the social and economic challenges and opportunities of demographic shifts towards multigenerational societies across th…

ECLAC Executive Secretary: Road to Caribbean Sustainable Development not Easy, ECLAC Here to Support… T&T Elected Chair of Caribbean Development and Cooperation Committee

11 September 2024 | Press Release

ECLAC Executive Secretary José Manuel Salazar-Xirinachs is warning that the road to sustainable development in the Caribbean is long and difficult, and is urging Caribbean countries, member States of the Caribbean Development and Cooperation Committee (CDCC) to make full use of the research and development support that ECLAC provides. ES Salazar notes that the Caribbean is on track to achieve only 20 per cent of the Sustainable Development Goals’ targets by 2030. He was speaking at the opening ceremony of the 30th session of the CDCC in Port-of-Spain, as Trinidad and Tobago’s Minister of Plann…

ECLAC Executive Secretary: Reconceptualize Economy for Improved Growth and Sustainable Development in the Caribbean… SKN Prime Minister Envisions a Sustainable Island State

10 September 2024 | Press Release

ECLAC Executive Secretary Jose Manuel Salazar-Xirinachs recommends embracing a new vision for productive development policies in the Caribbean. Executive Secretary Salazar-Xirinachs was delivering remarks at the opening ceremony of the Eighth Caribbean Development Roundtable (CDR) in Port-of-Spain, Trinidad and Tobago on Monday. Over the course of two days, the CDR features discussions among 23 Caribbean countries on the topics of confronting climate change; operationalizing the multidimensional vulnerability index; improving access to climate finance; improving productive development policy; …

ECLAC Calls for Scaling Up and Improving Productive Development Policies to Escape the Trap of Low Capacity for Growth in which Latin America and the Caribbean is Mired

5 September 2024 | Press Release

To be able to surmount the trap of low capacity for growth in which the region is mired and avert a third lost decade, the Economic Commission for Latin America and the Caribbean (ECLAC) is calling on countries to scale up and improve productive development policies (PDPs) that would foster the productive transformation and growth in productivity of their economies. This is according to ECLAC’s new flagship document Panorama of Productive Development Policies in Latin America and the Caribbean, 2024: How can the region advance the great productive transformation it needs?, the first edition of…

Authorities Discuss the Future of Statistical Production in the Region and Reaffirm its Relevance for Addressing Emerging Needs and Global Challenges

28 August 2024 | Press Release

Authorities from Latin America and the Caribbean discussed the future of statistical production in the region and reaffirmed its relevance for addressing emerging needs and global challenges, at the twenty-third meeting of the Executive Committee of the Statistical Conference of the Americas of ECLAC (SCA-ECLAC), which was inaugurated today at the central headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile. Participating in the two-day gathering are representatives of national statistical offices from the region, regional and international org…

Poor Investment Performance, Low Labor Productivity and Limited Fiscal Space Keep Latin America and the Caribbean in a Trap of Low Economic Growth

13 August 2024 | Press Release

ECLAC released today a new edition of its annual report Economic Survey of Latin America and the Caribbean 2024: Low-growth trap, climate change and employment trends, in which it stresses that the region remains stuck in a trap of low growth accompanied by poor investment performance and low labor productivity, which is compounded by limited domestic space for implementing macroeconomic policies for a reactivation as well as global uncertainty. The report – one of this United Nations regional economic commission’s most important – was presented in Santiago, Chile at a press conference led by …

ECLAC: Foreign Direct Investment in Latin America and the Caribbean Fell by 9.9% in 2023, but Amount Received is Above the Average in the Last Decade

1 August 2024 | Press Release

In the context of a second straight year of declines in global Foreign Direct Investment (FDI) flows, Latin America and the Caribbean in 2023 received $184.304 billion dollars in FDI, a figure that is 9.9% below what was recorded in 2022 but is still above the average notched in the last decade, the Economic Commission for Latin America and the Caribbean (ECLAC) reported today. The weight of Foreign Direct Investment inflows as a share of the region’s GDP also declined: in 2023, it represented 2.8%. However, the region’s participation in global FDI flows (14%) was higher than the average perce…

The Montevideo Consensus on Population and Development Contributes to Laying the Foundations for People-Centered Sustainable Development in the Region, with Equality and a Human Rights Perspective

4 July 2024 | Press Release

The Montevideo Consensus on Population and Development contributes to laying the foundations for people-centered sustainable development with equality and a human rights, gender, race and ethnicity, disability, and intercultural perspective, taking into account migration status, according to the authorities and delegates from 21 Latin American and Caribbean countries, from United Nations agencies, and regional, multilateral and civil society organizations gathered today at the closing segment of the Fifth Session of the Regional Conference on Population and Development. At this event – which d…

Authorities Reaffirm the Relevance of the Montevideo Consensus on Population and Development, a Regional Road Map for Achieving More Inclusive, Productive and Sustainable Development

3 July 2024 | Press Release

The Montevideo Consensus on Population and Development is more relevant than ever and is a critical regional road map for achieving more inclusive, productive and sustainable development in Latin America and the Caribbean, authorities and country delegates from the region reaffirmed today at the inauguration of the Fifth Session of the Regional Conference on Population and Development, which is taking place through Thursday, July 4 at the Convention Center in Cartagena de Indias, Colombia. At the opening session of this event – which has brought together more than 560 people, including represe…

ECLAC: The Private Sector is Called Upon to Be an Agent of Change for the Productive Transformation of the Latin America and Caribbean Economy

28 June 2024 | Press Release

The private sector is called upon to be an agent of change for the transformation of Latin America and the Caribbean’s economy, in the pursuit of more productive, inclusive and sustainable development for the region, playing an even more vital role in the framework of productive development policies, the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), José Manuel Salazar-Xirinachs, stated this Friday, June 28, at the inauguration of the Regional Dialogue: “The role of the private sector in the framework of a new vision for productive development poli…

It is an Opportune Time for Mexico to Design a Productive Development Policy: ECLAC

26 June 2024 | Press Release

Mexico is at the center of major productive and geopolitical changes that pose an opportunity for its economic, social and environmental development, Jorge Mario Martínez-Piva, Officer-in-Charge of the Subregional Headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Mexico, stated today. The world is undergoing a period of profound changes, and geopolitical tensions are leading to geoeconomic fragmentation. The leading economic powers are incentivizing a new generation of productive development policies and the relocation of their production and supply chains.…

ECLAC Calls for Comprehensive Policies to Address the Trap of High Inequality and Low Social Mobility in which Latin America and the Caribbean is Caught

25 June 2024 | Press Release

Latin America and the Caribbean needs to comprehensively address at least five factors underlying social inequality in the region, starting by increasing economic growth through new-generation productive development policies, the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), José Manuel Salazar-Xirinachs, sustained today at the inauguration of the Fourth Regional Seminar on Social Development “Social Protection and Inequality: Latin America and the Caribbean towards the Second World Summit for Social Development of 2025”, which is taking place thro…

Parliamentarians Analyze at ECLAC Challenges and Opportunities for Strengthening and Consolidating Committees of the Future in Latin America

20 June 2024 | Press Release

Parliamentary representatives from Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Mexico, Paraguay and Uruguay, along with more than 30 regional and international experts, gathered today at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile for the First Regional Conference of Parliamentary Committees of the Future. The event, which is taking place through Friday, June 21, is being organized by ECLAC with support from the Senate of the Republic of Chile and the Parliament of Uruguay. Its main objective is to incre…

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