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Methodology for the 2021 cycle of the International Comparison Programme for Latin America and the Caribbean
The 2021 cycle of the International Comparison Programme (ICP) reflects the commitment of the Economic Commission for Latin America and the Caribbean (ECLAC) to strengthening the region’s statistical systems and ensuring the Programme’s continuity, in keeping with the guidelines of the International Comparison Programme Global Office of the World Bank. Among the entities tasked with compiling economic data, ECLAC covers the third-highest number of countries and territories, although the region accounts for just 7.3% of global GDP. This was a significant challenge, all the more so given the con…
Recent experiences in implementing integrated national financing frameworks for Latin American and Caribbean countries
This document analyses the contributions made in the region by integrated national financing frameworks (INFFs). It highlights their potential to make it easier to finance the SDGs and other national priorities, expediting resource mobilization and the alignment of public policies. Examples in the region include Colombia, where budget tagging was implemented and tools were created to engage the private sector; Costa Rica, where support was provided to develop a framework for issuing sovereign sustainable bonds; and the Dominican Republic, where efforts have been made to identify financial gaps…
The Care Society: Governance, Political Economy and Social Dialogue for a Transformation with Gender Equality
Building the care society is a vital transformation for substantive equality, sustainable development and peace. This paradigm prioritizes the sustainability of life and of the planet, and recognizes care as a need, a right, a public good and as crucial work to boost the economy. It also establishes a synergistic interdependence among people, the environment, and economic and social development. Governments now have a prime opportunity to drive this transformation and address a growing care crisis —exacerbated by population ageing and climate change effects— that far surpasses existing capaci…
Economic Survey of Latin America and the Caribbean, 2025: resource mobilization to finance development. Executive summary
The countries of Latin America and the Caribbean must urgently step up resource mobilization for development to avoid a third lost decade, amid a challenging and grim global landscape. This edition of the Economic Survey for Latin America and the Caribbean summarizes the key messages presented by the Economic Commission for Latin America and the Caribbean (ECLAC) —along with the countries of the region— at the Fourth International Conference on Financing for Development, held in Seville, Spain, in 2025. This Economic Survey analyses three key dimensions of resource mobilization: fiscal and str…
The right to care in Latin America and the Caribbean: progress on the regulatory front
The human right to care is essential for the sustainability of life and the planet and is one of the human rights recognized by international covenants and treaties as applying to everyone. As the Buenos Aires Commitment (2022) states, the right to care is based on the principles of equality, universality and social and gender co-responsibility. This right, whose foundations also include non-discrimination, progressiveness and interdependence, recognizes the value of care work and secures the rights of those requiring and providing care, as well as the right to exercise self-care. This means m…
Assessment of the effects and impacts of Hurricane Beryl on Barbados, 2024
Hurricane Beryl was the first major hurricane of the 2024 Atlantic season and the earliest-forming category 5 hurricane on record. It impacted Barbados as a category 3 storm while passing approximately 150 km south of the island, generating large swells and waves that affected the island’s south and west coasts. While the storm caused only moderate damage to basic infrastructure and did not trigger a humanitarian crisis, it caused substantial damage to coastal assets. The storm’s overall effects were estimated at 193 million Barbados dollars, equivalent to 0.15% of the country’s GDP. Damage ac…
Global overview of experiences in fintech development and administration: interim report on the fintech regulatory environment in Aruba
This interim report assesses Aruba's potential to leverage fintech, distributed ledger technology and artificial intelligence, by examining the current state of digital regulation on the island. It provides an in-depth overview of the fintech regulatory environment in Aruba, assessing key legislative and institutional frameworks that support digital financial services. In particular, it reviews the regulatory frameworks related to telecommunications, banking, finance and competition management, highlighting the impact of these regulations on business sentiment and investment appetite. The…
Global overview of experiences in fintech development and administration: interim report on trends in fintech sector development in OECD countries and SIDS
This interim report explores the transformative impact of fintech on global financial markets. It delves into the evolution of fintech from its early stages to the present day, highlighting key innovations such as digital banking, cryptocurrencies and artificial intelligence-driven financial services. The report provides an in-depth analysis of international best practices, regulatory frameworks and the role of government and private sector partnerships in fostering a thriving fintech ecosystem. In particular, the report underscores the importance of regulatory frameworks addressing foreign ex…
Recommendations for fintech sector development and leveraging of artificial intelligence and blockchain technology in Aruba
This report presents strategic recommendations for the development of Aruba's fintech sector with a focus on leveraging artificial intelligence and distributed ledger technologies. It evaluates Aruba's readiness in the information and communications technology (ICT) sector and the financial sector, comparing key indicators against counterparts in the region, including Curaçao, Jamaica, Trinidad and Tobago and the Kingdom of the Netherlands. The report highlights strenaths, such as stable democratic traditions, high education levels and a robust banking sector, and weaknesses, such as…
Global overview of experiences in fintech development and administration: interim report on stakeholder perspectives regarding fintech and blockchain opportunities and risks in Aruba
This interim report provides a comprehensive overview of stakeholder perspectives on the opportunities and risks associated with the development and administration of fintech, distributed ledger technology and artificial intelligence in Aruba. The Government of Aruba aims to diversify its economy away from its reliance on tourism by developing its information and communications technology (ICT) sector. The report is based on consultations with stakeholders from the public and private sectors, civil society and academia, conducted during an on-site mission in February 2025. Key findings highlig…
Foreign Direct Investment in Latin America and the Caribbean, 2025. Executive summary
The Economic Commission for Latin America and the Caribbean (ECLAC) presents the 2025 version of its annual report Foreign Direct Investment in Latin America and the Caribbean amid global uncertainty and high geopolitical tension, which are worsening the three development traps facing the region: low capacity for growth; high inequality and low social mobility and cohesion; and weak institutional capacities and ineffective governance. Foreign direct investment (FDI) guided by productive development policies could address these challenges. The first chapter provides an overview of global and r…
National economic development plans and their contributions to climate goals under the Paris Agreement
Countries often count greater growth, economic development and the fight against poverty and inequality among their priorities, but they also face global challenges related to climate action and the Paris Agreement. In this regard, economic development plans should be aligned with emissions reduction and climate resilience objectives. This report presents an analysis of the extent to which elements of Paris Agreement climate commitments (focusing on nationally determined contributions) are represented in selected national green economic development plans of Group of 20 economies. Ultimately, t…
Anticipatory governance and legislative foresight: an imperative for Latin America and the Caribbean
Latin America and the Caribbean is facing three development traps: low capacity for growth, one of high inequality, low social mobility and weak social cohesion, and one of low institutional capacity and ineffective governance. This publication highlights the urgent need to implement anticipatory governance to overcome these challenges, promoting the establishment of parliamentary committees of the future, inspired by models in the European Union, Finland, Singapore, Chile and Uruguay, which seek to anticipate risks and opportunities through tools such as strategic foresight, long-term plannin…
Climate change and monetary policy in Latin America and the Caribbean
Climate change poses significant challenges to economic stability, particularly in vulnerable regions such as Latin America and the Caribbean (LAC). This paper examines the macroeconomic and monetary policy implications of climate risks in the region, focusing on both physical and transition risks. Physical risks, including extreme weather events and long-term climate shifts, disrupt productivity, infrastructure, and supply chains, intensifying inflationary pressures and hindering economic growth. Transition risks, driven by the shift to a low-carbon economy, impact key industries and labor ma…
Time use and the academic performance gender gap among middle school and high school students: evidence from Brazil
This article analyses the influence of time use in various extracurricular activities, such as household chores, paid work, leisure activities and private study, on the gender gap in literacy and mathematics among middle school and high school students in Brazil in 2021, amid the coronavirus disease (COVID-19) pandemic. The Oaxaca-Blinder decomposition is used, enabling results to be broken down to evaluate how structural factors —in particular time use across these activities— affect student performance in Brazil. Our results indicate that unobserved effort in the activity influences performa…
Statistics and indicators related to climate change in Latin America and the Caribbean
The demand for environmental, climate change and disaster statistics is increasing, both in the context of international agreements, such as the 2030 Agenda for Sustainable Development, the Sendai Framework for Disaster Risk Reduction and the Paris Agreement, and at the national level. National-level demand is linked to the preparation of reports to the Intergovernmental Panel on Climate Change (IPCC), plans and programmes related to development and other specific areas, national adaptation plans and climate change policies. With the adoption of the Paris Agreement in 2015, the United Nat…
Guidelines and action plan for mainstreaming the gender perspective in international development cooperation in Latin America and the Caribbean
This document, Guidelines and action plan for mainstreaming the gender perspective in international development cooperation in Latin America and the Caribbean, is intended as a guide and a conceptual and methodological tool for orienting and promoting gender mainstreaming in the different phases, processes and modalities of international development cooperation (see diagram 1) and thus, it is hoped, contributing to efforts to overcome the development challenges faced by the region and strengthening regional efforts to achieve gender equality. This document was prepared between 2024 and 2…
The circular economy opportunities for wastewater treatment systems in Latin America and the Caribbean
There is abundant evidence of the benefits ––which include the ability to make use of by-products such as water, nutrients, biosolids and energy–– of integrating circular economy principles into drinking water supply and wastewater treatment systems. However, despite the environmental and social returns that it affords, this approach is not recognized as a profitable option for sanitation utilities. The study also highlights the importance of building water and sanitation utilities' technical, operational, policy-based and forward-planning capacities. The present challenge is therefore to…
Towards mainstreaming the gender perspective in statistical production in Latin America and the Caribbean
The Latin American and Caribbean countries have made progress towards mainstreaming the gender perspective in official statistical production, in line with the agreements adopted in the Regional Gender Agenda. At the thirteenth session of the Regional Conference on Women in Latin America and the Caribbean, held in 2016, the governments of the region agreed to “transforming data into information, information into knowledge and knowledge into political decisions” in pillar 9 of the Montevideo Strategy for Implementation of the Regional Gender Agenda within the Sustainable Development Framework …
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