Essential elements of the ECLAC Caribbean Resilience Fund : a segregated portfolio trust fund. Policy Brief
21 Dec 2021
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Publication
Work area(s)
Topic(s)
Climate change
COVID-19
Disasters
Economic growth
Financial and monetary sector
Financing and external debt
Financing for development
Fiscal affairs
Foreign direct investment
Planning
Industrial development
Infrastructure
International cooperation
International trade
Investment
Macroeconomics
Micro, small and medium-sized enterprises (MSMEs)
Middle-income countries
Monitoring of international/regional agreements
Productivity
Public policies
Sustainable development
Trade policy and trade agreements
Value chains
Microeconomics
Foresight
Essential elements of the ECLAC Caribbean Resilience Fund : a segregated portfolio trust fund. Policy Brief
- Publication type: ECLAC Subregional Headquarters for the Caribbean (Studies and Research Papers)
- Publication corporate author (Institutional author): NU. CEPAL. Sede Subregional para el Caribe
- Physical description: 10 páginas.
- Publisher: ECLAC, Subregional Headquarters for the Caribbean
- UN symbol (Signature): LC/CAR/2021/12
- Date: 21 December 2021
Abstract
Declining economic growth and competitiveness, the impact of the 2007–2009 global financial crisis, and the challenge of climate change and extreme weather events have hindered the sustainable development of Caribbean economies, the generation of sustained welfare gains and the achievement of key Sustainable Development Goals (SDGs). Moreover, the COVID-19 pandemic has exacerbated the subregion’s vulnerability to the vagaries of global aggregate demand and commodity prices, which have largely driven the subregion’s debt upwards and dampened economic growth before its onset, compromising its economic performance and further decelerating the subregion’s growth in 2020.