This document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments (first nine months of 2020 in times of COVID-19) concerning capital flows to Latin America and the Caribbean.…
En el presente documento se ofrece un análisis de las economías de Centroamérica (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua y Panamá) y la República Dominicana (CARD) durante 2019 y los primeros meses de 2020 y perspectivas para el resto del año.…
This overview examines the economic performance of economies of the Caribbean in 2019 and comprises four chapters. The first chapter provides a comparative analysis across Caribbean economies of the main macroeconomic variables, namely GDP growth, monetary indicators, as well as fiscal and external accounts. The second chapter looks at areas of focus in the Caribbean. The third chapter concludes, while the annex includes individual country briefs that give an overview of the economic situation for the Bahamas, Barbados, Belize, Guyana, Jamaica, Suriname and a subregional assessment of the coun…
Highlights • In the first quarter of 2020, the spread of the coronavirus, together with a precipitous decline in commodity prices, radically changed the financial landscape for Latin American and Caribbean (LAC) issuers. After a record breaking issuance of US$ 38 billion worth of bonds in January, bond issuance dried-up in February and March, bringing total quarterly issuance to US$ 45 billion. • On March 26, however, Panama successfully placed a sovereign bond in cross-border markets to secure additional resources to combat the COVID-19 pandemic. It was followed in April by other four soverei…
The report Capital Flows to Latin America and the Caribbean: 2019 Year-in-Review, recently released by ECLAC’s Office in Washington D.C., reviews the main 2019 trends in capital flows to the region. According to the study, lowering global interest rates supported Latin American and Caribbean (LAC) bond activity in 2019. Borrowers enjoyed easy financing conditions, as interest rate cuts from the U.S. Federal Reserve and the European Central Bank allowed them to issue foreign currency denominated bonds at increasingly low rates. Mexican, Brazilian and Chilean borrowers were the main contributor…
El informe Flujos de capital hacia América Latina y el Caribe. Resumen del año 2019 (disponible solo en inglés), difundido recientemente por la Oficina de la CEPAL en Washington, repasa las principales tendencias de 2019 respecto de los flujos de capital hacia la región. Según el estudio, las tasas de interés globales a la baja apoyaron la actividad de bonos en América Latina y el Caribe en 2019. Los prestatarios gozaron de condiciones de financiamiento fáciles, ya que las reducciones en las tasas de interés hechas por la Reserva Federal de los Estados Unidos y el Banco Central Europeo permiti…
O relatório Fluxos de capital para a América Latina e o Caribe. Resumo de 2019 (disponível somente em inglês), difundido recentemente pelo Escritório da CEPAL em Washington, examina as principais tendências dos fluxos de capital para a região em 2019. Segundo o estudo, as taxas de juros globais em queda apoiaram a emissão de títulos da América Latina e do Caribe em 2019. Os mutuários desfrutaram de condições de financiamento fáceis, já que as reduções nas taxas de juros feitas pela Reserva Federal dos Estados Unidos e pelo Banco Central Europeu permitiram que emitissem títulos denominados em m…
These are the main highlights of the Capital Flows to Latin America 2019 Year-in-Review edition: • In 2019, international bond issuance from Latin America and the Caribbean (LAC) increased and bond spreads tightened, but credit quality continued to deteriorate although at a slower pace relative to 2018. • Lowering global interest rates brought issuance volume up in the region. Total LAC debt issuance in international markets in 2019 was US$ 119 billion, 26% higher than in 2018. • Mexican, Brazilian and Chilean borrowers were the main contributors to the region’s performance. Together they were…
This survey examines the economic performance of economies of the Caribbean in 2018 and comprises six chapters. The first chapter gives an overview of global, regional and subregional economic performance as well as unemployment in the Caribbean. The second provides an analysis of governments in the subregion’s fiscal performance and debt burden. The third looks at monetary policy and variables. The fourth is focused external sector and its factors. The fifth chapter concludes, while the final chapter includes individual country briefs that give an overview of the economic situation for the Ba…
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