Against the backdrop of low global interest rates and borrowing costs, bond issuances in international markets by Latin American and Caribbean countries totalled US$ 124 billion in the first nine months of 2021, up 6% from the year-earlier period. Of this total, almost US$ 40 billion (31.5%) were issued to finance environmental, social and governance (ESG) projects and strategies. Sustainability-linked bonds were the region’s most frequently used ESG instrument.
Capital flows to Latin America and the Caribbean: first nine months of 2021 presents and analyses the developments concerning capital…
Foreign Direct Investment (FDI) is at the center of the recovery plan in the aftermath of the pandemic, particularly to promote the creation of formal jobs and reactivate economic activity, said Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), during a high-level seminar organized by Mexico’s National Institute of Statistics and Geography (INEGI).
The meeting entitled Measuring quality in Foreign Direct Investment: challenges and opportunities brought together distinguished specialists from multilateral organizations such as the Intern…
La Inversión Extranjera Directa (IED) está en el centro del plan de recuperación pospandemia, particularmente para promover la creación de empleos formales y reactivar la actividad económica, señaló hoy Alicia Bárcena, Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), durante un seminario de alto nivel organizado por el Instituto Nacional de Estadística y Geografía (INEGI) de México.
El encuentro, titulado Measuring quality in Foreign Direct Investment: challenges and opportunities (Medir la calidad en la Inversión Extranjera Directa: desafíos y oportunidad…
Os temas dos investimentos estrangeiros e seus impactos sobre o desenvolvimento econômico são centrais a todo modelo de políticas públicas. Não existe, ainda, no sistema internacional econômico, uma organização que se ocupe do amplo tema dos investimentos. A Organização Mundial de Comércio (OMC) trata do tema apenas parcialmente no Acordo sobre Serviços, no seu modo de prestação comercial de serviços no âmbito doméstico, quando o fornecedor é estrangeiro. Os acordos preferenciais tratam do tema em mais detalhes, mas estes acabaram criando uma séria fragmentação nas regras. A Organização para a…
This article assesses the importance of using the Grubel-Lloyd (GL) index as a tool to reveal trends in foreign direct investment (FDI). The index was developed to further the study of a fundamental question in international political economy: how FDI affects economies, whether individual or regional, and becomes a general framework
indicator of regional behaviour. The index is applied to the four largest economies in Latin America (Argentina, Brazil, Chile and Mexico) in the period 1995–2016, with a view to demonstrating the importance of FDI for the region. However, the “behaviour” of FDI ma…
En este artículo se evalúa la importancia del índice Grubel-Lloyd como herramienta para revelar las tendencias de la inversión extranjera directa (IED). El índice se desarrolló para avanzar en el estudio de una cuestión fundamental en la economía política internacional: cómo la IED afecta a las economías individuales o regionales, y se convierte en un indicador marco general del comportamiento regional. El índice se aplica a las cuatro mayores economías de América Latina (Argentina, Brasil, Chile y México) en el período 1995-2016, a fin de demostrar la importancia de la IED para la región. Sin…
Latin American and Caribbean debt issuers reached a historic milestone in the first quarter of 2021, with the highest quarterly issuance on record (US$ 52 billion) in international bond markets. Including April, regional bond issuance in international markets totalled US$ 65.5 billion in the first four months of 2021. In addition, green, social and sustainability bond issuance reached a new high of US$ 16.6 billion at the end of April, which included a surge in sustainability-linked bonds.
Capital Flows to Latin America and the Caribbean: First four months of 2021 presents and analyses the dev…
La pandemia provocada por el coronavirus del síndrome respiratorio agudo grave de tipo 2 (SARS-CoV-2) es un hecho que marcará un antes y un después en el mundo —y, de manera muy específica, en el ámbito del régimen de acumulación prevaleciente a escala mundial— y que ha evidenciado la necesidad de pensar en transformaciones de fondo acordes con la lógica de un cambio de época. El objetivo del presente estudio es examinar los distintos regímenes de acumulación, es decir, las diferentes modalidades históricas que ha asumido la acumulación de capital en México desde la consolidación del capitalis…
This survey examines the economic performance of economies of the Caribbean in 2019 and the first half of 2020 and comprises six chapters. The first chapter gives an overview of global, regional and subregional economic performance in the Caribbean. The second provides an analysis of the subregion’s fiscal performance and debt burden. The third looks at monetary policy and their imapcts. The fourth is focused on the external sector. The fifth chapter focuses on the COVID-19 lockdown measures implemented globally as well as in Caribbean countries and their impact on the tourism and energy secto…
Capital flows to Latin America and the Caribbean: 2020 year-in-review in times of COVID-19 presents and analyses the developments concerning capital flows to Latin America and the Caribbean in 2020. This report is published three times a year and provides an overview of bond issuances from Latin American and Caribbean issuers, including of green, social and sustainability bonds, as well as bond spreads and credit ratings.…
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…
United Nations