The Economic Commission for Latin America and the Caribbean (ECLAC) proposed today in the framework of the climate conference in Paris a strategy to reduce the external public debt of English-speaking Caribbean countries that are considered to be Small Island Developing States (SIDS) through the creation of a regional resilience fund to finance climate change adaptation and mitigation measures.
This proposal was presented today by the Director of the regional organization’s Economic Development Division, Daniel Titelman, during an event organized by ECLAC in conjunction with the Commonwealth S…
La Comisión Económica para América Latina y el Caribe (CEPAL) propuso hoy en el marco de la conferencia sobre el clima en París una estrategia para reducir la deuda pública externa de los países del Caribe anglófono considerados pequeños Estados insulares en desarrollo a través de la creación de un fondo regional de resiliencia para financiar medidas de adaptación y mitigación al cambio climático.
Esta propuesta fue presentada hoy por el Director de la División de Desarrollo Económico del organismo regional, Daniel Titelman, durante un evento organizado por la CEPAL en conjunto con la Secretar…
This paper will contend that the post-2015 development agenda presents a major opportunity for Caribbean countries to reverse decades of lagging economic performance and make the transition to balanced, holistic, and people-centred growth and development.
The MDGs, while valuable in promoting gains in poverty reduction, health, education, nutrition, and maternal well-being were not tailored to the growth and development needs of the region. This can now be changed by a post-2015 development agenda which goes beyond improving the welfare of citizens by meeting basic needs and enhancing access t…
The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, today in Addis Ababa advocated boosting the mobilization of countries’ domestic resources to finance their development versus relying on flows that depend on external sources, such as Foreign Direct Investment (FDI) or Official Development Assistance (ODA).
The senior United Nations official spoke at a roundtable dedicated to analyzing policy coherence to ensure sustainable development, in the framework of the Third International Conference on Financing for Development, which is bein…
La Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, abogó hoy en Addis Abeba por potenciar la movilización de recursos internos de los países para financiar su desarrollo frente a los flujos dependientes del exterior, que proceden, entre otras fuentes, de la inversión extranjera directa (IED) o de la ayuda oficial al desarrollo (AOD).
La alta funcionaria de las Naciones Unidas intervino en una mesa redonda dedicada a analizar la coherencia de las políticas para asegurar un desarrollo sostenible, en el marco de la Tercera Conferencia Interna…
There is an urgent need to define new rules for financing sustainable development in the world, participants in the side event Regional Perspectives on Implementing an Ambitious, Transformative Sustainable Development Agenda agreed. The event was hosted on Tuesday, July 14 by the five United Nations regional commissions, of which ECLAC is one, in Addis Ababa, Ethiopia.
During the event—which took place in the framework of the Third International Conference on Financing for Development, being held through July 16 in Ethiopia—the U.S. economist and Nobel Prize winner Joseph Stiglitz called for “…
Urge definir nuevas reglas para el financiamiento del desarrollo sostenible en el mundo, coincidieron los participantes en el evento paralelo Perspectives on Implementing an Ambitious, Transformative Sustainable Development Agenda (Perspectivas sobre la implementación de una agenda de desarrollo sostenible ambiciosa y transformadora), organizado el martes 14 de julio por las cinco comisiones regionales de las Naciones Unidas, entre ellas la CEPAL, en Addis Abeba, Etiopía.
Durante el evento, que tuvo lugar en el marco de la Tercera Conferencia Internacional sobre Financiamiento para el Desarrol…
The Economic Commission for Latin America and the Caribbean (ECLAC) proposes debt relief for Caribbean countries on the part of multilateral credit institutions and the creation of a regional resilience fund, considering that this burden hinders the subregion’s economic and social progress as well as compliance with the Sustainable Development Goals (SDGs), which will be approved in September in New York.
This proposal will be made by ECLAC’s Executive Secretary, Alicia Bárcena, during the Third International Conference on Financing for Development, which will be held July 13-16 in Ethiopia.
E…
La Comisión Económica para América Latina y el Caribe (CEPAL) propone una condonación de la deuda de los países del Caribe por parte de las instituciones multilaterales acreedoras y la creación de un fondo regional de resiliencia, dado que se trata de un lastre que dificulta los avances económicos y sociales de la subregión y el cumplimiento de los Objetivos de Desarrollo Sostenible (ODS), que se aprobarán en septiembre en Nueva York.
Esta propuesta será planteada por la Secretaria Ejecutiva de la CEPAL, Alicia Bárcena, durante la Tercera Conferencia Internacional sobre Financiamiento para el …
Ministros y altos funcionarios de América Latina y el Caribe, junto al Premio Nobel de Economía Joseph Stiglitz y la Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, participarán en un evento sobre los desafíos que afronta la región para financiar su desarrollo, en el marco de la conferencia internacional sobre esta materia que tendrá lugar del 13 al 16 de julio en Addis Abeba, Etiopía.
El evento, que tratará sobre movilización doméstica de recursos y gobernanza financiera internacional desde la perspectiva de países de ingreso medio y pequ…
Ministers and senior officials from Latin America and the Caribbean, along with Nobel prize winning economist Joseph Stiglitz and the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, will participate in an event on the challenges faced by the region to finance its development, in the framework of the international conference on this matter that will take place on July 13-16 in Addis Ababa, Ethiopia.
The event, which will address the domestic mobilization of resources and the international financial governance from the perspective of mi…
This paper addresses some unintended consequences of global financial regulation and international tax evasion prevention and their impact on small economies. It explores how failure to recognize countries’ differing access to finance and varying costs of funding as well as the high costs of complying with financial regulations may overlook some unintended consequences, especially on smaller island countries
Then, it discusses the global financial architecture and governance of standard setting bodies and the actions taken to improve representation and legitimacy and remediate some of the unin…
The Deputy Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Antonio Prado, moderated a panel discussion at the Forum on the Future of the Caribbean on Thursday 7 May 2015, where he outlined important areas of focus for countries of the region, like the need to address the issue of debt relief in a sustainable manner and the possibility of mobilizing resources through diaspora bond issue and increased remittances.
The session, entitled Advocating innovative financing solutions, which examined opportunities that exist for domestic and international deve…
ECLAC’s Deputy Executive Secretary Antonio Prado signaled that if the Caribbean is to achieve equitable growth in an environmentally sustainable manner, critical challenges will have to be addressed, the most urgent of these being the high and unsustainable levels of public debt.
Speaking at the opening ceremony of the Forum on the Future of the Caribbean at the University of the West Indies St Augustine campus in Trinidad and Tobago on 5 May 2015, Mr. Prado identified the subregion as one of the most debt-constrained in the world.
Noting that the countries of Latin America and the Caribbean a…
El Secretario Ejecutivo Adjunto de la Comisión Económica para América Latina y el Caribe (CEPAL), Antonio Prado, señaló que si el Caribe quiere alcanzar un crecimiento inclusivo con sostenibilidad ambiental debe afrontar desafíos críticos, de los cuales el más urgente es el elevado nivel de deuda pública.
Durante su intervención en la ceremonia de apertura del Foro sobre el Futuro del Caribe, celebrada el 5 de mayo en la Universidad de las Indias Orientales St. Augustine, en Trinidad y Tabago, Antonio Prado destacó que la subregión es una de las que cuentan con mayores niveles de deuda en el m…
The Deputy Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Antonio Prado, will participate in the Forum on the Future of the Caribbean from 5-7 May 2015 in Trinidad and Tobago.
The Forum is co-hosted by the Ministry of Foreign Affairs of Trinidad and Tobago, the University of the West Indies (UWI) and the United Nations system in Trinidad and Tobago. Sessions will be held at the UWI St Augustine campus and the Hyatt Regency Hotel in Port of Spain.
During his first visit to the Caribbean and Trinidad and Tobago, Mr. Prado will deliver opening remarks …
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