The average rate of urban unemployment in Latin America and the Caribbean will rise again in 2017 to 9.2%, in a year characterized by modest economic growth that will not be sufficient to counteract the labour market’s weak conditions, according to a new report released today by ECLAC and the International Labour Organization (ILO).
In the new edition of their joint publication Employment Situation in Latin America and the Caribbean, which analyzes the regional labour market’s performance in 2016, the two organizations indicate that last year the urban unemployment rate rose to 8.9% from 7.3% …
La tasa promedio de desempleo urbano de América Latina y el Caribe volverá a aumentar en 2017 a 9,2%, en un año marcado por un modesto crecimiento económico que no será suficiente para contrarrestar las condiciones de debilidad del mercado laboral, según un nuevo informe dado a conocer hoy por la CEPAL y la Organización Internacional del Trabajo (OIT).
En la nueva edición de su publicación conjunta Coyuntura Laboral en América Latina y el Caribe, que analiza el desempeño del mercado laboral regional en 2016, los dos organismos señalan que en ese año la tasa de desempleo urbano aumentó a 8,9% …
A daunting challenge faced by financial institutions
in the Caribbean in recent years is the growing trend
being adopted by large global banks that serve as
correspondent banks to local financial institutions, to
severely limit or terminate their correspondent banking
relationships (CBRs) with these local or regional banks
(respondent banks). This practice is considered a form
of “de-risking”, whereby business relationships with
clients or categories of clients considered “high-risk”
are restricted or terminated. So far, financial institutions
in 12 Caribbean countries have had the CBRs of at …
The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, received today in Mexico City the “Gustavo Martínez Cabañas” Medal for International Administrative Merit, awarded by Mexico’s National Institute of Public Administration (INAP).
This important distinction, which is given in recognition of a prominent Mexican whose performance in the national and international arena has allowed for the country’s prestige to be strengthened abroad, was awarded to her during a ceremony led by Carlos Reta Martínez, Chair of INAP’s Board, and Ambassador…
La Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, recibió hoy en Ciudad de México la Medalla al Mérito Administrativo Internacional “Gustavo Martínez Cabañas”, otorgada por el Instituto Nacional de Administración Pública de México (INAP).
La importante distinción, que se otorga en reconocimiento a una mexicana o mexicano destacado cuyo desempeño en el ámbito nacional e internacional ha permitido fortalecer el prestigio del país en el exterior, le fue entregada en una ceremonia encabezada por Carlos Reta Martínez, Presidente del Consejo Di…
En vista de los profundos, permanentes y rápidos cambios tecnológicos y organizacionales que atraviesa el sector productivo, resulta importante poder identificar y anticipar las demandas de mediano y largo plazo en materia de los saberes requeridos tanto en las ocupaciones actuales como en los puestos de trabajo emergentes. También es relevante que estas nuevas demandas se difundan entre los diversos actores sociales. Este documento realiza un relevamiento de algunas de las metodologías utilizadas en los países de América Latina para conocer el grado de avance en relación a los análisis de dem…
The Preliminary Overview of the Economies of the Caribbean analyzes in its 2016-2017 edition the economic performance of the region throughout 2016, the international context and macroeconomic policies implemented by countries, while also providing an outlook for 2017. The Caribbean recorded economic growth of only 0.8 per cent in 2016 but growth is expected to rebound to 2.4 per cent in 2017. The poor performance observed in 2016 was primarily due to a 3.7 percent contraction in the goods producing economies, which were hard hit by the decline in commodity prices in general and hydrocarbons i…
This document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments (first quarter of 2017) concerning capital flows to Latin America and the Caribbean.
The main highlights are:
- 2017 started with the highest monthly issuance on record for Latin America and the Caribbean (LAC)’s cross-border bond market, with total issuance reaching US$ 24.2 billion in January. Petrobras led the way, issuing a US$ 4 billion dual-tranche bond on January 9, encouraging other issuers to come to the market.
- Although…
Employment situation in Latin America and the Caribbeanis a twice-yearly report prepared jointly by the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC) and the Office for the Southern Cone of Latin America of the International Labour Organization (ILO). The present edition analyzes the labour market performance in Latin America and the Caribbean in 2016 and labour immigration in Latin America.…
El informe Coyuntura Laboral en América Latina y el Caribe es una publicación semestral elaborada en forma conjunta por la División de Desarrollo Económico de la Comisión Económica para América Latina y el Caribe (CEPAL) y la Oficina para el Cono Sur de América Latina de la Organización Internacional del Trabajo (OIT). En la presente edición se analiza el desempeño de los mercados laborales de América Latina y el Caribe en 2016 y temas relacionados con la inmigración laboral en América Latina.…
El objetivo de este estudio es aportar evidencia sobre la importancia de la estructura productiva para entender el nivel y la dinámica de la distribución del ingreso entre el capital y el trabajo. Por un lado, procura entender en qué medida las diferencias en la distribución funcional del ingreso que se evidencian entre los países de la región responden a factores propiamente distributivos y/o a la composición sectorial de la economía, donde conviven actividades con distintos grados de participación de los trabajadores en el valor agregado. Con ese objetivo se analiza la evolución reciente de …
As a preliminary phase of action in response to the ECLAC resolution which calls for greater inclusion of the associate members in the work of the Commission, this study sought to accomplish three outcomes. Firstly, the study explored the common development challenges of the non-sovereign associate members (AMs) of ECLAC which served as impediments to the economic and social development of the AMs, and identified priorities which fostered and advanced their development aspirations. Secondly, in light of the recent incremental changes in the political status that had occurred in many of those t…
This paper examines if recent sharp declines in the price of oil and other fossil fuels will discourage private investment in renewable energy, which is key for climate change mitigation. The increase in private renewables investment in the Latin America and the Caribbean (LAC) region have been driven by sharp declines in costs alongside supportive policies.
The sharp fall in the price of oil and other fossil fuels since 2014 risks disrupting continued private investment in renewables if they becomes insufficiently profitable. The decline in oil and other fossil fuel prices presents an opportu…
The strengthening of institutions, especially through improved construction and measurement of national statistics systems’ indicators, as well as the provision of financing, are two of the priorities that countries of the region must address with greater urgency if they want to comply with the 2030 Agenda and its Sustainable Development Goals (SDGs), authorities and government representatives asserted today in Mexico.
Eleven countries of Latin America and the Caribbean presented today their experiences, progress and challenges in preparing their voluntary national reviews on the fulfillment o…
El fortalecimiento de las instituciones, especialmente los sistemas nacionales de estadísticas para que mejoren la construcción y medición de indicadores, así como la provisión de financiamiento, son dos de las prioridades que los países de la región deben abordar con mayor urgencia si quieren lograr el cumplimiento de la Agenda 2030 y sus Objetivos de Desarrollo Sostenible (ODS), aseguraron hoy en México autoridades y representantes gubernamentales.
Once países de América Latina y el Caribe presentaron hoy sus experiencias, avances y desafíos en la preparación de sus exámenes nacionales volun…
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