Due to historically low internal saving rates, access to external financing is very important to Latin America and the Caribbean (LAC), even more so in the context of the 2030 Agenda and the implementation of the Sustainable Development Goals (SDGs). Public financing falls short of what is needed for this task and must be complemented with private flows, which in fact make up the bulk of the region’s external financing. The credit quality of the sovereigns in the region has an important role in determining how costly the access to private external financing can be.
This report examines the his…
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 2018) concerning capital flows to Latin America and the Caribbean.
The main highlights are:
-In January 2018, issuers from Latin America and the Caribbean (LAC) placed their highest ever monthly volume of debt in international markets. First quarter debt issuance in international markets also broke a record.
-From January to May 2018, total LAC international debt issuance amounted to US$ 67 billion, 6% higher than…
23 Mar 2018, 00:00 - 14 Oct 2025, 17:30
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Publicación
La presente edición del Panorama Fiscal de América Latina y el Caribe coincide con un importante hito: el trigésimo aniversario del Seminario Regional de Política Fiscal de la CEPAL. Durante los últimos 30 años, este seminario ha sido un evento central en la agenda regional para la discusión de la política fiscal. A lo largo de estas tres décadas, en sus diferentes ediciones, el seminario ha servido como foro de debate entre autoridades nacionales, expertos fiscales y funcionarios de organismos internacionales acerca del desempeño, los desafíos y las oportunidades de la política fiscal, y ha e…
31 Ene 2018, 00:00 - 14 Oct 2025, 17:37
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Publicación
This study examines the impact of de-risking on the study countries—bank and non-bank sectors. The study approach is based on survey instruments, consultations and analysis of secondary data. The impacts that have been observed, to date, have generally been discounted in most analysis as “anecdotal” and not valid for “reliable inference”1. However, in small economies such as those in this study what is anecdotal may be indeed reasonable for inference. The typically small number of banks as well as their dominance in the financial sectors of these small states suggests that reduced banking serv…
This document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments (third quarter of 2018) concerning capital flows to Latin America and the Caribbean.
The main highlights are:
The Latin America and Caribbean (LAC) region has seen the best and the worst conditions for tapping international capital markets this year. In January 2018, issuers from the region placed their highest ever monthly volume of debt in international markets: US$ 32 billion. First quarter debt issuance in international markets…