The Hummingbird Vol. 10 No. 5

Revista CEPAL no. 139

CEPAL Review no. 139

The COVID-19 pandemic and social policy narratives in Costa Rica: the story of a (fleeting) opportunity

Did the coronavirus disease (COVID-19) pandemic embolden ideas favourable to inclusive social policy in Latin America? This article addresses that question by examining the emergency cash transfer programme that was implemented in Costa Rica in 2020. Drawing on legislative debates and interviews with senior officials and analysts, the study reveals the fleeting emergence of ideas in favour of expanding non-contributory social protection. The new programme was quickly reined in by a discourse that assimilated fiscal responsibility to cutting social spending rather than expanding revenues. Avoid…

La pandemia de enfermedad por coronavirus (COVID-19) y las narrativas de la política social en Costa Rica: historia de una (breve) oportunidad

La pandemia de enfermedad por coronavirus (COVID-19), ¿potenció ideas favorables a la política social inclusiva en América Latina? Este artículo aborda esta pregunta a través de un análisis del programa de transferencias monetarias de emergencia implementado durante 2020 en Costa Rica. A partir de debates legislativos y entrevistas a jerarcas y analistas, mostramos la presencia, muy acotada en el tiempo, de ideas favorables a extender la protección social no contributiva. El nuevo programa se vio rápidamente limitado por un discurso que asimilaba la responsabilidad fiscal a la reducción del ga…

Iberoamérica espacio de oportunidades para el crecimiento, la colaboración y el desarrollo sostenible

Quince oportunidades para el crecimiento, la colaboración y el desarrollo sostenible propuestas por la CEPAL

ECLAC Presents New Opportunities for Growth, Collaboration and Sustainable Development to Ibero-America’s Heads of State and Government

The Economic Commission for Latin America and the Caribbean (ECLAC) presented a document today to the Heads of State and Government of Ibero-America identifying 15 opportunities that hold great potential for promoting growth, creating employment and improving well-being in the region, through public policies, investment, public-private partnerships and international cooperation. The document entitled Ibero-America: A space of opportunities for growth, collaboration and sustainable development is a contribution by the United Nations regional commission to the debates of the XXVIII Ibero-America…

CEPAL presenta a Jefes y Jefas de Estado y de Gobierno de Iberoamérica nuevas oportunidades para el crecimiento, la colaboración y el desarrollo sostenible

La Comisión Económica para América Latina y el Caribe (CEPAL) presentó a los Jefes y Jefas de Estado y de Gobierno de Iberoamérica un documento que identifica quince oportunidades que poseen gran potencial para promover el crecimiento, generar empleo y mejorar el bienestar en la región, mediante políticas públicas, inversiones, alianzas público-privadas y cooperación internacional. El documento Iberoamérica: espacio de oportunidades para el crecimiento, la colaboración y el desarrollo sostenible es una contribución de la Comisión regional de las Naciones Unidas a los debates de la XXVIII Cumbr…

A CEPAL apresenta a Chefes de Estado e de Governo da Ibero-América novas oportunidades de crescimento, colaboração e desenvolvimento sustentável

A Comissão Econômica para a América Latina e o Caribe (CEPAL) apresentou aos Chefes de Estado e de Governo da Ibero-América um documento que identifica 15 oportunidades com grande potencial para promover o crescimento, gerar empregos e melhorar o bem-estar na região, mediante políticas públicas, investimentos, parcerias público-privadas e cooperação internacional. O documento Ibero-América: espaço de oportunidades para o crescimento, a colaboração e o desenvolvimento sustentável é uma contribuição da Comissão regional das Nações Unidas aos debates da XXVIII Cúpula Ibero-Americana , realizada e…

Sostenibilidad de la deuda pública en América Latina y el Caribe

En este documento se analiza la sostenibilidad de la deuda pública en los países de América Latina y el Caribe. Se incluye una revisión de la tendencia observada en los últimos años, una comparación con el caso de otras economías emergentes y en desarrollo y la estimación de la dinámica esperada de la deuda en el período 2022-2027. Para este análisis, se utilizaron modelos contables basados en la restricción presupuestaria intertemporal del gobierno, los que permiten calcular la trayectoria de la deuda ante choques en la tasa de crecimiento de la economía, la tasa de interés real y el resultad…

The Role of Data for SDG Advancement in the Caribbean

Governança Orçamentária no Brasil

O livro Governança Orçamentária no Brasil é produto de um amplo projeto de pesquisa iniciado na Diest/Ipea, em 2019. A pandemia de covid-19, com suas gravíssimas repercussões sanitárias, sociais e econômicas, colocou em xeque a ação do Estado em diversas dimensões, e as possibilidades do orçamento como principal instrumento de financiamento da ação pública para enfrentamento da crise adquiriram ainda mais importância. A obra reúne 27 capítulos, de autoria de uma rede ampla de pesquisadores, especialistas e practitioners que estabeleceram ao longo dos últimos anos um diálogo intenso e que aport…

The Hummingbird Vol. 10 No. 2

Financial openness, financial fragility and policies for economic stability: a comparative analysis across regions of the developing world

En este libro se presenta un análisis comparativo de las respuestas de política de los países en desarrollo de África, Asia y América Latina y el Caribe a los retos que una mayor apertura financiera externa y la flexibilidad de los precios y el tipo de cambio plantean a la estabilidad económica. La mayor apertura externa ha reducido considerablemente el margen normativo de las economías en desarrollo y, al mismo tiempo, ha aumentado el potencial de fragilidad e inestabilidad financieras. Estos retos, que han pasado a un primer plano desde la crisis financiera mundial de 2008-2009, también se m…

Innovative financing instruments in Latin America and the Caribbean

In the aftermath of the global financial crisis (2008–2009), the external financing needs of Latin America and the Caribbean increased significantly, reflecting a process of external debt accumulation in all developing regions, exacerbated by the impacts of COVID-19. The region is now the most indebted in the developing world, with a debt profile that makes it highly vulnerable to changes in international lending conditions and to perceptions of risk. This has placed a major constraint on government responses to the COVID-19 emergency and undermines their capacity to build forward better. This…

Report of the twenty-ninth session of the Caribbean Development and Cooperation Committee of the Economic Commission for Latin America and the Caribbean

Financial openness, financial fragility and policies for economic stability: a comparative analysis across regions of the developing world

This book presents a comparative analysis of the policy responses of developing countries in Africa, Asia and Latin America and the Caribbean to the challenges that greater external financial openness and price and exchange-rate flexibility pose to economic stability. Greater external openness has significantly narrowed developing economies’ policy space, while at the same time increasing the potential for financial fragility and instability. These challenges, which have come to the fore since the global financial crisis of 2008–2009, are also manifest in the profound impact of the COVID-19 pa…

Caribbean Outlook 3: Economic recovery and repositioning in the era of COVID-19. Policy Brief

The economies of the subregion were hard hit by the COVID-19 pandemic, particularly those dependent on tourism. As a result, the Caribbean has seen a reversal of the hard-won gains achieved in growing their economies and reducing unemployment and inequality. The inflation stemming from pandemic supply chain disruption, which has been exacerbated by the war in Ukraine, has made the sustained uptick in economic performance beyond pre-pandemic levels unlikely, notwithstanding strong growth estimates for 2021 and 2022. The last two years have taught the region that continued ‘business as usual’ is…

Improving broadband quality and affordability in the Caribbean: Policies to advance digital inclusion in the subregion. Policy Brief

In this digitally transforming world, digital inclusion is becoming increasingly important to social inclusion and sustainable development. Affordable access to broadband is an essential precondition to digital inclusion. Internet quality, as measured by speed and other indicators, is also important, as digital inclusion is ultimately about ensuring equal access to the benefits and opportunities offered by digital technologies and the Internet. This policy brief provides insight into Internet speed and affordability across the Caribbean, and offers some recommendations for policymakers working…