1 Jun 2006, 00:00 - 14 Oct 2025, 08:31
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This document was prepared by the Economic Projections Centre, under the supervision of Hubert Escaith, Director of the Statistics and Economic Projections Division of the ECLAC. André Hofman, Chief of the Economic Projections Centre (ECP), was in charge of technical coordination and for conducting the study. The assistance of the national and subregional offices and of the ECLAC Economic Development Division was much appreciated. The views expressed in this document, which have not been formally edited, are the sole responsibility of the working group and do not necessarily reflect the vi…
The aim of this paper is to provide an overview of the gender and social disparities existing in the
agricultural and rural sector in Caribbean economies. In this context, agricultural transformation as
occasioned by the dismantling of preferential trading arrangements is analysed to identify the most
relevant gender discriminatory measures in the current agricultural development policy and
programmes. The analysis seeks to provide the basis for enhancing understanding among policy
makers, planners and rural development practitioners of the gender and social dimension involved
in the formulati…
18 Jun 2004, 00:00 - 14 Oct 2025, 08:23
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Presentation
The countries of the Latin American and Caribbean region have shown a keen
and lasting interest in mechanisms of economic development and public policies for its
promotion. This is a process in which ECLAC has been involved ever since it was founded
over half a century ago. Today, the debate on these issues continues against the backdrop
of a globalization process in which the remarkable dynamism of some dimensions
-especially its economic, financial and cultural aspects- contrasts with the
slow formation of an institutional network capable of coping with the increased
interdepend…
This paper examines the progress in the implementation of the CSME and what this has meant for the core (trade, investment, etc.); and functional aspects (foreign policy coordination, education, health and social development, etc.,); of integration. A tentative assessment is also made of the relevance of the current mode of integration in light of the opportunities and constraints of the international environment. The paper is divided into three sections. Section one provides a critical assessment of the implementation of the protocols and other aspects of the CSME. Section two evaluates the …
1 Mar 2003, 00:00 - 14 Oct 2025, 08:31
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Abstract In this overview we analyse, first, why funds continued to flow towards emerging economies, while fundamentals in host countries had been deteriorating before the Asian crisis (a rising external deficit, with a significant liquid component; appreciating exchange rates; low capital formation, particularly in Latin America), and why funding remains dry for long since 1998; the role of the nature of the predominant agents and of a process of flows rather than one-shot building of stock of foreign capital are stressed. Then, the analysis focuses on the interrelations of capital flows and …
1 Ene 2003, 00:00 - 14 Oct 2025, 08:31
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Abstract Based on the analysis of the Argentinean currency board and the full dollarization scheme in Ecuador this paper argues that an intermediate exchange rate regime (compared to free floating or hard peg) will be a better option for countries subject to external financial shocks and a worldwide export and import structure. It shows that the Argentine convertibility system was successful as an anti-inflationary program. However, the reduction in the inflation rate has been accompanied by a dramatic change in relative prices of tradable and non tradable goods and services, which ha…
1 Ago 2002, 00:00 - 14 Oct 2025, 08:31
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Abstract
Behind the discussion on optimal exchange-rate regimes lies the need to achieve external and internal equilibrium, and thus create an appropriate macroeconomic climate for sustained growth and development. The optimality and feasibility of exchange-rate regimes in individual Latin American and Caribbean countries must take into consideration several parameters linked to microeconomics, open macroeconomics, and political economy aspects. More recently, the discussion has incorporated the regional dimension and the possibility of joining monetary unions to the set of feasible national s…
30 Nov 2001, 00:00 - 14 Oct 2025, 08:31
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Introduction With the failure of the import-substituting industrialisation policies of the post-war period, Caribbean countries shifted to an export-promotion strategy in the 1980s. Export promotion inevitably demanded a shifting of the relative price and productivity of tradable goods and services. To provide the necessary incentives for export promotion, countries pursued a mixture of reforms and restructuring to attract investment and to promote the competitiveness of production and exchange. The period also coincided with a shift in the development paradigm of the developed countri…
6 Feb 2001, 00:00 - 14 Oct 2025, 08:31
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The concern with a gender dimension of macroeconomic policy stems from the mandate of the Beijing conference to review and implement policies aimed at achieving equitable access to economic resources. This paper examines some of the macroeconomic policies pursued in the Caribbean within the context of economic adjustment in order to understand the rationale for these polices to see whether and how gender analysis could contribute to a more equitable outcome. The aims and goals of macroeconomic policy are explained, against the background of the economic problems faced by the region since 1970.…
1 Oct 1999, 00:00 - 14 Oct 2025, 08:31
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Abstract The Chilean experience with price-based capital account regulations (i.e., deposits or reserve requirements on capital inflows) has been subject to extensive discussion in the recent literature. This paper presents evidence on the effectiveness of similar regulations in Colombia since September 1993, when traditional exchange controls were replaced by price-based regulations. It is important to emphasize that the Tobin tax equivalent of such regulations in Colombia has been quite high (13.6% and 6.4% tax for 12 and 36 months loans, respectively, in 1994-1998), and, as in Chile, it is …
1 Jun 2016, 00:00 - 14 Oct 2025, 08:31
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U.S. economic growth disappointed in the first quarter of 2016, as global conditions continued to have an adverse impact. According to the U.S. Department of Commerce’s third estimate, the GDP grew at a 1.1% annualized pace in the first quarter, up from a previous estimate of 0.8%, and down from 1.4% in the fourth quarter of 2015. Growth was under 1.5% for the last two quarters, the worst six-month performance in nearly three years.…
1 Ago 2009, 00:00 - 14 Oct 2025, 08:31
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En 2008 el PIB real de El Salvador creció 2,5%, dos puntos porcentuales menos que en 2007, mientras que el PIB por habitante aumentó 0,9%, la tercera parte de la cifra registrada el año anterior. Al igual que en 2007, el sector de la agricultura presentó el mayor dinamismo. El Salvador: Economic evolution during 2008 and perspectives for 2009 Abstract: In 2008, the real GDP of El Salvador grew by 2,5%, two percentage points less than in 2007, while the GDP per inhabitant increased by 0,9%, equalling a third of the figure registered the previous year. Just like in 2007, the agricultu…
14 Oct 2008, 00:00 - 14 Oct 2025, 08:31
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Rasgos generales de la evolución reciente En 2007, la economía cubana registró una expansión de 7,3%. Como el crecimiento demográfico fue nulo, el producto interno bruto (PIB) por habitante aumentó proporcionalmente con el PIB. El déficit fiscal global se incrementó ligeramente, de 3% del PIB en 2006 a 3,1% en 2007, mientras que la tasa de inflación varió 2,8%, la mitad que el año anterior (5,7%). Por último, la cuenta corriente de la balanza de pagos ascendió a un superávit equivalente a 0,8% del PIB. Cuba: Economic evolution during 2007 and Outlook for 2008 Abstract: General fea…
1 Ene 2006, 00:00 - 14 Oct 2025, 08:31
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Contents
Foreword
Regional Financial Cooperation: Experiences and Challenges, José Antonio Ocampo
Reforming the Global Financial Architecture: The Potential of Regional Institutions, Roy Culpeper
Regional Development Banks: A Comparative Perspective, Francisco Sagasti and Fernando Prada
Regional Exchange Rate Arrangements: The European Experience, Charles Wyplosz
European Financial Institutions: A Useful Inspiration for Developing Countries? Stephany Griffith-Jones, Alfred Steinherr, and Ana Tereza Fuzzo de Lima
Macroeconomic Coordination in Latin America: Does It Have a Future? J…
11 Mayo 2023, 00:00 - 14 Oct 2025, 08:31
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Anuncio
La Comisión Económica para América Latina y el Caribe (CEPAL) celebrará del 15 al 17 de mayo la XXXV edición del Seminario Regional de Política Fiscal. Este reconocido foro regional ha convocado durante 35 años a autoridades, especialistas, sociedad civil y academia al diálogo sobre los desafíos de política fiscal que enfrentan los países de la región.
El encuentro incluye la participación del Banco Interamericano de Desarrollo (BID), la Organización para la Cooperación y el Desarrollo Económicos (OCDE) y el Fondo Monetario Internacional (FMI), y cuenta con el auspicio de la Agencia Española d…
1 Ago 2009, 00:00 - 14 Oct 2025, 08:31
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En 2008 la economía panameña mantuvo el intenso ritmo de crecimiento del PIB real y se expandió 9,2%, a pesar de haber desacelerado frente al 11,5% de 2007. El sector público no financiero (SPNF) registró un ligero superávit equivalente a 0,4% del PIB, cifra inferior al 3,5% registrado en 2007. Este resultado obedece a la reducción en la recaudación de fondos y el aumento de gastos corrientes para mitigar los efectos del alza de precios de los alimentos y el petróleo en el primer semestre del año. Panama: Economic evolution during 2008 and perspectives for 2009 Abstract: In 2008, …
8 Mayo 2024, 00:00 - 14 Oct 2025, 08:23
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Comunicado de prensa
Las grandes transformaciones que se requieren en los modelos de desarrollo de América Latina y el Caribe para poder lograr sociedades más productivas, inclusivas y sostenibles, necesitan una ampliación del espacio fiscal para dar sostenibilidad a las finanzas públicas, reconocieron autoridades, expertos y académicos reunidos en el XXXVI Seminario Regional de Política Fiscal, que concluyó este miércoles 8 de mayo en la sede de la CEPAL en Santiago, Chile.
El reconocido foro regional -que durante 36 años ha convocado a autoridades, especialistas, sociedad civil y academia para dialogar sobre lo…
23 Mar 2018, 00:00 - 14 Oct 2025, 08:31
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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…
30 Oct 2016, 00:00 - 14 Oct 2025, 08:31
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The U.S. second-quarter GDP growth was revised up to a 1.4% inflation-adjusted annual rate in the third and final estimate released by the Department of Commerce on September 29, following the first quarter’s 0.8% pace. Despite the upward revision, the growth rate for the first half of the year is just above 1%.…
1 Ago 2009, 00:00 - 14 Oct 2025, 08:31
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En 2008 la economía hondureña se expandió 4%, 2,3 puntos porcentuales por debajo de la tasa registrada en 2007. El crecimiento sectorial fue muy heterogéneo: las actividades con mayor dinamismo fueron la intermediación financiera (18,1%) y las comunicaciones (14%). La inflación interanual alcanzó 10,8%, impulsada principalmente por el alza en los precios internacionales de los alimentos y el petróleo. Gracias al tipo de cambio de paridad móvil imperante, Honduras pudo amortiguar parcialmente el aumento de la inflación. Honduras: Economic evolution during 2008 and perspectives for 2009…