XXXV Seminario Regional de Política Fiscal analizará los desafíos de la política fiscal para dinamizar el crecimiento y la transformación productiva en un contexto macrofinanciero complejo

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…

Alicia Bárcena sobre reestructuración y renegociación de la deuda en tiempos de pandemia: “Necesitamos nivelar el campo de juego. Tanto los acreedores como los deudores deben compartir la carga”

La reestructuración, renegociación y alivio de la deuda en los actuales tiempos de pandemia es un tema de interés tanto público como privado. “Necesitamos nivelar el campo de juego entre los acreedores y deudores. Ambos deben compartir la carga”, señaló hoy Alicia Bárcena, Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), durante el Foro sobre el Financiamiento para el Desarrollo 2021 que se realiza esta semana bajo la organización del Consejo Económico y Social de las Naciones Unidas (ECOSOC). La reunión de alto nivel congregó virtualmente a jefes de Estad…

Economic impact of de-risking on the Caribbean: Case studies of Antigua and Barbuda, Belize and Saint Kitts and Nevis

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…

Evolving development thinking and practices in Latin America and the Caribbean: The role of ECLAC

Evolving Development thinking and practices in Latin America and the Caribbean: The role of ECLAC Keynote Address by Dr Antonio Prado Deputy Executive Secretary 18th CDCC Monitoring Committee Port of Spain, 19 May 2017 I thank Diane for that very fitting introduction to my presentation here this morning. We have begun considering how best to commemorate 70 years of ECLAC’s work as a Regional Commission of the United Nations. As you have just seen, our support for development in the region has taken many different forms. However it is safe to say that our principal contri…

Capital Flows to Latin America and the Caribbean: Recent Developments

For six years, the global economy has been driven by the U.S. Federal Reserve’s policies of easy money. Liquidity has flowed from developed to developing economies, financing infrastructure and corporate investment and allowing consumers to indulge in credit-fuelled retail spending. Thus the effective ending of the Fed’s third round of asset purchases (QE3) at the end of October represents both a watershed and the beginning of a new stage in the world economy. The end of asset-purchases comes at a challenging time for emerging markets, with China’s economy slowing, the Euro zone struggling to …

Unidad de Financiamiento para el Desarrollo participa en Retiro de Naciones Unidas sobre Financiamiento y Mecanismos de Implementación de la Agenda Post-2015

La Unidad de Financiamiento para el Desarrollo representó a la CEPAL en un retiro organizado por la Fundación de las Naciones Unidas bajo el tema “Financing and the Means of Implementation for Post-2015.…

Economic Survey of the Caribbean 2015: Balancing economic recovery and high debt in the Caribbean

The survey provides an overview of the economic performance for 2014 of the Bahamas, Barbados, Belize, Guyana, Jamaica, Suriname, Trinidad and Tobago plus the eight member states of the Eastern Caribbean Currency Union (ECCU) and the outlook for 2015. Data were collected from a review of reports from national governments and through interviews with government officials in each of the countries analyzed.…

HLPF Plenary session. Middle-income countries: Overcoming barriers in achieving the SDGs

Dear Chair, Excellencies, all protocols observed. Middle-income countries, or MICs, comprise 107 states worldwide. They constitute a large share of countries in the Arab Region, Asia Pacific and Latin America and the Caribbean, and thirty out of 54 African countries are middle-income. They represent over 75% of the world’s population and are home to 62% of the world’s poor. They account for a third of global GDP, 45% of total investment, and 30% of total exports. These figures speak for themselves about the importance of the MICs in the world and for the implementation of the 2030 Agenda…

Second Retreat of the Group of Friends of Monterrey

Remarks by Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), at the opening of the Second Retreat of the Group of Friends of Monterrey 23 April 2017 Club de Banqueros Mexico City Ambassador Ulises Canchola, Acting Head of the Mexican Agency for International Development Cooperation (AMEXCID), Noel González, Coordinator for Development Cooperation Fora of the Mexican Agency for International Development Cooperation (AMEXCID), Stephan Reichert, Deputy Head of the Donor Relations Division of the Federal Ministry for Economic Cooperation an…

Seminario Internacional de UNASUR "De la Integración Política a la Integración Económica y Financiera". Panel: América Latina, la institucionalidad regional y los foros internacionales: la UNASUR, el G-20, el G-24, el G-77, el G-192

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…

Scaling up debt-swaps and outcome-based innovative financing mechanisms for climate, nature and food

Good afternoon I will focus my remarks on two types of instruments which have the potential to catalyze further action to deliver on global environmental commitments: Debt swaps and thematic bonds. Debt swaps for climate and nature are a financial instrument allowing countries to obtain debt forgiveness and reductions from external creditors in return for a commitment, on the part of the country, to invest in the protection of the environment, simultaneously addressing two major challenges to sustainable development: climate change and debt distress. Thematic bonds are debt instruments which s…

Growing global asymmetries: challenges for Latin America and the Caribbean