Alicia Bárcena presents the Financing for Sustainable Development Report 2019

Alicia Barcena presenta el Informe para el Financiamiento del Desarrollo Sostenible 2019

Authorities and Experts at ECLAC Analyze the Regional Challenges Posed by the International Financial Crisis

In a meeting held at ECLAC headquarters in Santiago, Chile, authorities and experts discussed international financial volatility, global economic uncertainty and lower perspectives for growth dynamics in 2019 in the countries of Latin America and the Caribbean. During the seminar on “Latin America and EU Regionalism: Towards a Cooperative Way-out beyond the Crisis”, distinguished speakers addressed the challenges currently facing the region in terms of fiscal, monetary, economic and institutional reforms in the face of the questioning of multilateralism worldwide. The meeting, or…

Autoridades y expertos analizan en la CEPAL los desafíos de la región frente a la crisis financiera internacional

La volatilidad financiera internacional, la incertidumbre económica global y las menores perspectivas de la dinámica de crecimiento de los países de América Latina y el Caribe durante 2019, fueron discutidas por autoridades y expertos reunidos este jueves 10 de enero en la sede de la CEPAL, en Santiago de Chile. Durante el seminario “El regionalismo en América Latina y la Unión Europea: hacia una salida cooperativa más allá de la crisis” (Latin America and EU Regionalism: Towards a Cooperative Way-out beyond the Crisis) destacados expositores abordaron los desafíos fiscales, monetarios y de re…

Estudios sobre financierización en América Latina

En los trabajos reunidos en este libro se analizan los efectos y la lógica de la financierización en las economías en desarrollo, la llamada financierización periférica, en particular en los países de América Latina. En los primeros capítulos del libro se ofrece una mirada histórica y conceptual del fenómeno, para luego concentrarse en algunas de sus manifestaciones más específicas, como su influencia en la dinámica de la inversión productiva, el gasto en investigación y desarrollo, las características de la inversión extranjera directa, la gestión de la política monetaria, y la composición y …

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…

Expertos debaten en CEPAL desafíos de la política fiscal para fomentar un crecimiento con mayor igualdad y sostenibilidad

Destacados economistas y expertos internacionales en temas tributarios debatieron este jueves 7 de diciembre en la sede de la Comisión Económica para América Latina y el Caribe (CEPAL) en Santiago, Chile, sobre los desafíos de la política fiscal para fomentar un crecimiento económico con mayor inclusión, igualdad social y sostenibilidad ambiental. En el Seminario Internacional: Experiencias de Incidencia en Temas Tributarios, organizado por la Fundación Friedrich Ebert Stiftung (FES) en conjunto con la CEPAL, los participantes compartieron distintas experiencias de países y a nivel internacio…

An assessment of the challenges to Caribbean offshore financial centres: Saint Kitts and Nevis and Antigua and Barbuda

Offshore Shore Centres (OFCs) are generally small, low tax jurisdictions. In defining International Financial Centers (IFC’s) the International Monetary Fund (IMF) notes that there must be a large number of financial institutions functioning in a simplified regulatory environment, with low or no tax, and with the majority of its transactions initiated offshore. Regional Financial Centres (RFCs) are groups or blocks of countries, viewed as IFCs and which have specialties in the offshore financial business . Many Caribbean islands, including Anguilla, Antigua and Barbuda, Dominica, Grenada, Mont…

Experts Agree Role of Region’s MSMEs Must Be Rethought to Integrate Them into Fourth Industrial Revolution

The fourth industrial revolution underway is forcing a rethinking of the role of micro, small and medium-sized enterprises (MSMEs) in Latin America and the Caribbean and requires policies that enable the development of capacities to successfully compete in today’s productive systems, which are characterized by their dynamism, experts agreed during a meeting organized by the Euromipyme project in Mexico City. The Regional Seminar Latin America and Europe in the Face of Technological Disruption: A New Era of Policies and Institutions for MSMEs began today in Mexico with the participation of Susa…

Es necesario repensar el rol de las mipymes de la región para integrarlas a la cuarta revolución industrial, coincidieron expertos

The fourth industrial revolution underway is forcing a rethinking of the role of micro, small and medium-sized enterprises (MSMEs) in Latin America and the Caribbean and requires policies that enable the development of capacities to successfully compete in today’s productive systems, which are characterized by their dynamism, experts agreed during a meeting organized by the Euromipyme project in Mexico City. La cuarta revolución industrial en curso obliga a repensar el rol de las micro, pequeñas y medianas empresas (mipymes) de América Latina y el Caribe y a generar políticas que les permitan …

18th Monitoring Committee of the CDCC

Welcome Remarks Deputy Executive Secretary Antonio Prado 18th Monitoring Committee of the CDCC Port of Spain, 19 May 2017 His Excellency, Mark Brantley, Minister of Foreign Affairs and Aviation of Saint Kitts and Nevis and Chair of the CDCC, Honourable Ministers and other Distinguished Representatives of CDCC Member Countries, Representatives of regional and international organizations, Members of the diplomatic corps, Ladies and gentlemen, It is a pleasure to be here with you once again in beautiful Port of Spain. I bring to you the warm greetings of our Executive Secretary Ali…

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…

Countries of Latin America and the Caribbean Reaffirmed their Collective Commitment to the 2030 Agenda for Sustainable Development as Forum Concluded in Mexico

The countries of the region reaffirmed their collective commitment to the 2030 Agenda for Sustainable Development, recognizing that governments bear the fundamental responsibility for fulfilling it and stressing the need to foster participation by all relevant stakeholders in the process, according to the document signed by the government delegates gathered at the first meeting of the Forum of the Countries of Latin America and the Caribbean on Sustainable Development, which concluded this Friday in Mexico City. The Forum, which is annual in nature, was created by mandate of ECLAC’s member cou…

Países de América Latina y el Caribe reafirmaron su compromiso colectivo con la Agenda 2030 para el Desarrollo Sostenible al cierre de foro en México

Los países de la región reafirmaron su compromiso colectivo con la Agenda 2030 para el Desarrollo Sostenible, reconociendo la responsabilidad primordial de los Gobiernos en su cumplimiento, así como la necesidad de fomentar la participación de todos los actores relevantes en el proceso, como consta en el documento firmado por los delegados de los Gobiernos congregados en la primera reunión del Foro de los Países de América Latina y el Caribe sobre el Desarrollo Sostenible, que concluyó este viernes en Ciudad de México. El Foro, de carácter anual, fue creado por mandato de los países miembros …

Países da América Latina e do Caribe reafirmaram compromisso coletivo com a Agenda 2030 para o Desenvolvimento Sustentável no encerramento de Fórum no México

Os países da região reafirmaram compromisso coletivo com a Agenda 2030 para o Desenvolvimento Sustentável, reconhecendo a responsabilidade primordial dos Governos em seu cumprimento, assim como a necessidade de fomentar a participação de todos os atores relevantes no processo, como consta no documento assinado pelos delegados dos Governos reunidos na primeira reunião do Fórum dos Países da América Latina e do Caribe sobre o Desenvolvimento Sustentável, concluída nessa sexta-feira na Cidade do México. O Fórum, de caráter anual, foi criado pelo mandato dos países-membros no Trigésimo sexto Perí…

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…

New Public-Private Coalitions Are Needed to Mobilize Resources for Financing the 2030 Agenda: ECLAC

The mobilization of domestic and external resources, both public and private, is a key pillar for financing the 2030 Agenda for Sustainable Development, approved by United Nations member countries in 2015, and it requires new partnerships between the public and private sectors. That is what Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), indicated today during the second retreat of the Friends of Monterrey Group, which is being held in Mexico City. “The 2030 Agenda is a civilizing agenda. It calls on us to make a paradigm shift to pro…

La movilización de recursos para el financiamiento de la Agenda 2030 requiere de nuevas coaliciones público-privadas: CEPAL

La movilización de recursos internos y externos, públicos y privados, es un pilar clave para el financiamiento de la Agenda 2030 para el Desarrollo Sostenible, aprobada por los países miembros de las Naciones Unidas en 2015, y requiere de nuevas asociaciones entre los sectores público y privado. Así lo señaló hoy Alicia Bárcena, Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), durante el segundo retiro del Grupo Amigos de Monterrey, que se realiza en Ciudad de México. “La Agenda 2030 es una agenda civilizatoria. Nos llama a realizar un cambio de paradigma …

Regulación de la cuenta capital en un mundo financieramente complejo: evolución reciente y perspectivas en América Latina

Desde la década de los noventa se ha evidenciado una veloz transformación en las finanzas internacionales que ha llevado a la globalización financiera a niveles sin precedentes. América Latina y el Caribe no han escapado a esta tendencia general. Estos procesos, lejos de generar los beneficios predichos por la teoría, derivaron de manera temprana en crisis de deuda, cambiarias y financieras. Luego de la crisis económica internacional de 2008/2009, tanto las prácticas hacia la liberalización de la cuenta capital como la teoría convencional sobre el tema tendieron a ser revisados. Impulsado por …

Foreign Exchange Reserves. Recent Evolution

The world foreign exchange reserves declined 7% from the first quarter of 2014 to the second quarter of 2016, mostly due to a significant reduction in reserve accumulation in emerging and developing economies – a 13% drop – which compares with a slight increase of 4.5% in advanced economies in the same period. Emerging and developing economies reduced their share of world reserves as a result – from 68% in the second quarter of 2014 to 64% in the second quarter of 2016 – whereas the advanced economies’ share rose from 32% to 36% in the same period. The increase in foreign exchange reserves in …