Latin American and Caribbean (LAC) issuers placed US$ 89 billion of bonds in international markets in 2023. This total was 40% higher than in 2022 but 35% lower than the average issuance in the three-year period from 2019 to 2021. The average coupon rate was 1.65 percentage points higher than in 2022. This increase has translated into higher financing costs for corporates and for the governments of the region. Average coupon rates on the region’s dollar-denominated sovereign issuances have climbed steadily in recent years, from 3.6% in 2021 to 5.1% in 2022 and to 6.6% in 2023, illustrating how…
Los emisores de América Latina y el Caribe (ALC) colocaron 89 mil millones de dólares en bonos internacionales en 2023. Este total fue un 40% mayor que en 2022 pero un 35% menor que la emisión promedio en el trienio 2019-2021. La tasa de cupón promedio fue 1,65 puntos porcentuales más alta que en 2022. Este aumento se ha traducido en mayores costos de financiamiento para las empresas y los gobiernos de la región. Las tasas de interés promedio de las emisiones soberanas denominadas en dólares de la región han aumentado constantemente en los últimos años, del 3,6% en 2021 al 5,1% en 2022 y al 6,…
Os emissores da América Latina e do Caribe (ALC) colocaram 89 bilhões de dólares em títulos internacionais em 2023. Este total foi 40% superior ao de 2022, mas 35% menor do que a emissão média no triênio 2019-2021. A taxa de cupom média foi 1,65 ponto percentual mais alta do que em 2022. Este aumento se traduziu em maiores custos de financiamento para as empresas e os governos da região. As taxas de juros médias das emissões soberanas da região em dólares aumentaram de 3,6% em 2021 para 5,1% em 2022 e 6,6% em 2023, o que ilustra o aumento dos custos de endividamento da região.
Em 2023, a Reser…
The renowned Colombian economist José Antonio Ocampo, Professor at Columbia University’s School of International and Public Affairs and former Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), will deliver a keynote lecture on Friday, August 18 at the United Nations regional organization’s central headquarters in Santiago, Chile.
The former Minister of Finance and Public Credit of Colombia will give a lecture entitled “Reform of the international financial system” at 11:00 a.m. local time in Chile (UTC/GMT -4:00). He will be received by the o…
El destacado economista colombiano José Antonio Ocampo, Profesor de la Escuela de Asuntos Internacionales y Públicos de la Universidad de Columbia y ex Secretario Ejecutivo de la Comisión Económica para América Latina y el Caribe (CEPAL), dictará el viernes 18 de agosto una conferencia magistral en la sede central del organismo regional de las Naciones Unidas en Santiago, Chile.
El ex Ministro de Hacienda y Crédito Público de Colombia ofrecerá a las 11:00 horas locales (UTC/GMT -4:00) una conferencia titulada “Reformas al sistema financiero internacional”. Será recibido por el actual Secretari…
Fiscal policy should not only help to navigate the needs and urgencies in the short term, but also the transformations of development models in the longer term, including both aspects of growth and reduction of inequalities, said José Manuel Salazar-Xirinachs, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), at the closing of the XXXV Regional Seminar on Fiscal Policy, which concluded on Wednesday, May 17 at the organization's headquarters in Santiago, Chile.
After three days of discussions in which the challenges of fiscal policy to boost economic an…
La política fiscal debe contribuir no solo a navegar las necesidades y urgencias del corto plazo, sino también las transformaciones de los modelos de desarrollo en el más largo plazo, incluyendo tanto aspectos de crecimiento como de reducción de desigualdades, declaró hoy José Manuel Salazar-Xirinachs, Secretario Ejecutivo de la Comisión Económica para América Latina y el Caribe (CEPAL), al cierre del XXXV Seminario Regional de Política Fiscal, que finalizó este miércoles 17 de mayo en la sede central del organismo en Santiago, Chile.
Luego de tres días de debates en donde se analizaron los de…
A política fiscal deve contribuir para atender não só as necessidades e urgências de curto prazo, mas também as transformações dos modelos de desenvolvimento no prazo mais longo, incluindo tanto aspectos de crescimento como de redução de desigualdades, declarou José Manuel Salazar-Xirinachs, Secretário Executivo da Comissão Econômica para a América Latina e o Caribe (CEPAL), no encerramento do XXXV Seminário Regional de Política Fiscal, na sede central do organismo em Santiago, Chile.
Depois de três dias de debates nos quais se analisaram os desafios da política fiscal para dinamizar o desenvo…
The Economic Commission for Latin America and the Caribbean (ECLAC) will hold the XXXV edition of the Regional Seminar on Fiscal Policy from May 15 to 17. For 35 years, this renowned regional forum has brought together authorities, experts, civil society and academia to discuss the fiscal policy challenges facing the countries of the region.
The meeting includes the participation of the Inter-American Development Bank (IDB), the Organization for Economic Cooperation and Development (OECD) and the International Monetary Fund (IMF), and is sponsored by the Spanish Agency for International Develo…
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…
Against a backdrop of higher global interest rates and borrowing costs, total Latin American and Caribbean (LAC) international bond issuance in 2022 was US$ 64 billion, down 57% from 2021 and the lowest annual amount since 2008, according to ECLAC’s latest report on capital flows to the region.
Capital Flows to Latin America and the Caribbean: 2022 year-in-review and 2023 early developments provides an overview of the region’s international bond issuances, spreads and credit ratings in 2022 and in the beginning of 2023. This report presents and analyses the main trends and developments concern…
En un contexto de tasas de interés y costos de endeudamiento más elevados a nivel mundial, la emisión total de bonos internacionales de América Latina y el Caribe (ALC) en 2022 fue de 64.000 millones de dólares, un 57% menos que en 2021 y el valor anual más bajo desde 2008, según el informe más reciente de la CEPAL sobre flujos de capitales de la región.
El estudio Flujos de capitales hacia América Latina y el Caribe: balance del año 2022 y primeros acontecimientos de 2023 (Capital Flows to Latin America and the Caribbean: 2022 year-in-review and 2023 early developments, solo en inglés) ofrec…
Num contexto de taxas de juros e custos de endividamento mais elevados no mundo, a emissão de títulos internacionais da América Latina e do Caribe (ALC) em 2022 totalizou 64 bilhões de dólares, 57% menos que em 2021 e o valor anual mais baixo desde 2008, segundo o mais recente relatório da CEPAL sobre fluxos de capitais da região.
O estudo Fluxos de capitais para a América Latina e o Caribe: balanço de 2022 e primeiros acontecimentos de 2023 (Capital Flows to Latin America and the Caribbean: 2022 year-in-review and 2023 early developments, somente em inglês) oferece um panorama das emissões in…
Convened by ECLAC Caribbean, and hosted by the Government of Suriname, the CDR was officially opened by the outgoing Chair, Minister of Foreign Affairs, Saint Vincent and the Grenadines, Keisal Peters. The meeting was held at the Royal Torarica Hotel, in Paramaribo, Suriname.
The Roundtable, Minister Peters said, was conceived as a forum to discuss critical issues that pose fundamental challenge to development in the Caribbean, and to explore solutions that will ultimately support inclusive growth and better living standards for our people, while protecting our environment. Reflecting …
What: Twenty-ninth (29) session of the Caribbean Development and Cooperation Committee.
When: 14 October 2022 (Opening ceremony at 9 am).
Where: The Royal Torarica Hotel, Kleine Waterstraat 10, Paramaribo, Suriname.
Background Information
Caribbean Development and Cooperation Committee (CDCC) Member Countries and Associate Members will convene for the 29th Session. Pursuant to resolution 358(XVI) of 1975, the CDCC was created as a permanent subsidiary body of the Economic Commission for Latin America and the Caribbean (ECLAC), to promote development cooperation among Caribbean countrie…
Regional integration and solidarity are essential to confront the growing global asymmetries and disparities between developed countries and developing countries, Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), emphasized today during the Coordination Segment of the United Nations Economic and Social Council (ECOSOC), where she referred to the causality and linkages between variables to build back better with an integrated policy strategy.
“Even as recoveries continue, divergence in growth rates, vaccination rates, fiscal stimulus, ac…
La integración y la solidaridad regional son esenciales para hacer frente a las crecientes asimetrías y disparidades mundiales entre los países desarrollados y los países en desarrollo, subrayó hoy Alicia Bárcena, Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), durante el Segmento de Coordinación del Consejo Económico y Social de las Naciones Unidas, donde se refirió a las causales y los vínculos entre las variables para reconstruir mejor con una estrategia política integrada.
“Aun cuando la recuperación continúa, la divergencia en las tasas de crecimient…
Strengthening multilateral, regional, subregional and national development banks, while also improving cooperation and coordination among them, is key for responding to the region’s financing challenges in the context of the crisis prompted by the COVID-19 pandemic, Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), indicated today during a hybrid meeting (in person and virtual) organized by the Government of Costa Rica following the thirty-sixth session of the Commission’s Committee of the Whole, held at United Nations headquarters.
Reg…
Potenciar la banca de desarrollo multilateral, regional, subregional y nacional, así como mejorar la cooperación y coordinación entre estas instituciones, es clave para responder a los desafíos de financiamiento de la región en el marco de la crisis derivada por la pandemia del COVID-19, señaló hoy Alicia Bárcena, Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), durante una reunión híbrida (presencial y virtual) organizada por el Gobierno de Costa Rica tras la realización del trigésimo sexto período de sesiones del Comité Plenario de la comisión en la sede…
The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, urged the international community today to work more and better to close global asymmetries in financing and resilience to climate change, during a side event at the United Nations Climate Change Conference, COP26, which is taking place in Glasgow, Scotland.
“We welcome recent commitments on curbing methane emissions; halting deforestation; financing cleaner energy infrastructure; and the internalization of climate risks in the operations of financing institutions, including the IMF.…
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