Advancing the Decade of Action for Sustainable Development in the Caribbean

60 International Agencies Urge Rapid, Coordinated Response as Pandemic Threatens to Destabilize Poor Countries’ Finances

NEW YORK, 9 April 2020 – Governments must take immediate steps to prevent a potentially devastating debt crisis and address the economic and financial havoc wrought by the COVID-19 pandemic – says a new report from the United Nations-led Inter-Agency Task Force on Financing for Development. The UN System’s 2020 Financing for Sustainable Development Report outlines measures to address the impact of the unfolding global recession and financial turmoil, especially in the world’s poorest countries. Its recommendations are based on joint research and analysis from the UN System, the International M…

60 agencias internacionales exhortan a una respuesta coordinada y oportuna para enfrentar la crisis económica y financiera desatada por la pandemia que amenaza con desestabilizar las finanzas de los países de menores ingresos

NUEVA YORK, 9 de abril de 2020 – De acuerdo con un nuevo reporte del Grupo Interagencial sobre Financiamiento para el Desarrollo, liderado por las Naciones Unidas, los gobiernos deben tomar medidas inmediatas para hacer frente a los estragos económicos y financieros causados por la pandemia del COVID-19, y prevenir una crisis de deuda con efectos potencialmente devastadores. El Informe del Financiamiento para el Desarrollo Sostenible 2020 propone una serie de medidas para paliar los efectos de la recesión global y la crisis financiera, en particular para los países de menores ingresos. Las rec…

Promoting debt sustainability to facilitate financing sustainable development in selected Caribbean countries: A scenario analysis of the ECLAC debt for climate adaptation swap initiative

In light of the high debt burden impacting Caribbean economies ECLAC has been pursuing an initiative designed to reduce the debt burden and advance sustainable development. The strategy has evolved over time and there is now agreement on an approach designed to bring financial resources to the Caribbean for resilience building while still emphasizing the importance of debt reduction. To address resilience and development financing, ECLAC proposes the establishment of a Caribbean Resilience Facility to be housed at a reputable financial institution. Such a facility would be capitalised by donor…

The Hummingbird Vol.7 No.1

Coopération internationale en Haïti: tensions et leçons. Les cas du Brésil, du Chili et du Mexique

Haïti est un cas emblématique, une situation in extremis pour analyser et discuter sur la Coopération internationale pour le développement. Après le séisme de janvier 2010, la communauté internationale mobilisa d’importantes ressources pour aider à affronter la situation d’urgence à travers l’aide humanitaire et des projets de coopération pour le développement. Qu’en est-il maintenant? Qu’est-ce que ces actions ont vraiment représenté? Est-ce que des processus de développement réellement durable ont été déclenchés en Haïti? Qu’en pensent les acteurs haïtiens? Ce livre aborde les portées, les l…

Policy Brief: Moving towards equal access to technology for persons with disabilities in the Caribbean

In the Caribbean, there are approximately 1.3 million persons with a disability of some kind and some 250,000 persons with a significant disability. These numbers are projected to increase dramatically in the coming decades as the population of the subregion ages and given the global increase in chronic health conditions. Persons with disabilities (PWDs) face a range of physical, social, attitudinal and institutional barriers that prevent their full and effective participation in society on an equal basis with others. As a result, they experience less favorable outcomes in health, education, …

The Hummingbird Vol.6 No.10

Alicia Bárcena Reviewed with Caribbean Authorities Progress on the Debt for Climate Adaptation Swap Initiative, Including the Creation of a Resilience Fund

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, met this Monday, September 23, with Prime Ministers Gaston Browne of Antigua and Barbuda, Allen Chastanet of Saint Lucia, and Ralph Gonsalves of Saint Vincent and the Grenadines, to review progress on the Debt for Climate Adaptation Swap Initiative, including the creation of a resilience fund proposed by the Commission for small island Caribbean states. During the meeting – which took place in the framework of the Climate Action Summit and the 74th session of the United Nations Gene…

Alicia Bárcena revisó con autoridades del Caribe avances de iniciativa de canje de deuda por adaptación al cambio climático, incluyendo la creación de un fondo de resiliencia

La Secretaria Ejecutiva de la Comisión Económica para América Latina y el Caribe (CEPAL), Alicia Bárcena, se reunió este lunes 23 de septiembre con los Primeros Ministros de Antigua y Barbuda, Gaston Browne, de Santa Lucía, Allen Chastanet, y de San Vicente y las Granadinas, Ralph Gonsalves, para revisar los avances de la iniciativa de canje de deuda por adaptación al cambio climático, incluyendo la creación de un fondo de resiliencia propuesto por la Comisión para los pequeños Estados insulares del Caribe. Durante la reunión, que tuvo lugar en el marco de la Cumbre sobre la Acción Climática y…

Strategies for increasing economic resilience in the Caribbean

The development of venture capital in Latin America and the Caribbean: a comparative perspective

Venture capital (VC) contributes to the financing of high-growth companies. In Latin America and the Caribbean, this capital is lower than in China and India as well as the developed economies. Nonetheless, between 2005 and 2011, regional VC investments grew by 30% per year. Venture capital investments in Latin America and the Caribbean tend to be larger, focus less on high-technology industries and are more likely to be funded from abroad than those in benchmark regions. Transactions in Latin America and the Caribbean are made by less experienced investors and in fewer rounds than in comparat…

El desarrollo del capital de riesgo en América Latina y el Caribe: una perspectiva comparada

El capital de riesgo contribuye al financiamiento de empresas de alto crecimiento. En América Latina y el Caribe este capital es menor que en las economías desarrolladas y menor que en China y la India. Sin embargo, en 2005-2011, el capital de riesgo regional creció un 30% anual. Comparado con regiones de referencia, las inversiones en capital de riesgo en América Latina y el Caribe tienden a ser más grandes, se centran menos en sectores de alta tecnología y es más probable que se financien desde el extranjero. Las transacciones de capital de riesgo en la región son realizadas por inversionist…

Economic growth and financial development in Brazil: a flexible regression model approach

This paper examines the relationship between economic growth and financial development in Brazil. To this end, a data panel is constructed of all the Brazilian states for the period 1995–2014, with appropriate control variables and proxies for economic growth and financial development. The relationship is analysed for five different indicators of financial development, with a view to capturing its different aspects. Flexible regression modelling determines the direction of this relationship, characterizing it as linear or non-linear for each financial development indicator. It is concluded tha…

Crecimiento económico y desarrollo financiero en el Brasil: investigación a partir del modelo de regresión flexible

En el presente trabajo se investiga la relación entre crecimiento económico y desarrollo financiero en el Brasil. Para ello, se construye un panel de todos los estados brasileños relativo al período 1995-2014, con variables de control apropiadas y variables sustitutivas para el crecimiento económico y el desarrollo financiero. Se analiza esta relación para cinco indicadores distintos de desarrollo financiero, con miras a captar diferentes aspectos de este. Por medio del modelado de regresión flexible se determina la dirección de esta relación y se la caracteriza como lineal o no lineal para ca…

CEPAL Review no. 128

Monetary regimes and labour institutions: an alternative interpretation of the downward trend in exchange-rate pass-through in peripheral countries / Martín Cherkasky and Martín Abeles . -- Models of the developmental state / Luiz Carlos Bresser-Pereira .-- The development of venture capital in Latin America and the Caribbean: a comparative perspective / Ernesto H. Stein and Rodrigo A. Wagner .-- The heterogeneity of effects of preschool education on cognitive outcomes in Latin America / Juan Antonio Dip and Luis Fernando Gamboa .-- Economic growth and financial development in Brazil: a flexib…

Revista CEPAL Nº 128

Report of the nineteenth meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee

Financing of education and technical and vocational education and training (TVET) in Latin America and the Caribbean

Un requisito fundamental para la consecución de los Objetivos de Desarrollo Sostenible (ODS) es contar con una educación de calidad, accesible e inclusiva (Objetivo 4). Las investigaciones han demostrado que las inversiones en capital humano —ya sea por parte del sector público, las empresas o los hogares— tienen gran impacto en el desempeño económico y el bienestar individual y social. El papel de la educación y formación técnica y profesional en este proceso es clave, especialmente cuando la economía mundial y regional experimentan importantes cambios. El mundo del trabajo evoluciona con rap…

Financing of education and technical and vocational education and training (TVET) in Latin America and the Caribbean

A key pre-requisite for achieving the Sustainable Development Goals is accessible and inclusive quality education (SDG 4). Research has shown that investments in human capital —by the public sector, by firms and by households— have a significant impact on economic performance as well as individual and social wellbeing. The role of technical and vocation education and training (TVET) in this process is key, especially as the global and regional economy undergoes significant changes. The world of work is evolving rapidly, as productive structures adapt to the shifts induced by the emergence of n…