In Caribbean small island developing States (SIDS), electrical power outages are frequent in the aftermath of major weather events. While local service disruptions often last a few days after these events, nationwide power grid failures lasting several weeks, or months have resulted in enormous social and economic impacts. In 2017, Hurricane Maria left 90 per cent of the population of Dominica without access to electricity for over four months (Commonwealth of Dominica, 2020) and caused a systemwide collapse of Puerto Rico's power grid that took 11 months to be entirely restored (Campbell…
1 Feb 2015, 00:00 - 14 Oct 2025, 07:49
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Publicación
This study builds on the Corporate governance and development of capital markets in Latin America report published by the Development Bank of Latin America (CAF) and the Economic Commission for Latin America and the Caribbean (ECLAC), which looked at the regulatory framework related to the principles of corporate governance in the region and assessed its contribution to the development of capital markets. This book complements the previous study and is the result of a joint effort by CAF, the Inter- American Development Bank (IDB) and ECLAC to identify the key elements of corporate governance …
1 Nov 2014, 00:00 - 14 Oct 2025, 07:49
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Publicación
This paper reviews the current status of the international fight against money laundering and the financing of terrorism, highlighting the importance of its prevention for economic and financial stability in Latin America and the Caribbean. It synthesizes the recent history of international legislation and agreements with respect to the issues, and presents the framework of public and private sector actors engaged in combating these threats. It reviews Latin American and Caribbean countries’ compliance with the Financial Action Task Force (FATF) (40 + 9) Recommendations, and analyzes the regio…
1 Mayo 2012, 00:00 - 14 Oct 2025, 07:49
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Publicación
The versatility of electricity, which can be transformed into heat, light or mechanical movement, makes it a very valuable form of energy. It can be used to light a home, cook food or move machinery in productive processes. Access to electricity is thus crucial for human and economic development. In the 1980s and 1990s, Latin America and the Caribbean substantially reformed the electricity sector. During this process, most of the countries in the region privatized all or part of the sector, which historically had been in the hands of the state. Thus, private companies largely took charge of el…
Food safety and agricultural health standards have become a mayor challenge for food exports from developing countries in the past few years (Jaffe & Henson, 2005; OECD, 2003; Josling, Roberts & Orden, 2004; Maskus & Wilson, 2001). As tariff rates were negotiated down in the context of the World Trade Organization (WTO) and in regional and bilateral trade agreements, international trade in agro-food products increased substantially and so did concerns over food safety and agricultural health in food importing countries. Several countries, including the U.S, started to pay closer at…
The hundredth anniversary of the birth of Raúl Prebisch
is an invaluable opportunity for us to take another look
at the ideas of this great Latin American, one of the
thinkers from the developing world who has had the
strongest influence in world economic debates. His
ideas have been the subject of heavy criticism, but much
of this has been based on distorted versions of his
thinking or of its practical application, rather than his
true intellectual work. Taking his proposals out of their
historical context has also been a frequent practice, even
by some of his own followers. It should be reme…
5 Mayo 2016, 00:00 - 14 Oct 2025, 07:49
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Publicación
This paper was prepared to guide the first session of the training workshop Introduction to Financial Feasibility Assessment of EE and RE Projects in the Caribbean. It explores two potential reasons that might be hindering the adoption of energy efficiency policies in the Caribbean. The first reason is related to the availability of primary infrastructure. Countries with deficits on their primary infrastructure might not consider energy efficiency policies as a priority for a national discussion. The second reason is debt overhang. In this type of scenario, countries might be dissuaded to cond…
29 Jul 2015, 00:00 - 14 Oct 2025, 07:49
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Nota informativa
This document synthesizes the most pertinent findings of a survey of over 41 container terminals around the world of which 30 are located in Latin America and the Caribbean and represent 1/3 of the regional annual container throughput in 2014.
The results are part of a global study on energy consumption in terminals and ports of all kinds. Follow ‐ up publications including a larger set of countries as well as with specifications for bulk cargo, liquids and gas are under way. Furthermore, sub ‐ regional and national seminars are envisaged over the course of the year to present the study’s resu…
1 Oct 2014, 00:00 - 14 Oct 2025, 07:49
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Publicación
Much analysis and proposals on sustainable transport policies have been developed around the world, both at government and research institutions. It is clear that no action will provide the single solution and it is imperative to act simultaneously on: i) improvement of technology in vehicles, leading to increased energy efficiency; ii) the change in driver behavior, to use less fuel per kilometer; iii) reducing the distances traveled per vehicle; and iv) a change in the type of travels towards more sustainable modes of transport.In general, the recommendations for energy efficiency in transpo…
1 Feb 2014, 00:00 - 14 Oct 2025, 07:49
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Publicación
Guyana, like many CARICOM countries continues to depend on imported oil that fuels the electricity and transport sectors. Simultaneously, the high level of expenditure on oil reduces the financial resources available to invest in social development, environmental protection, adaptation to climate change and improving food security. The electricity sector in Guyana, in particular, offers significant opportunities for achieving reductions in fossil imports. However, fiscal and regulatory barriers to energy efficiency and renewable energy use are apparent in Guyana.
This document seeks to identif…
1 Oct 2011, 00:00 - 14 Oct 2025, 07:49
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Publicación
This report presents the results of a survey of multinational enterprises (MNEs) from Chile, carried out by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and the Vale Columbia Center on Sustainable International Investment (VCC), a joint undertaking of Columbia Law School and The Earth Institute at Columbia University in New York. The survey, conducted in 2011, covers the period 2009-2010 and was undertaken in the framework of the Emerging Markets Global Players (EMGP) project, an initiative of the VCC that brings together researchers from leading instituti…
Job creation continues to be a priority in economic policy because the wellbeing of families depends on the quantity and quality of jobs available. In 2004-2008, Latin America recorded its highest economic growth in 40 years, which has had a positive impact on job creation, in contrast to the minimal improvements in both job numbers and quality posted during periods of slow economic growth. Economic growth is not, however, the only factor that shapes these two aspects of employment. The three pillars of the institutional framework for labour, namely, the regulations governing individual and co…
1 Jun 2009, 00:00 - 14 Oct 2025, 07:45
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Publicación
The document assesses of the situation of the maritime sector in CARICOM and presents a series of new observations and issues. Challenges and barriers in the maritime sector, or problems created through inefficiencies in the maritime sector are analyzed for: maritime freight transport, cruise shipping, ports and yachting. Whilst the first three are part of the original structure of the study, the fourth is included to show the full extension of the maritime sector. To be able to understand the challenges and role of maritime transport in a regional and global context, it is essential to consid…
Given the increasing difficulty of ensuring the supply of crude oil and oil products, and the sharp increase in their prices, biofuels programmes in the developed countries-particularly the United States and the European Union-represent a series of opportunities, challenges and risks for the countries of Latin America and the Caribbean. Thus, if biofuels production is to create economic growth without jeopardising our natural capital and social equity, it must be developed in the framework of well thought-out national policy.Biofuels public policy cannot ignore national objectives, which invol…
1 Jun 2005, 00:00 - 14 Oct 2025, 07:49
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Publicación
Jamaica has abundant renewable energy sources (RES), which have hardly been tapped in the past and could provide for large shares of the future energy requirements. In 2005, around 5% of the expected 4,020 GWh of electricity produced will be based on RES (wind and hydropower). With the new planned target of a share of 15% RES electricity by 2012, a combined renewable capacity of about 175 MW would need to be installed in that year. There is further wind potential on Jamaica, even if no exact figures can be given on the magnitude of the exploitable wind potential. Nonetheless, it seems realisti…
19 Mayo 2004, 00:00 - 14 Oct 2025, 07:49
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Publicación
The World Summit on Sustainable Development, held in Johannesburg, August 2002, responded to a new cycle of global meetings that began with the Millennium Summit. The main characteristic of this new cycle is that the focus of the debate has moved away from declarations of principle toward identifying objectives and areas of concrete action, with quantitative commitments and deadlines for compliance. Debates about energy held an important position in Johannesburg. The positive links between access to energy, eliminating poverty and improving People's health and quality of life were emphasi…
1 Oct 2003, 00:00 - 14 Oct 2025, 07:49
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Publicación
Summary In Latin America, energy efficiency and renewable energy offer great potential for reducing the negative effects of the ever-increasing rates of energy consumption associated with economic growth and the move towards more energy-intensive societal models. Despite over two decades of discussions aimed at giving energy efficiency and renewable energy more prominent positions in the energy policies of Latin American countries, little has been achieved so far. The fact that these issues have not been integrated into energy policies reflects, to a certain extent, a failure on t…
1 Mar 2003, 00:00 - 14 Oct 2025, 07:45
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Publicación
Abstract The paper deals with changes in the regulation and supervision of the Latin American financial sector in the aftermath of the Tequila Crisis of 1994-1995. While it finds that both have improved, regulation and supervision cannot resolve all problems; good macroeconomic policy and performance are essential complements. This is especially true because of the procyclical nature of financial activity. The paper presents both regional data for Latin America, contrasting it with other emerging markets, and four country case studies (Argentina, Brazil, Chile, and Mexico). The latter show how…
1 Ene 2003, 00:00 - 14 Oct 2025, 07:49
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Publicación
Abstract New technological options that permit the use of digital systems to create and disseminate information around the world are paving the way for new means of organizing society and economic production and are gradually giving rise to a meta-paradigm that has come to be referred to as the Information Society. Viewed from the perspective of developing countries, the question of how to employ this emerging paradigm to achieve broader development goals and to integrate them more fully into the global Information Society is an issue of the utmost importance on the development agenda…
6 Nov 2002, 00:00 - 14 Oct 2025, 07:49
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Publicación
This study is a measure of the impact of the yachting sector in Saint Lucia specific to the
terms of reference as presented by the Economic Commission for Latin America and the
Caribbean (ECLAC). This study is part of the project: Development of a Subregional Marinebased
Tourism Strategy, co-funded by the Government of the Netherlands, which is aimed at the
development of sustainable yachting in the Eastern Caribbean and focuses on the island arc from
the British Virgin Islands in the north to Trinidad and Tobago in the south. This study was
compiled based on information gathered through inter…