The total amount of debt issued by LAC borrowers from January to November 2017 reached US$ 138 billion, the highest annual amount ever issued in the region. Investors’ enthusiasm for LAC assets was supported by synchronized growth at the global level, still low interest rates across de globe (with only a very gradual tightening in the United States), weakness in the U.S. dollar, and an improvement in the region’s own economic conditions. On the sovereign side, seventeen countries tapped international bond markets this year, with Argentina topping the list with 28% of the total sovereign issuan…
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…
Em 2017, a América Latina e o Caribe enfrentaram um contexto externo mais favorável no âmbito real e financeiro. No âmbito real, a economia mundial cresceria a uma taxa de 2,9%, cifra superior aos 2,4% alcançados em 2016. A melhora no crescimento foi quase generalizada e beneficiou tanto as economias desenvolvidas como as emergentes, que mostraram uma aceleração no ritmo de crescimento durante o ano. A taxa estimada de crescimento para as primeiras em 2017 é de 2,1% (frente a 1,6% em 2016), enquanto a taxa estimada para as segundas é de 4,5% (frente a 4,0% em 2016). Prevê-se que este contexto …
The Debt Swap initiative, which was first presented at ECLAC’s Caribbean Development Roundtable in Saint Kitts and Nevis early in 2016,is a mechanism intended to address at once the crippling debt of the Caribbean and their need to generate the resources needed to finance resilience building measures. It is an innovative strategy that involves harnessing concessionary flows to transform the debt of the region into a source of investment in resilience, while at the same time re-energizing growth and promoting economic transformation in the economies of the subregion, through investment in…
Thirty-two public officials, senior officers and decision makers from several Eastern Caribbean Currency Union (ECCU) countries gathered in Saint Vincent and the Grenadines this week, to gain a better understanding of the tools needed to provide deeper trade analysis that would support future Economic Union trade negotiations among members of the OECS.
Hosted by the Ministry of Foreign Affairs and Foreign Trade of Saint Vincent and the Grenadines, the workshop introduced participants to a suite of cutting-edge digital tools that will bolster their ability to analyse national trade compe…
Representatives from the Economic Commission for Latin America and the Caribbean (ECLAC) presented this Monday 20 November the organization’s debt for climate adaptation swaps proposal for the Caribbean nations striken by the recent hurricane season, during a high level conference being held in the United Nations’ headquarters in New York until Tuesday 21 November.
The CARICOM-UN High Level Pledging Conference: “Building a more Climate Resilient Community”, was convened by the Caribbean Community (CARICOM), with support from the United Nations Development Programme (UNDP), and looks to mobilis…
Representantes de la Comisión Económica para América Latina y el Caribe (CEPAL) presentaron este lunes 20 de noviembre la propuesta del organismo para aliviar la deuda de las naciones del Caribe que han sido golpeadas por la reciente temporada de huracanes, mediante el canje de instrumentos para la adaptación al cambio climático, durante una conferencia de alto nivel que se realiza en la sede de las Naciones Unidas en Nueva York hasta el martes 21.
La Conferencia de donantes de CARICOM-ONU: “Construyendo una Comunidad más Resiliente al Clima” fue convocada por la Comunidad del Caribe (CARICOM)…
ECLAC’s Deputy Director, Dr. Dillon Alleyne, attended the 49th Annual Monetary Conference which took place in Belize City from 8-10 November 2017, and presented a paper on strategies to model Caribbean economies in light of the emphasis on the United Nations’ Sustainable Development Goals(SDGs).
The response to the Caribbean’s high debt burden has thus far focused on raising taxes and curbing expenditure, despite sluggish domestic and external demand, in order to reduce government’s borrowing requirements and stabilise the debt overhang.
Dr. Alleyne noted that since the global econ…
“Latin America and the Caribbean needs to move toward a new development paradigm based on equality and environmental sustainability as the drivers of growth. The current model, capitalism, doesn’t work,” Alicia Bárcena, the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), stated this Wednesday, November 15, at a high-level forum held in Mexico City.
Bárcena participated in the opening session of the international forum The Siege Upon Civilization: From Wall to Wall – organized by the National Autonomous University of Mexico (UNAM) and the University o…
“América Latina y el Caribe necesita avanzar hacia un nuevo paradigma de desarrollo basado en la igualdad y sostenibilidad ambiental como motores del crecimiento. El actual modelo, el capitalismo, no funciona”, declaró este miércoles 15 de noviembre Alicia Bárcena, Secretaria Ejecutiva de la CEPAL, en un foro de alto nivel efectuado en Ciudad de México.
Bárcena participó en la apertura del coloquio internacional Los acosos de la civilización. De muro a muro, que organizan la Universidad Nacional Autónoma de México (UNAM) y la Universidad de Guadalajara (UDG), en el cual se debatió el Proyecto …