This paper examines the genesis and evolution of debt and debt overhang in the Caribbean with individual case studies, to extract lessons and make broad recommendations with regard to appropriate mechanisms and policy measures that can be implemented to reduce the debt burden of the subregion. The econometric model utilized in the paper has shown that a one percent increase on debt to GDP ratio causes a 0.015decline in real GDP growth for the countries in the Caribbean panel, suggesting that debt has a pernicious effect on growth on Caribbean economies. What is even more worrisome was that Car…
Although the growth performance has been mixed in the Caribbean year, on averaged the economies posted an economic growth of 0.7 per cent in 2016. The goods producers achieved -3.1 per cent growth, due to weak commodity prices. While the service producers achieved 2.1 growth. Despite the anemic growth performance, the region managed to decrease its unemployment rate to 11.2 per cent in 2016, relative to the 15.2 per cent experienced in the previous year.…
La gran mayoría de las principales estadísticas económicas de Cuba tienen una periodicidad anual y se publican con un rezago de varios meses e, inclusive, de años. Por ello, nos parece importante contar con un indicador más oportuno (trimestral) de la actividad económica de Cuba, que sirva de herramienta para enriquecer y hacer más preciso el análisis macroeconómico del país caribeño.
Este documento analiza en detalle eta temática . En la primera sección se describe el procedimiento para construir un «indicador de la economía exterior de Cuba (IEE)», con una frecuencia trimestral. En la segund…
Experts across the region agree that there is significant potential for strengthening the economic contribution of the music and film industries in Jamaica and the wider Caribbean. However, this can only be fully realized by learning from industry success factors and, more importantly, by addressing existing constraints.
These findings emerged from a newly published study from the Economic Commission for Latin America and the Caribbean (ECLAC) on “The Film and Music Sectors in Jamaica: Lessons from Case Studies of Successful Firms/Ventures”.
Success factors in the Caribbean’s m…
A regional study analyzing the state of financial inclusion of SMEs in seven Latin American countries, and the role of development banks in improving it through innovative practices and focused financial instruments, has been elaborated as part of the similarly titled project headed by the Financing for Development Unit at ECLAC.
As of date, the regional report has been published in both Spanish and its original language, Portuguese. It brings together the main findings from the seven country cases studies—Argentina, Brazil, Colombia, Costa Rica, Ecuador, Mexico and Peru—and supplements them …
El estudio regional que analiza el estado de la inclusión financiera de las PyMEs en siete países de América Latina, y el papel de la banca de desarrollo para mejorarlo a través de prácticas innovadoras e instrumentos financieros específicos, se ha elaborado como parte del proyecto asociado (con título similar) a cargo de la Unidad de Financiamiento para el Desarrollo en la CEPAL.
Hasta la fecha, el informe regional se ha publicado en español y en su idioma original, portugués. El informe reúne los principales hallazgos de los siete estudios nacionales—Argentina, Brasil, Colombia, Costa Rica, …