Tag: UN Economic Commission for Latin America and the Caribbean (ECLAC)

Caribbean, Latin America Lost $1 Billion Due To COVID-19 Pandemic, ECLAC Says

SANTIAGO, Chile — Latin America and the Caribbean received US$105.48 billion in Foreign Direct Investment, FDI, in 2020 – 34.7 percent less than in 2019, 51 percent less than the record high achieved in 2012, and the lowest since 2010, the Economic Commission for Latin America and the Caribbean (ECLAC) indicated during the presentation of […]

Income Level Alone Should Not Determine How Much Benefit Aid A Country Receives: OP-ED Piece

SANTIAGO, Chile — The recent call to action by the Secretary of the Treasury of the United States, Janet Yellen, to the G-20 for a new issue of IMF Special Drawing Rights (SDRs), which the G-20 recently approved, and the re-allocation of excess SDRs to low-income countries (LICs) is a much welcome and needed initiative. […]

Caribbean Will See Positive Growth In 2021, But Not Return To Pre-Pandemic Levels of Economic Activity

SANTIAGO, Chile — The Latin America and the Caribbean region will experience a contraction of -7.7 percent in 2020 but will have a positive growth rate of 3.7 percent in 2021, due mainly to a statistical rebound that will nonetheless be insufficient for recovering the economic activity levels seen prior to the coronavirus pandemic (in […]

Webinar Tuesday To Discuss Active Role Of Caribbean In Halting Spread of COVID-19

ST. AUGUSTINE, Trinidad and Tobago — With the active policy shift from COVID-19-driven responses to post-COVID-19 recovery, the debate now is over what comes next for the Caribbean and the role of partnerships. For the Caribbean region, the United Nations (UN) remains a vital channel of support for the region. It is in this context […]

Agriculture At A Crossroads In Caribbean And Latin America: World Bank Study

BRIDGETOWN — Agriculture and food systems in Latin America and the Caribbean Region (LAC) stand at a crossroads. The declining visibility to public policy makers of farming and ranching in the rapidly urbanizing region has contributed to the perception that agriculture has diminished in importance and that attention can safely shift to other priorities. This […]

COVID-19: Slow Road To Jobs Recovery Tor The Caribbean And Latin America

SANTIAGO, Chile — The labor market in Latin America and the Caribbean faces a slow recovery after the COVID-19 pandemic, highlighting the need for “active macro policies” and other measures to promote sustainable development alongside getting people back into the workforce.  That is the main finding of a joint report published on Tuesday by the […]

Caribbean States Need Urgent Help To Face High Debt Due To COVID-19: ECLAC

SANTIAGO, Chile — Caribbean countries, especially the small island states, need support from the international community to confront the “perfect storm” that is looming over them: heavy indebtedness and a liquidity crisis, vulnerability to climate change, and high expenditures due to the COVID-19 pandemic, Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America […]

Countries of Latin America And The Caribbean Approve ECLAC’s Proposal For Transformation In The Wake of COVID-19

SAN JOSE, Costa Rica — The thirty-eighth session of the Economic Commission for Latin America and the Caribbean (ECLAC) concluded on Wednesday with countries’ recognition of the work carried out by the United Nations regional commission. The Commission also approved the document Building a New Future: Transformative Recovery with Equality and Sustainability, in which the Commission calls for […]

ECLAC Will Hold Biennial Meeting Virtually Next Week

SAN JOSE — The Economic Commission for Latin America and the Caribbean (ECLAC) will hold on October 26-28 its thirty-eighth session, the United Nations regional commission’s most important biennial meeting. There, ECLAC will give an account of its activities in the 2018-2020 biennium and participants will address the priorities of the sustainable development agenda in the […]

ECLAC Knows How Latin America and The Caribbean Can Move Forward In A Post COVID-19 World

SANTIAGO, Chile — It will be essential to maintain and deepen active macroeconomic policies to achieve recovery and economic and social transformation after the crisis unleashed by the coronavirus pandemic, ECLAC indicated in a report entitled Economic Survey of Latin America and the Caribbean 2020. Main conditioning factors of fiscal and monetary policies in the post-COVID-19 […]