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ECLAC will Present in Chile Its Latest Economic Report on Latin American and Caribbean's Countries

7 December 2017 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will present on Thursday, December 14 its Preliminary Overview of the Economies of Latin America and the Caribbean 2017, in which it will update its growth estimates for the region’s countries in the present year and projections for 2018. The report will be presented by Alicia Bárcena, ECLAC’s Executive Secretary, in a press conference at the Commission’s headquarters in Santiago, Chile, at 11:00 a.m. local time (UTC/GMT -3:00). The event will also be broadcast live on the Internet via the institution’s Web site. The 2017 edit…

Alicia Bárcena Urges Construction of Markets at the Service of Society

28 November 2017 | News

“We must build a future that effectively recognizes the market, but a market that is at the service of society, and not a society at the service of the market,” asserted Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) today during the closing ceremony of the international forum The Siege Upon Civilization: From Wall to Wall, held today in Mexico. The ECLAC senior representative was invited to close the event organized by the National Autonomous University of Mexico (UNAM) and the University of Guadalajara (UDG). During her remarks, Ali…

ECLAC sheds light on structure of Caribbean economies at Belize conference

16 November 2017 | News

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…

Offshore medical universities provide economic benefit to Caribbean host countries

27 September 2017 | News

On Tuesday, September 26, 2017, the Economic Commission for Latin America and the Caribbean (ECLAC) headquarters in Port of Spain hosted an expert group meeting (EGM) which discussed the ECLAC study “A global value chain analysis of offshore medical universities in the Caribbean.” The study takes a closer look at the Caribbean offshore medical university (OMU) cluster. It examines the contributions that the OMUs make to their host countries. Other factors affecting the competitiveness and long term viability of the OMU cluster in the Caribbean were discussed by experts from Barbados, G…

ECLAC facilitates Public Expenditure Review process in Belize

5 September 2017 | News

Consultations aimed at explaining the importance of pursuing public expenditure reviews (PERs) as part of the budget process were facilitated in Belize by a team from the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean, led by Deputy Director, Dr. Dillon Alleyne, along with Coordinator of the Economic Development Unit at ECLAC Caribbean, Sheldon McLean, and consultant, Professor Vanus James. PERs are intended to align expenditures with government’s priorities. They also aim to provide savings, either from expenditure reallocati…

Chilean Economist Ricardo Ffrench-Davis Will Deliver XV Raúl Prebisch Lecture at ECLAC

29 August 2017 | Announcement

On Tuesday, September 5, renowned Chilean economist Ricardo Ffrench-Davis will deliver the XV Prebisch Lecture at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, where he will be received by Alicia Bárcena, Executive Secretary of the United Nations regional organization. Ffrench-Davis, winner of Chile’s National Prize for the Humanities and Social Sciences in 2005 and professor at the University of Chile’s Economics Department, will make a presentation at 11 a.m. entitled “Neostructuralism and macroeconomics to grow while including.” …

Economic Performance of Latin American and Caribbean Countries during 2017 will Be Analized in New ECLAC Report

19 July 2017 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will present next Thursday, 3 August, its Economic Survey of Latin America and the Caribbean 2017, a publication updating growth estimates for the region’s countries in the current year. ECLAC’s Executive Secretary, Alicia Bárcena, will present the report during a press conference that will be held at 11:00 a.m. (GMT – 04:00) at the organization’s headquarters in Santiago, Chile, and will be broadcast live via Internet at the institution’s Web site. The Economic Survey of Latin America and the Caribbean is one of ECLAC’s most…

ECLAC lays out framework for building a competitive Caribbean economy

30 March 2017 | News

In order to build a competitive economy, Caribbean countries must engage in economic restructuring and diversification practices in several areas, including agriculture, transportation and telecommunications. This, according to the latest policy brief from the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean. Entitled `A framework for Caribbean medium-term development’, the brief examined the adjustments that the subregion has made – and the ones that it may need to make – in response to the challenging global environment. It obse…

Labor Income Inequality Shrank in Uruguay between 2007 and 2014 Despite an Increase in Productive Heterogeneity

9 December 2016 | News

Inequality in labor income fell significantly between 2007 and 2014 in Uruguay despite the fact that inequality in productivity continued to rise, probably facilitated by a series of labor and tax policies implemented during that period, according to a new book published by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO). The book entitled Toward Inclusive Development: The Case of Uruguay (only available in Spanish) analyzes the country’s evolution from 2001 to 2014 in terms of economic growth, labor market dynamics and social…

ECLAC will Update Its Growth Projections for Latin American and Caribbean’s Countries

6 December 2016 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will present on Wednesday, December 14 its Preliminary Overview of the Economies of Latin America and the Caribbean 2016, in which it will update its growth estimates for the region’s countries in 2016 and projections for 2017. Alicia Bárcena, ECLAC’s Executive Secretary, will give a press conference to present the report at the Commission’s headquarters in Santiago, Chile, at 3:00 p.m. local time (UTC/GMT -3:00). The event will also be broadcast live on the Internet via the institution’s Web site. The Preliminary Overview of …

ECLAC delivers “strong answer” to the budgeting process needs of Caribbean public administrations

3 October 2016 | News

The Economic Commission for Latin America and the Caribbean (ECLAC) has provided a “strong answer” to what senior public officials across the Caribbean have been searching for in order to improve the budgeting process of public administrations, according to the participants of a week-long regional training workshop that provided officials with robust tools and techniques necessary for more effective management of public finances. Public Expenditure Reviews (PERs) are intended to align public sector expenditure with the priorities of national governments. They also promote increased savings, ei…

ECLAC budget training beneficial to policy makers in Barbados

5 September 2016 | News

The budgeting process is set to greatly improve in Barbados as a result of ECLAC Caribbean’s training for public finance managers on Public Expenditure Reviews (PERs), according to Mr. Seibert Frederick, Permanent Secretary in the Barbados Ministry of Economic Affairs. Speaking at the high-level briefing that concluded the training workshop, on 26 August 2016, Mr. Frederick emphasized the value and potential of the techniques imparted, in bolstering the efficiency of the budgeting exercise, and noted that the training would have definitely benefitted permanent secretaries. The participan…

Mexico Must Boost Investment and Reduce Inequality to Get Out of the Rut of Slow Growth

1 September 2016 | News

The Mexican economy must significantly increase investment, especially public investment, and reduce inequality if the country wants to get out of the rut of slow growth in which it has been stuck for decades, according to a recent study published by ECLAC’s Subregional Headquarters in Mexico. In the report, entitled Trends and Cycles of Fixed Capital Formation and Productive Activity in the Mexican Economy, 1960-2015 (in Spanish only), ECLAC consultants Juan Carlos Moreno-Brid, Jamel Kevin Sandoval and Ismael Valverde analyze investment and its relationship to productive activity from a long-…

Tax Evasion in Latin America Totals $340 Billion Dollars and Represents 6.7% of Regional GDP

1 September 2016 | News

The fiscal reforms implemented in recent years have been reflected in the moderate growth of tax collection levels in Latin American countries. Nevertheless, in most of them, the fiscal burden is still low with respect to their development levels and, as ECLAC has shown in recent reports, tax systems maintain a regressive bias because direct taxes do not generate enough fiscal income to have an important impact on redistribution. This outcome is mainly due to the low level of effective taxation rates in Latin America, especially in the high-income decile. That is why tax evasion constitutes on…

Improved budgeting process on the horizon in Saint Kitts and Nevis, as ECLAC wraps-up training

9 August 2016 | News

A recent training workshop facilitated by the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean has “opened the eyes” of the Ministry of Finance of Saint Kitts and Nevis on how budgeting can be done “better”, according to Mr. Calvin Edwards, Deputy Financial Secretary in the Ministry of Finance. The objective of the workshop was to build the capacity of public officials to conduct Public Expenditure Reviews (PERs) with applications to their respective sectors. PERs are intended to align expenditures with government’s pri…

Antigua and Barbuda Permanent Secretary praises ECLAC training of public finance managers

4 August 2016 | News

Permanent Secretary of the Ministry of Health in Antigua and Barbuda, Mr. Walter Christopher, emphasized the value and potential of the techniques imparted to bolster the efficiency of the budgeting exercise. He was attending the high level briefing seminar following a week-long training workshop hosted by the ECLAC subregional headquarters for the Caribbean. The objective of the workshop was to build the capacity of public officials to conduct Public Expenditure Reviews (PERs) with appropriate applications for their respective sectors. The initiative complemented the recently launched ECLAC d…

ECLAC team trains Belize public finance managers

21 July 2016 | News

Twenty Government officials from Belize benefited from a one week workshop to build capacity in Conducting Public Expenditure Reviews (PERs), focusing on Applications for Education, Health, Agriculture and Social Protection. PERs are intended to align expenditures with government’s priorities. They are also intended to provide savings, either from expenditure reallocation or by reducing unproductive expenditures. In addition they improve fiscal management and can provide fiscal space especially when a country is experiencing high debt levels. The workshop conducted by ECLAC Caribbean, wh…

ECLAC Will Launch Its Economic Survey of Latin American and Caribbean 2016

20 July 2016 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will present next Tuesday, July 26, its Economic Survey of Latin American and Caribbean 2016, a publication updating growth estimates for the region’s countries in the current year. ECLAC’s Executive Secretary, Alicia Bárcena, will present the report during a press conference that will be held at 11:00 a.m. at the organization’s headquarters in Santiago, Chile, and will be broadcast live via Internet at the institution’s Web site. The Economic Survey of Latin American and Caribbean 2016 is one of ECLAC’s most important annual …

ECLAC Presents its Overview of the Region’s Economies in 2015 and its Projections for Next Year

7 December 2015 | Announcement

The Economic Commission for Latin America and the Caribbean (ECLAC) will present on Thursday, December 17 its Preliminary Overview of the Economies of Latin America and the Caribbean 2015, in which it will provide the latest growth estimates for the region’s countries in 2015 and projections for next year. Alicia Bárcena, ECLAC’s Executive Secretary, will give a press conference to present the report at the Commission’s headquarters in Santiago, Chile, at 11:00 a.m. local time. The event will also be broadcast live on the Internet via the institution’s Web site. The Preliminary Overview of the…

Uruguay Can Move Ahead on Implementing Green Taxes

3 December 2015 | News

Uruguay lags comparatively with regard to the inclusion of environmental considerations in policy instruments, according to the study Green Taxes: Viability and Possible Impacts in Uruguay (Spanish only), which was prepared by the Montevideo Office of the Economic Commission for Latin America and the Caribbean (ECLAC). Nevertheless, the document warns about the use of instruments or mechanisms that, if the environmental criteria are not specified, have direct consequences on the environment, such as in the case of taxing fossil fuels. The report reviews international environmental scholarship …

109 search results. Displaying 20 per page.