Essential elements of the ECLAC Caribbean Resilience Fund : a segregated portfolio trust fund. Policy Brief

21 December 2021 | Publication

Work area(s)

Economic development International trade and integration Planning for development Production, productivity and management Sustainable development and human settlements

Topic(s)

Climate change COVID-19 Disasters Economic growth Financial and monetary sector Financing and external debt Financing for development Fiscal affairs Foreign direct investment Planning Industrial development Infrastructure International cooperation International trade Investment Macroeconomics Micro, small and medium-sized enterprises (MSMEs) Middle-income countries Monitoring of international/regional agreements Productivity Public policies Sustainable development Trade policy and trade agreements Value chains Microeconomics Foresight

Essential elements of the ECLAC Caribbean Resilience Fund : a segregated portfolio trust fund. Policy Brief

- Publication corporate author (Institutional author): NU. CEPAL. Sede Subregional para el Caribe
- Physical description: 10 páginas.
- Publisher: ECLAC, Subregional Headquarters for the Caribbean
- UN symbol (Signature): LC/CAR/2021/12
- Date: 21 December 2021

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Abstract

Declining economic growth and competitiveness, the impact of the 2007–2009 global financial crisis, and the challenge of climate change and extreme weather events have hindered the sustainable development of Caribbean economies, the generation of sustained welfare gains and the achievement of key Sustainable Development Goals (SDGs). Moreover, the COVID-19 pandemic has exacerbated the subregion’s vulnerability to the vagaries of global aggregate demand and commodity prices, which have largely driven the subregion’s debt upwards and dampened economic growth before its onset, compromising its economic performance and further decelerating the subregion’s growth in 2020.

SDG(s)

1. No poverty 13. Climate action 17. Partnership for the goals

Subregional headquarter(s) and office(s)

Subregional Headquarters, Port of Spain