United Nations
Financing for development
The mission of ECLAC in the area of financing for development is entrusted to its Economic Development Division and consists in promoting the effective generation and efficient allocation of financial resources to support development and equality in Latin America and the Caribbean.
Activities
Heading to COP 30: NDC 3.0, investments and financing
The event brings together representatives from ministries of environment, planning, and finance, along with actors from the financial and private sectors. Its goal is to design roadmaps toward more ambitious climate goals in Latin America and the Caribbean in the context of COP30. This space aims to foster international cooperation, review lessons learned, and explore financing opportunities to implement Nationally Determined Contributions (NDCs), ensuring socio-economic co-benefits and resilience to climate change.
Thirty-ninth session of ECLAC
The thirty-ninth session of the Economic Commission for Latin America and the Caribbean (ECLAC) will be held from 24–26 October 2022, at the Centro Cultural Kirchner in Buenos Aires, pursuant to resolution 753 (PLEN.36), adopted at the thirty-sixth session of the ECLAC Committee of the Whole, held in New York on 3 December 2021. The meeting will be held in accordance with the ECLAC calendar of conferences for the period 2021–2022.
Towards COP27: Regional forums on Climate Initiatives to Finance Climate Action and the SDGs - Roundtable on Climate Finance – The Energetic Transition in Latin America and the Caribbean
Ahead of COP27, the UN system, leveraging its convening power, network of experts and influencers at regional levels, will partner with the incoming Egyptian Presidency of COP27 and the UN Climate Change High-Level Champions for COP26 and COP27 to organize a series of five regional forums on “Towards COP27. The Economic Commission for Latin America and the Caribbean proposes to address the region’s energy transition as the thematic focus of the Roundtable on Climate Finance, in consideration of both the short-term impacts of the conflict between the Russian Federation and Ukraine on global energy prices and of the medium and long-term potential of the sector for job creation, productive change and the reduction of greenhouse gas emissions, in accordance with the Paris Agreement.
High-level meetings on the ECLAC Caribbean Resilience Fund
The Caribbean Resilience Fund (CRF) is an innovative mechanism to leverage absolutely necessary finance for development while simultaneously reducing the growing and onerous debt burden. In-depth discussions will address the main elements of the CRF; its structure, participation and governance. This will include reflection on optimal housing of the CRF and scope for capitalization of the Fund. The meeting will also explore important next steps for initiating debt swap negotiations.
News
Experts call for debt restructuring and new financial instruments to tackle climate change and nature loss in ‘critical decade of action’
The threat of global recession and cuts to overseas aid make it more vital than ever to tackle ‘triple crisis’ of indebtedness, climate impacts and nature loss, says landmark report. IMF and World Bank urged to reform their debt sustainability analysis and help developing countries restructure their debts to support climate-resilient and nature- smart growth plans within ‘critical decade of action’. Developed countries, development banks and private sector urged to develop innovative new financing instruments for green investments in light of recent global upheaval.
Forum on Sustainable Development in Latin America and the Caribbean: An Example of Multilateralism in Action
Five years before the deadline for fulfilling the 2030 Agenda, delegates agreed that the region must step up its efforts to move towards achieving the SDGs, through collaboration between multiple stakeholders and a focus on managing the transformations.
At the Current Pace, Only 23% of the Sustainable Development Goal Targets Will Be Achieved by 2030 in Latin America and the Caribbean
José Manuel Salazar-Xirinachs, ECLAC’s Executive Secretary, presented a new report on follow-up of the 2030 Agenda in the region, emphasizing the importance of strengthening institutional capacities to manage transformations and reasserting the value of multilateralism as a catalyst for action and hope, in the face of a complex international context.
Specialists Reaffirm that it is Necessary to Have a Development Measurement that Goes Beyond GDP and to Move Towards a Multidimensional Measurement
An international seminar on measuring development and how that relates to international cooperation concluded today at ECLAC’s main headquarters in Santiago, Chile.
