United Nations Economic Commission for Latin America and the Caribbean
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Second report on the implementation of the Biennial programme of regional and international cooperation activities, 2024–2025, of the Statistical Conference of the Americas of the Economic Commission for Latin America and the Caribbean
Get PDFClimate change and monetary policy in Latin America and the Caribbean
Get PDFClimate change poses significant challenges to economic stability, particularly in vulnerable regions such as Latin America and the Caribbean (LAC). This paper examines the macroeconomic and monetary policy implications of climate risks in the region, focusing on both physical and transition risks. Physical risks, including extreme weather events and long-term climate shifts, disrupt productivity, infrastructure, and supply chains, intensifying inflationary pressures and hindering economic growth. Transition risks, driven by the shift to a low-carbon economy, impact key industries and labor markets, while also creating opportunities for green investments and innovation.
The study explores how climate change disrupts the traditional monetary policy transmission mechanism, requiring central banks to adapt their frameworks and tools. It emphasizes the crucial role of central banks in integrating climate risks into monetary policy, promoting sustainable finance, and collaborating with fiscal authorities to enhance climate resilience. The findings highlight the importance of robust data collection, policy coordination, and regional cooperation to address these challenges effectively. By tailoring monetary policies to the LAC region’s distinct socio-economic and environmental context, central banks can play a key role in mitigating climate-related disruptions and fostering sustainable growth.Abstract .-- Introduction .-- I. Macroeconomic risks related to climate change in Latin America and the Caribbean .-- II. Monetary policy and climate change .-- III. Conclusions: challenges for monetary policy in Latin America and the Caribbean
Bridges for gender equality between Latin America and the Caribbean and Germany: Criteria and priorities for a regional feminist development cooperation policy
Get PDFBridges for gender equality between Latin America and the Caribbean and Germany: Criteria and priorities for a regional feminist development cooperation policy presents the outcomes of the project “Success criteria for a feminist development cooperation policy specific to Latin America and the Caribbean” developed under the Strategic Alliance between the Economic Commission for Latin America and the Caribbean (ECLAC) and the Federal Ministry for Economic Cooperation and Development of Germany (BMZ) and carried out by the ECLAC Division for Gender Affairs and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) between 2022 and 2024. The document covers the dialogue and multi-stakeholder exchanges conducted between the government institutions involved in international cooperation, civil society organizations, academics and the United Nations system. It also includes an analysis of the GIZ project portfolio in Latin America and the Caribbean, participation in intergovernmental forums and new cooperation projects. The aim is to present success criteria for drawing up a feminist development cooperation policy between Germany and Latin America and the Caribbean
Aspectos metodológicos y operativos de las encuestas de posenumeración censal: la experiencia brasileña del Censo Demográfico de 2022
Get PDFEn este artículo se describe la experiencia brasileña en la planificación, ejecución y divulgación de la encuesta de posenumeración del Censo Demográfico de 2022 del Brasil y se la confronta con las recomendaciones internacionales sobre el tema y las lecciones aprendidas en encuestas anteriores del Instituto Brasileño de Geografía y Estadística (IBGE). Para ello, se examinan la viabilidad, los desafíos y las ventajas de la encuesta de posenumeración censal, abordando aspectos como la planificación, la definición de la muestra y del cuestionario, el inicio de la recopilación, las innovaciones y los distintos usos de los resultados, con miras a contribuir al debate sobre diversos aspectos relacionados con el estudio de la cobertura censal en América Latina
Report of the Thirtieth meeting of the Presiding Officers of the Regional Council for Planning of the Latin American and Caribbean Institute for Economic and Social Planning (ILPES)
Get PDFCaracterización y tipología de sitios de servicios en línea en América Latina y el Caribe
Get PDFA pesar de la importancia creciente del comercio de servicios en entornos digitales, su medición es incipiente y enfrenta limitaciones, especialmente en países en desarrollo. Este trabajo busca reducir esta brecha mediante la construcción de una nueva base de datos de más de 2.600 sitios en línea asociados al comercio de servicios en sectores seleccionados en Argentina, Brasil, Chile, Colombia, México y Perú. A partir del análisis de los sitios, se caracterizan sus modelos de negocio y su funcionalidad de acuerdo con un conjunto de atributos que permite entender cómo es la presencia en línea de los distintos sectores y cómo las empresas generan, entregan y capturan valor a través de los sitios. Luego, se aplican técnicas de clusterización para identificar patrones comunes y tipologías de sitios. Finalmente, a partir de datos de tráfico de visitas a cada sitio en cada país, se caracteriza la actividad en línea de los sectores seleccionados, incluyendo un análisis por género y por segmentos de edad. Los resultados sugieren que, desde el punto de vista de la lógica de los modelos de negocios, la semejanza entre sitios no sigue un ordenamiento sectorial, sino que hay una variedad de configuraciones dentro de un mismo sector, con predominancia de sitios que crean valor a través de ventas directas o servicios de intermediación. No se observan diferencias en la caracterización de atributos entre los principales mercados de comercio electrónico de la región. Los resultados pueden aportar elementos para mejorar o refinar el diseño de políticas públicas para fomentar el comercio de servicios a través de canales digitales, incluyendo la capacidad de las empresas para concretar ventas, nacionales o transfronterizas, a través de una presencia en línea.Resumen .-- Introducción .-- I. Metodología y datos .-- II. Caracterización de sitios en línea de servicios .-- III. Hacia una tipología de sitios de servicios: análisis de clústeres .-- IV. Distribución del tráfico de visitantes en sitios de servicios .-- V. Conclusiones e implicancias de política pública
Temario provisional. Octava Reunión del Foro de los Países de América Latina y el Caribe sobre el Desarrollo Sostenible
No full textPreliminary Overview of the Economies of Latin America and the Caribbean, 2024
Get PDFLatin America and the Caribbean is caught in a trap of low capacity for growth, according to the Economic Commission for Latin America and the Caribbean (ECLAC). The region’s economies are projected to expand by 2.2% and 2.4% in 2024 and 2025, respectively. Although these figures are above the 2015–2024 average of 1.0%, they are insufficient to close the gap with the economies of developed countries.
The 2024 and 2025 international context is one of highly uncertain financial and trade conditions and slowing growth for the region’s main trading partners. Domestic macroeconomic policy space remains limited, and while fiscal efforts are focused on avoiding a sharp increase in public debt, the speed and magnitude of monetary policy rate cuts are determined by the depreciation of the region’s currencies.
Overcoming the trap of low capacity for growth requires a massive mobilization of financial resources and a concerted effort to coordinate macroeconomic policies, smooth fluctuations in the economic cycle and implement productive development policies that boost investment and productivity for the economies of the region.In 2024 and 2025, global economic growth is set to hold steady at 2023 levels, driven largely by emerging economies .-- The world’s major central banks expanded liquidity in 2024, ending the tight monetary cycle .-- The region’s debt issuance on international markets is increasing, but the net transfer of resources abroad is on the rise .-- Economic activity remains low and is increasingly dependent on private consumption .-- Despite continued low job creation, the region’s labour markets are showing modest improvements .-- Fiscal space remains limited in Latin America and the Caribbean .-- Inflation is converging towards target ranges, albeit at a slower pace .-- Falling inflation and rate cuts in the United States have prompted looser monetary policy in the region .-- Projections and outlook for 2024 and 2025 .-- Policies to overcome the trap of low capacity for growth
Drivers of public debt reduction in the Caribbean: a case study of Jamaica, Saint Kitts and Nevis and Suriname
Get PDFThe Caribbean’s long-running public debt challenge has been worsened by COVID-19. Recent international interest rate increases and the looming threat of climate change impacts place even more burden on Caribbean governments' budgets. While the Caribbean's average debt burden has risen in the past 13 years, some countries have been able to lower their debt ratios. This study closely examines the performance of two Caribbean countries which over the past 13 years, have seen a sustained downward trend in their debt ratios, Jamaica and Saint Kitts and Nevis, and one country that has seen a sustained upward trend in its debt ratio, Suriname. Based on these case studies, a number of recommendations are made for Caribbean countries to help in their debt reduction. The study finds that a commitment to fiscal rules and having deep haircuts when restructuring debt contribute to lowering debt, while inconsistent commitment to fiscal consolidation and macroeconomic imbalances can contribute to increasing debt.Abstract .-- Introduction .-- I. Evolution of public debt in the Caribbean .-- II. Country experiences with debt reduction. A. Jamaica. B. Saint Kitts and Nevis. C. Suriname .-- III. Recommendations for reducing public debt in the Caribbean .-- IV. Conclusion
On the road to the Second World Summit for Social Development: contributions from the regional commissions
No full textThe joint document underscores the need to strengthen social policies and tailor them to a risk structure reconfigured by global crises. Alongside high levels of poverty, inequality and informal employment, profound transformations in demographics, climate, technology and the labour market are under way. Complementary actions beyond social policy are also needed, as progress is equally crucial in the economic and environmental dimensions. Regional frameworks and agreements have been instrumental in driving social policy change and must continue to be leveraged, including in the universalization of social protection systems and in the areas of migration, labour inclusion, taxation and resource management, to achieve shared growth and stability.Summary .-- Introduction .-- I. Africa .-- II. Latin America and the Caribbean .-- III. Asia and the Pacific .-- IV. Arab region .-- V. United Nations Econonomic Commission for Europe (UNECE) region .-- VI. Issues, recommendations and guidelines in preparation
for the Second World Summit for Social Development