UNUnited Nations
Español
English
ABOUT ECLACLIBRARYTERMS OF USEABOUT THIS REPOSITORY
Home

DIGITAL REPOSITORY
Economic Commission for Latin America and the Caribbean

EVENTSPROJECTS
GENDER AFFAIRSINTERNATIONAL TRADE AND INTEGRATIONECONOMIC DEVELOPMENTPRODUCTION, PRODUCTIVITY AND MANAGEMENTSOCIAL DEVELOPMENTSUSTAINABLE DEVELOPMENT AND HUMAN SETTLEMENTSSTATISTICSPLANNING FOR DEVELOPMENTPOPULATION AND DEVELOPMENTNATURAL RESOURCES
COUNTRY/REGIONRECENT SUBMISSIONSCOLLECTIONS☰
View Item 
  •   Home
  • Libros y Monografías
  • Libros y Documentos Institucionales
  • View Item
  •   Home
  • Libros y Monografías
  • Libros y Documentos Institucionales
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

An innovative financing for development agenda for the recovery in Latin America and the Caribbean

Libros y documentos institucionales
Thumbnail
Download
Document in English (1.218Mb)
Date
2021-12-03
Author
NU. CEPAL
Metadata
Show full item record
Abstract
COVID-19 has brought to the fore the need to address the problem of financing for development in middle-income countries, which has been characterized by the increasing decoupling of per capita income and the ability to mobilize domestic and external resources, and the disconnect between economic and social needs and the response of multilateral cooperation. This must be urgently addressed, as Latin American and Caribbean countries must recover from the effects of the pandemic and avoid another lost decade. Middle-income countries, such as those in Latin America and the Caribbean, require multilateral cooperation through the expansion and redistribution of liquidity and debt reduction to enhance their policy space to foster a sustainable recovery and advance their economic and social development. To address these challenges, the Economic Commission for Latin America and the Caribbean (ECLAC) proposes an innovative financing for development agenda for the recovery in the region based on five policy actions: (i) expand and redistribute liquidity from developed to developing countries; (ii) strengthen regional cooperation by enhancing the lending and response capacity of regional, subregional and national financial institutions, and strengthening linkages between them; (iii) carry out institutional reform of the multilateral debt architecture; (iv) expand the set of innovative instruments aimed at increasing debt repayment capacity and avoiding excessive indebtedness and (v) integrate liquidity and debt reduction measures into a development financing strategy aimed at building forward better (Caribbean Resilience Fund).
Abstract
Introduction .-- A. First policy action: expand and redistribute liquidity from developed to developing countries .-- B. Second policy action: strengthen regional cooperation by enhancing the lending and response capacity of regional, subregional and national financial institutions, and strengthening linkages with development banks .-- C. The rise in debt and the multilateral response .-- D. Third policy action: carry out institutional reform of the multilateral debt architecture .-- E. Fourth policy action: expand the set of innovative instruments aimed at increasing debt repayment capacity and avoiding excessive indebtedness .-- F. Fifth policy action: integrate liquidity and debt reduction measures into a development financing strategy aimed at building forward better
Translation
Una agenda innovadora de financiamiento para el desarrollo para la recuperación de América Latina y el Caribe
Serie
Informe Especial COVID-19 No. 12
ECLAC Subtopics
COVID-19 ; ECONOMIC GROWTH ; FINANCING FOR DEVELOPMENT ; HEALTH ; INTERNATIONAL COOPERATION ; MACROECONOMICS
United Nations Subtopics
COVID-19 ; VIRUSES ; PANDEMICS ; ECONOMIC ASPECTS ; ECONOMIC DEVELOPMENT ; DEVELOPMENT FINANCE ; INTERNATIONAL COOPERATION ; ECONOMIC POLICY ; DEVELOPMENT POLICY ; EXTERNAL DEBT ; LIQUIDITY ; DEVELOPMENT BANKS ; REGIONAL COOPERATION
Country / Region
LATIN AMERICA AND THE CARIBBEAN
URI
https://hdl.handle.net/11362/47490
Collections
  • Libros y Documentos Institucionales

en

  • ABOUT ECLAC
  • Member States
  • Subsidiary Bodies
  • ECLAC senior staff
  • Employment opportunities
  • Procurement
  • HEADQUARTERS AND OFFICES
  • ECLAC - Mexico
  • ECLAC - Caribbean
  • ECLAC – Bogota
  • ECLAC – Brasilia
  • ECLAC – Buenos Aires
  • ECLAC – Montevideo
  • ECLAC – Washington, D.C.
  • EVENTS
  • TRAINING
  • ILPES
  • TOPICS
  • Gender affairs
  • International trade and integration
  • Economic development
  • Production, productivity and management
  • Social development
  • Sustainable development and human settlements
  • Statistics
  • Planning for development
  • Population and development
  • Natural resources
  • PUBLICATIONS
  • DIGITAL REPOSITORY
  • UN Symbol
  • LIBRARY
  • PROJECTS
  • NEWS
  • Fotos
  • Videos
  • DATA AND STATISTICS
  • Observatories
  • FOLLOW US
  • ECLAC
    • Av. Dag Hammarskjöld 3477
    • Vitacura, Santiago de Chile
    • Telephone: (56-2) 2471 2000 • 2210 2000
    • Address: Casilla 179-D, Santiago de Chile
    • Postal code: 7630412
  • ECLAC SUBREGIONAL HEADQUARTERS IN MEXICO, MEXICO, D.F.
    • Corporativo MCS, Av. Miguel de Cervantes Saavedra #193 piso 12
    • 11520 México D.F., México
    • Telephone: (52 55) 4170.5600
  • ECLAC SUBREGIONAL HEADQUARTERS FOR THE CARIBBEAN
    • 1 Chancery Lane, P.O. Box 1113
    • Port of Spain, Trinidad and Tabago
    • Telephone: (868)224-8000
    © ECLAC - United Nations | Terms of Use | Contact