Essential elements of the ECLAC Caribbean Resilience Fund : a segregated portfolio trust fund. Policy Brief
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.
ECLAC Subtopics
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 ; FORESIGHTUnited Nations Subtopics
REGIONAL COOPERATION ; SUSTAINABLE DEVELOPMENT GOALS ; FINANCING ; EXTERNAL DEBT ; CLIMATE CHANGE ; CLIMATE CHANGE ADAPTATION ; NATURAL DISASTERS ; DEBT RELIEF ; DEVELOPMENT STRATEGIES ; GREEN ECONOMY ; MIDDLE-INCOME COUNTRIES ; INVESTMENTS ; CONTINGENCY FUNDS ; INTERNATIONAL COOPERATION ; DEVELOPMENT FINANCE ; LIQUIDITY ; SUSTAINABLE DEVELOPMENT ; ECONOMIC DEVELOPMENT ; COVID-19 ; POLICY MAKING ; RECOMMENDATIONS ; SMALL STATES ; SMALL ISLAND DEVELOPING STATES ; PANDEMICSCountry / Region
CARIBBEAN REGIONen