Innovative financing instruments in Latin America and the Caribbean

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2022/229
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeDocumentos de proyectos e investigación
cepal.jobNumberS2200765_en
cepal.projectProyecto 2023Z "Respuesta y recuperación: movilización de recursos financieros para el desarrollo en tiempos de COVID-19"
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.topicEngCOVID-19
cepal.topicEngFINANCING FOR DEVELOPMENT
cepal.topicEngMIDDLE-INCOME COUNTRIES
cepal.topicSpaCOVID-19
cepal.topicSpaFINANCIAMIENTO PARA EL DESARROLLO
cepal.topicSpaPAÍSES DE RENTA MEDIA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.editorVillarreal, Francisco G.
dc.contributor.editorPérez Caldentey, Esteban
dc.contributor.institutionCuenta de las Naciones Unidas para el Desarrollo
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2023-01-20T13:21:39Z
dc.date.available2023-01-20T13:21:39Z
dc.date.issued2023-01-20
dc.description.abstractIn the aftermath of the global financial crisis (2008–2009), the external financing needs of Latin America and the Caribbean increased significantly, reflecting a process of external debt accumulation in all developing regions, exacerbated by the impacts of COVID-19. The region is now the most indebted in the developing world, with a debt profile that makes it highly vulnerable to changes in international lending conditions and to perceptions of risk. This has placed a major constraint on government responses to the COVID-19 emergency and undermines their capacity to build forward better. This document considers two proposals to address these challenges: (i) expand and redistribute liquidity from developed to developing countries through innovative uses of SDRs; and (ii) expand the set of innovative instruments to increase debt repayment capacity and avoid over-indebtedness.
dc.description.tableOfContentsSummary .-- Introduction .-- I. Special Drawing Rights: advantages, limitations, and innovative uses / Esteban Pérez Caldentey, Francisco G. Villarreal and Nicolás Cerón Moscoso .-- II. State-contingent debt instruments as insurance against future sovereign debtcrises in Latin American / Leonardo Vera Azaf .-- III. Income-linked bonds / Fausto Hernández .-- IV. Hurricane clauses in debt contracts in the context of unsustainable debt in Barbados and Grenada / Dave Seerattan .-- V. Sustainable finance / Esteban Pérez Caldentey .-- VI. A multilateral credit rating agency / Susan K. Schroeder.
dc.formatTexto
dc.format.extent186 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/TS.2022/229
dc.identifier.urihttps://hdl.handle.net/11362/48669
dc.language.isoeng
dc.physicalDescription186 p.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesDocumentos de Proyectos
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisEngDEVELOPMENT FINANCE
dc.subject.unbisEngFINANCIAL INSTRUMENTS
dc.subject.unbisEngEXTERNAL DEBT
dc.subject.unbisEngDEBT MANAGEMENT
dc.subject.unbisEngBONDS
dc.subject.unbisEngCREDIT
dc.subject.unbisEngSUSTAINABLE DEVELOPMENT
dc.subject.unbisEngMIDDLE-INCOME COUNTRIES
dc.subject.unbisEngCOVID-19
dc.subject.unbisEngVIRUSES
dc.subject.unbisEngPANDEMICS
dc.subject.unbisEngECONOMIC ASPECTS
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.subject.unbisSpaFINANCIACION DEL DESARROLLO
dc.subject.unbisSpaINSTRUMENTOS FINANCIEROS
dc.subject.unbisSpaDEUDA EXTERNA
dc.subject.unbisSpaGESTION DE LA DEUDA
dc.subject.unbisSpaBONOS
dc.subject.unbisSpaCREDITO
dc.subject.unbisSpaDESARROLLO SOSTENIBLE
dc.subject.unbisSpaPAISES DE INGRESOS MEDIANOS
dc.subject.unbisSpaCOVID-19
dc.subject.unbisSpaVIRUS
dc.subject.unbisSpaPANDEMIAS
dc.subject.unbisSpaASPECTOS ECONOMICOS
dc.titleInnovative financing instruments in Latin America and the Caribbean
dc.type.coarlibro
dc.usergrouppubweb
dspace.entity.typePublication
relation.isEditorOfPublication4da2025a-e017-4583-8e75-ea9a37062077
relation.isEditorOfPublication46b761e0-92ca-4c05-ba68-1f622b268d99
relation.isEditorOfPublication.latestForDiscovery4da2025a-e017-4583-8e75-ea9a37062077
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