MercoPress, en Español

Montevideo, June 19th 2018 - 00:38 UTC

Tag: Latin America and Caribbean

  • Thursday, April 19th 2018 - 22:24 UTC

    Miguel Díaz-Canel becomes the new president of Cuba: there is no chance of a Trojan horse

    The parliament ratified the former vice president with 99.83% of the votes. HO/AFP

    Miguel Díaz-Canel has been ratified on Thursday by the National Assembly of Cuba as the new president of the Council of State, the country's first leader in practice. The parliament ratified the former vice president with 99.83% of the votes of the deputies present. Diaz-Canel replaces the General Raúl Castro, who retires from power after 12 years at the head of the country. However, the new president clarified that Raúl Castro “will lead the most important decisions” for the country.

  • Friday, April 6th 2018 - 19:47 UTC

    Regaining citizens’ trust in public institutions is key to resuming inclusive growth and well-being in Latin America and the Caribbean

    The report notes that trust in public institutions declined and satisfaction with public services has deteriorated, eroding the social contract in the region.

    Brussels, 09 April 2018 - Three out of four Latin Americans today show little or no confidence in their national governments. Around 80% think corruption is widespread. These levels are both up from 55% and 67% respectively in 2010. Mistrust is rising as in most regions of the world and risks deepening the disconnect between people and public institutions, harming social cohesion and weakening the social contract. Reconnecting public institutions with citizens by better responding to their demands is thus critical for strengthening growth and sustainable development in Latin America and the Caribbean (LAC) and for the well-being of the region’s citizens, according to the Latin American Economic Outlook 2018, Rethinking Institutions for Development. The region needs more transparent, capable, credible and innovative institutions if it wants to put itself on a higher and more inclusive development trajectory.

  • Wednesday, November 8th 2017 - 21:02 UTC

    Latin America's exports expected to increase 10%, following four years of declining prices

    Latin America and the Caribbean participation in total global service exports in 2016 was just 3.1%, compared with 5.6% of global goods exports.

    In 2017 Latin America and the Caribbean will have left behind half a decade of prices decline of its export basket plus a weak increase in the exported volume, achieving an overall 10% growth in the value of its shipments abroad, according to new estimates released by ECLAC in Chile.

  • Wednesday, May 13th 2015 - 08:21 UTC

    Latam to debate controversial issue: 'post Washington Consensus' industrial policies

    IDB president Moreno will open the seminar and Ms Rodríguez, manager of the IDB’s Institutions for Development Department, will moderate the debate

    The Inter American Development Bank, IDB, has organized a seminar to discuss industrial policies in Latin America and the Caribbean in a post Washington-Consensus framework. Anemic economic growth in the region is in need of policy shot in the arm.

  • Wednesday, May 13th 2015 - 08:14 UTC

    Remittances to Latin America and Caribbean beat the 2008 pre-crisis record

    “Remittances remain an important source of income for millions of families in Latin America and the Caribbean,” said IMF Fernando Jimenez-Ontiveros

    Remittances to Latin America and the Caribbean set a new record high in 2014 with 65bn dollars basically supported by the recovery of the economy and labor market in the United States, according to the latest release from the Inter American Development Bank.

  • Wednesday, April 22nd 2015 - 06:03 UTC

    Understanding the drivers of prosperity in Latin America and the Caribbean

    “This study will help policymakers do a better job of building on the last decade's progress, promoting growth and incomes”, said Jorge Familiar

    A new World Bank Group report, “Shared Prosperity and Poverty Eradication in Latin America and the Caribbean”, explores the performance of eight countries to understand what has driven progress, and what it will take to sustain it.

  • Wednesday, July 7th 2010 - 06:42 UTC

    Moreno re-elected president of the Inter American Development Bank

    The re-elected president steered the bank through the worst global crisis in decades

    Luis Alberto Moreno was re-elected president of the Inter-American Development Bank today during a special meeting of the IDB Board of Governors at the Bank’s headquarters in Washington, D.C.