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MercoPress, en Español

Montevideo, November 24th 2024 - 11:22 UTC

Tag: United Nations Economic Commission for Latin America and the Caribbean (ECLAC)

  • Monday, October 17th 2016 - 06:53 UTC

    Mercosur founding members share same economic model and are targeting trade accords, says ECLAC

    “What is happening is that Uruguay, Paraguay, Brazil and Argentina have found an economic model which they share”, Alicia Barcena argued

    Tensions inside Mercosur can be attributed to the fact that Argentina, Brazil, Paraguay and Uruguay share a development “economic model” which distances them from Venezuela, and are prepared to advance in trade negotiations with the European Union, and even with the Pacific Alliance. Venezuela on the other hand has as its main priority putting the deteriorated economy back on the growth track, according to the UN regional economic commission ECLAC, chair Alicia Barcena.

  • Thursday, October 13th 2016 - 14:52 UTC

    Latin America and Caribbean will suffer 0.9% contraction this year but growth will reach 1.5% in 2017

    The economies of South America, which specialize in primary goods —particularly oil, minerals and foods— will post average growth of 1.1% in 2017

    The Economic Commission for Latin America and the Caribbean (ECLAC) has revised its economic growth projections for the region and now expects a 0.9% average contraction for Latin America and the Caribbean this year. Economic activity is expected to pick up in 2017 with average growth of 1.5%, according to a press release by the United Nations agency.

  • Monday, June 13th 2016 - 06:17 UTC

    OAS General Assembly: a statement on Falklands/Malvinas can be expected

    The OAS general assembly two/day meeting is taking place in Santo Domingo

    This Monday evening the Organization of American States 46th General Assembly will officially open in Santo Domingo and this year's convening agenda refers to “Institutional Strengthening for Sustainable Development in the Americas”. The two day gathering is also expected to focus on the Venezuela, Haiti and the Inter-American Human Rights Commission situations, and as is the norm, the Falklands-Malvinas issue will be addressed or included in the final declaration.

  • Monday, April 11th 2016 - 06:05 UTC

    ECLAC anticipates minus 1.9% contraction in economic activity this year in South America

    The economies of South America—which are specialized in the production of commodities, especially oil and minerals, and have a growing degree of trade integration with China will record a contraction

    Latin America and the Caribbean are forecast to have an average economic activity contraction of -0.6% during 2016, according to the latest release from the Economic Commission for Latin America and the Caribbean (ECLAC). This new estimate reflects that the contraction experienced by regional Gross Domestic Product (GDP) in 2015 (-0.5%) will extend to the current year.

  • Monday, April 11th 2016 - 05:46 UTC

    Argentina ready to formally join the IMF fold; Prat-Gay to meet Lagarde this week

    Prat-Gay will attend the IMF-World Bank summit in Washington DC and is expected to discuss the issue with IMF head Christine Lagarde.

    Argentina will start discussions with the International Monetary Fund (IMF) this week on its first Article IV review in a decade, Finance Minister Alfonso Prat Gay said at a conference held by the Institute of International Finance (IIF) in Nassau. “Next week we are going to have a discussion (with the IMF) to agree on an actual schedule for the next Article IV evaluation, which will happen sometime around September,” Prat Gay told the audience on Sunday.

  • Wednesday, March 16th 2016 - 07:24 UTC

    Latin American fiscal weakness and lack of 'tax culture' addressed in ECLAC forum

    The main conclusions of the Fiscal Panorama will be presented by ECLAC Executive Secretary, Alicia Bárcena, and Chilean Finance Minister, Rodrigo Valdés

    Evasion is one of the main weaknesses of the tax systems in the Latin America and the Caribbean economies, accounting for 320 billion dollars in 2014 - according to the Fiscal Panorama of Latin America and the Caribbean 2016, launched by the UN regional office, ECLAC, in Santiago de Chile.

  • Friday, December 18th 2015 - 07:55 UTC

    South America to contract 0.8% and Central America will expand 4.6% in 2016, says UN office

    “It is necessary to resume growth and reverse the investment contraction cycle in a context of slow global recovery and a decline in trade,” said Alicia Barcena

    Latin American and Caribbean economies will contract 0.4% on average in 2015 and will grow just 0.2% next year, as a result of the complex external scenario, according to new projections unveiled on Thursday by the UN Latin America and Caribbean Economic commission, ECLAC. Estimates for next year are that Central America will expand 4.6% while South America will again contract 0.8%.

  • Thursday, October 22nd 2015 - 07:42 UTC

    Latin America's 2013/15 exports, worst performance in eight decades says ECLAC

    “The region is at a crossroads” warns ECLAC’s Alicia Barcena who underlined more international insertion is needed.

    The value of Latin America’s exports will continue to decline through 2015 by 14%, with Argentina faring slightly worse with a reduction of 17%, says the UN Economic Commission for Latin America and the Caribbean (ECLAC) report, which also indicated that the value of imports to Argentina are set to fall by a smaller 10%.

  • Tuesday, July 14th 2015 - 06:07 UTC

    Caricom considering ECLAC proposal to write-off its multilateral debt

    The debt relief strategy was put forward by Alicia Barcena from the Economic Commission of Latin America and the Caribbean (ECLAC)

    The Caribbean Community, Caricom is considering a proposal for the region to pursue gradual write-off of its multilateral debt as a means of economic prosperity. The debt relief strategy was put forward by Alicia Barcena from the Economic Commission of Latin America and the Caribbean (ECLAC), at the 36th Regular Meeting of the Heads of Government of the Caribbean Community, held in Barbados.

  • Monday, May 25th 2015 - 06:20 UTC

    Li Keqiang in Chile pledges to lift strategic partnership to a new height

    Li will hold talks with President Bachelet and attend an economic and trade symposium on occasion of the 45th anniversary of bilateral diplomatic ties.

    Chinese Premier Li Keqiang arrived in Santiago on Sunday for an official visit to Chile, the first South American country with which China forged diplomatic ties (1970) and also the first Latin American nation with which China signed a free trade agreement.