16 November 2017 | News
The Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean discussed the relationship between debt accumulation, the external sector deficit and lack of robust growth in the Caribbean at a recent meeting in Belize.
27 September 2017 | News
A recent ECLAC Caribbean meeting found that the benefits of hosting offshore medical universities could prove especially significant for some of the smaller economies of the subregion.
5 September 2017 | News
A series of consultations designed to explain the importance of pursuing public expenditure reviews (PERs) as part of the budget process were conducted recently in Belize with Government Chief Executive Officers, representatives from line Ministries and finance officers.
29 May 2017 | Press Release
Keith Rowley met with the Commission’s Executive Secretary, Alicia Bárcena, agreeing to increase bilateral cooperation.
9 May 2017 | Infographic
A daunting challenge faced by financial institutions
in the Caribbean in recent years is the growing trend
being adopted by large global banks that serve as
correspondent banks to local financial institutions, to
severely limit or terminate their correspondent banking
relationships (CBRs) with these local or regional banks
(respondent banks). This practice is considered a form
of “de-risking”, whereby business relationships with
clients or categories of clients considered “high-risk”
are restricted or terminated. So far, financial institutions
in 12 Caribbean countries have had the CBRs of at least
one of their local banks terminated or “de-risked”.
30 March 2017 | News
ECLAC has just released its latest policy brief, which examines the adjustments that the Caribbean subregion needs to make in order to attain medium-term development.