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Pandemic is Prompting Higher Debt Levels in Region's Countries and Jeopardizing a Sustainable Rebuilding with Equality

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Pandemic is Prompting Higher Debt Levels in Region’s Countries and Jeopardizing a Sustainable Rebuilding with Equality
In a new special report on COVID-19, ECLAC proposes five policy actions to address the challenges that the financing for development agenda poses in the short, medium and long term.
The coronavirus disease (COVID-19) pandemic has magnified structural gaps in the region’s countries while also increasing their financing needs to confront the emergency, and it has prompted a rise in debt levels that jeopardizes the recovery and countries’ capacity to achieve a sustainable rebuilding with equality, the Economic Commission for Latin America and the Caribbean (ECLAC) indicated today. ....

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Twenty-two million fall into poverty in Latin America during 2020, UN finds

Twenty-two million fall into poverty in Latin America during 2020, UN finds
In its 2020 Social Panorama report issued Thursday, the UN Economic Commission on Latin America and the Caribbean (ECLAC) documents “unprecedented” social devastation during the COVID-19 pandemic, which set off the worst economic crisis in the region’s history.
After years with negligible economic growth since the end of the commodity boom in 2014, the region saw its GDP fall 7.7 percent last year. This is far worse than the 5 percent drop in 1930, at the height of the Great Depression, or the 4.9 percent drop in 1914 at the beginning of World War I. ....

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Women's Full Digital Inclusion and Forging of a Care Society are Indispensable for an Egalitarian and Sustainable Recovery

Authorities from the region, international officials and feminist organizations participated in the inauguration of the 60th Meeting of the Presiding. ....

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These are the Latin Startups That Are Impacting the Different Industries in the Region

These are the Latin Startups That Are Impacting the Different Industries in the Region
Driven by the pandemic, entrepreneurs want to be part of the solution.
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COVID-19 arrived in the Latin American region in February 2019 when Brazil confirmed its first case. Since then, the region has been one of the most affected in the world; Brazil has registered more than 7 million cases so far. The virus came to affect an already fragile region, negatively impacting economic growth and social development.
The consequences are clear and direct, theEconomic Commission for Latin America and the Caribbean (ECLAC) indicated an increase in unemployment: 11.6 million more unemployed in 2020, compared to 2019. Some indicators reveal little encouraging numbers: increase in the poverty level by at least 4.4% (28.7 million more people); The International Monetary Fund anticipated that the region s economy will contract by an estimated 8.1 ....

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Alicia Bárcena Calls for Implementing a Big Push for Sustainability to Build a Future with More Equality

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Alicia Bárcena Calls for Implementing a Big Push for Sustainability to Build a Future with More Equality
ECLAC’s Executive Secretary delivered a keynote lecture at a seminar inaugurating the 21st edition of the School of Latin American Development Studies.
“The world is at a crossroads: development needs to be reformulated and economic policies, reshaped,” Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean, indicated today during a keynote lecture delivered in the framework of the commencement of the 21st edition of ECLAC’s School of Latin American Development Studies. ....

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