Reforming the international financial architecture: consensus and divergence

Includes bibliography

Convergence and divergence of transport and mobility policies in Latin America: Lack of urban co-modality

This issue of the FAL bulletin analyses transport and mobility policy in Latin America, where the lack of integrated public policies for urban mobility and the failure to take coordinated action over time make it difficult to prioritize investments and coordinate existing initiatives (both public and private).

Economic growth in Latin America in the late 20th century: evidence and interpretation

Includes bibliography

The dual divergence: growth successes and collapses in the developing world since 1980

Includes bibliography

Institutional and policy convergence with growth divergence in Latin America

Includes Bibliography

Globalization and development

Includes bibliography

ECLAC and the new growth theories

Includes bibliography

Information, information management and governance

Includes bibliography

The production of statistical data and information in the Caribbean: proposals for increasing efficiency in this sphere

Includes bibliography

Capital Flows to Latin America and the Caribbean: 2014 Overview

Divergence in macro trends and in monetary policy in advanced economies was a dominant driver of rates and currencies in emerging markets in 2014. Diverging macroeconomic developments were reflected in different monetary policy actions in 2014, with the European Central Bank (ECB) and the Bank of Japan (BOJ) moving in the opposite direction of the U.S. Federal Reserve. The unwinding of the U.S. monetary stimulus, while the ECB and the BOJ step up their monetary stimulus, has underpinned an appreciation by the U.S. dollar, in which most commodities are priced. Latin American markets, which started the year under pressure from fears of the U.S. Federal Reserve tapering off its quantitative easing program and concerns over stability, ended 2014 under pressure from a stronger U.S. dollar. However, there are many signs that a slowdown in LAC financial markets – particularly debt markets, which have been breaking records in debt issuance for the past six years – is under way. The region’s growth prospects look somewhat brighter in 2015 relative to 2014, but a strengthening U.S. dollar, uneven global growth and weakness in commodity prices are skewing the risk toward the downside for the 2015 forecasts across the region.

A study on the capacity of statistical offices of the Caribbean to produce Environment, Social, Economic and Gender Statistics

Statistical organizations of the Caribbean countries continue to face serious challenges posed by the increased demand for more relevant, accurate and timely statistical data. Tangible progress has been made in delivering key products in the area of economic statistics. The central banks of the subregion have assisted greatly in this respect. However, even in this branch of statistics there are still several glaring gaps. The situation is even worse in other areas of statistics including social and environmental statistics. Even though all countries of the subregion have committed to the Millennium Development Goals (MDGs) as well as to other internationally agreed development goals serious challenges remain with respect to the compilation of the agreed indicators to assist in assessing progress towards the goals. It is acknowledged that appreciable assistance has been provided by the various donor agencies to develop statistical competence. This assistance has translated into the many gains that have been made. However, the national statistical organizations require much more help if they are to reach the plateau of self reliance in the production of the necessary statistical services. The governments of the subregion have also committed to invest more in statistical development and in promoting a statistics culture in the Caribbean. The training institutions of the subregion have also started to address this urgent need by broadening and deepening their teaching curricula. Funding support is urgently required to develop the appropriate cadre of statistical professionals to deliver the required outputs. However, this training must be continuous and must be sustained over an appropriate period since the current turnover of trained staff is high. This programme of training will need to be intensive for a period of at least five years after which it may be reduced. The modalities of training will also have to be more focused and in addition to formal training at educational institutions there is much room for on-the-job training, group training at the national level and much more south-south capacity building. There is also an urgent need to strengthen cooperation and collaboration among the donor community in the delivery of assistance for statistical development. Several development agencies with very good intentions are currently operating in the Caribbean. There is a danger however, that efforts can be duplicated if agencies do not collaborate adequately. Development agencies therefore need to consult with each other much more and share there development agenda more freely if duplication is to be averted. Moreover, the pooling of resources can surely maximize the benefits to the countries of the subregion.

The status of millennium development goals: monitoring and reporting in selected Caribbean countries

In spite of various initiatives, Caribbean countries continue to have difficulties in addressing demands of monitoring and measuring progress towards the fulfilment of the Millennium Development Goals (MDGs) and other Internationally Agreed upon Development Goals (IADGs)1. To address this gap, the Economic Commission for Latin America and the Caribbean (ECLAC) has received funding for a technical assistance project, Strengthening the capacity of National Statistical Offices (NSOs) in the Caribbean Small Island Developing States to fulfil the Millennium Development Goals and other Internationally Agreed Development Goals (IADGs). The main imperative of the project is to support the strengthening of national institutional capabilities for generating reliable data to meet these monitoring and reporting requirements. The project seeks to build on past and current initiatives directed towards broadening and improving statistics and indicators through the use of already available knowledge, experience and expertise at the national and regional level. In an effort to avoid duplication of present or repetition of past activities in this field, ECLAC considered it important to conduct a thorough assessment of the status and structure of MDG and IADG monitoring and reporting at the national and regional levels as well as to provide an overview of initiatives undertaken by other regional development partners and intergovernmental bodies in the subregion. This paper is composed as follows: The first chapter of the document will present an overview of the statistical infrastructure at the national level, followed by a summary of the results of a survey administered to Caribbean NSOs that gathered information on the status of and mechanisms in place in MDG and IADG monitoring and reporting at the national level. Then, an attempt will be made to provide a briefing on activities carried out by intergovernmental bodies and development partners in the region. The fourth section presents a brief summary of data sources for secondary data and introduces concepts for metadata collection and reporting. It further discusses major challenges with poverty measurements and monitoring in the subregion. The paper ends with a summary and recommendations for the way forward.