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.

Fiscal Panorama of Latin America and the Caribbean 2015: Policy space and dilemmas. Executive Summary

The present document provides an up-to-date overview of public debt and fiscal space in the region. The main conclusions show that public debt levels are low in Latin America and high in the Caribbean. Overall, the region has enough fiscal space to apply countercyclical policies and boost production development and the fiscal management of non-renewable natural resources needs to be modernized. It explains that fiscal policy has a very limited impact on the distribution of disposable income and in a volatile macroeconomic environment, reforms should aim to strengthen personal income tax.

Annotated provisional agenda. Committee of High-level Government Experts (CEGAN) Twentieth session. Regional Consultation on Financing for Development in Latin America and the Caribbean

Background and objectives of the consultation .-- Annotations to the agenda.

Financing for development in Latin America and the Caribbean: A strategic analysis from a middle-income country perspective

This document was prepared for the Latin American and Caribbean Regional Consultation on Financing for Development, held at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, on 12 and 13 March 2015, in preparation for the Third International Conference on Financing for Development (Addis Ababa, July 2015).

Asset productivity at container terminals in Latin America and the Caribbean: 2005-2013

This issue of the FAL Bulletin shows productivity trends at container terminals in Latin America and the Caribbean during the period from 2005 to 2013, comparing them to the trend of earlier years (2000 to 2004). One of the conclusions of the study is that most terminals in the region have improved their quay productivity in recent years, although there are large differences between the three container terminal size categories analysed. However, the author identifies a number of challenges still to be met at the region’s ports.

Network for Cooperation in Integrated Water Resource Management for Sustainable Development in Latin America and the Caribbean N° 41

• Editorial remarks.-- Open discussion: Tariffs and subsidies: the current situation and trends in the region ; State-owned utilities and the flight from public law: challenges and trends ; Challenges and opportunities in access to water and sanitation in rural areas.-- Meetings: Proposals based on the Water and Environment Initiative consensuses.-- News of the Network: Peru’s Compensation Mechanisms for Ecosystem Services Act ; Ecuador’s Act on Water Resources and Water Use and Exploitation ; The environmental dynamics of groundwater in Mexico ; The Water Citizenship Programme in the province of Mendoza, Argentina.-- Internet and WWW News

The decade for women in Latin America and the Caribbean: background and prospects

This book is being published in response to ECLAC's concern with problems relating to the status of women. Although the three studies it contains were prepared for different governmental forums in the second half of the Decade for Women, their contents certainly transcend the needs for which they were prepared and constitute a contribution which will interest anyone concerned with this question. There are also two annexes, the first of which provides information on United Nations legislation in connection with the rights of women and its application in domestic law, while the second contains resolutions from recent regional meetings sponsored by the United Nations on the subject of women.

Latin America and the Caribbean: options to reduce the debt burden

This document contains the Secretariat's considered point of view, as perceived from a Latin American and Caribbean vantage point, on how the debt overhang could be dealt with constructively and consensually. In the absence of better and more equitable management of the problem, it is difficult to see how development can be put back on track in the present decade.