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Showing 1 to 20 of 26 results in 2 pages.
Photo of traffic in Port of Spain, Trinidad
22 January 2024 | News

Trinidad and Tobago Commuters Spend One Month of Life in Traffic Every Year… Direct Economic Cost of Traffic in T&T - $2.26B

The direct economic cost of traffic in Trinidad and Tobago is an estimated TT$2.26 billion per year or 1.37 per cent of GDP; with the average commuter spending an average 793 hours, cumulatively 33 days – one month of the year in traffic delays. These are two of the main findings of the study Assessment of the economic costs of vehicle traffic congestion in the Caribbean – A case study of Trinidad and Tobago, produced by ECLAC Caribbean.
18 October 2022 | Press Release

Suriname assumes chair of Caribbean Development Cooperation Committee

Convened by ECLAC Caribbean, the CDCC meeting is held every two years and gathers Caribbean Prime Ministers, Ministers and distinguished government officials.
Photo showing High-level Government officials at the 7th Caribbean Development Roundtable (CDR)
13 October 2022 | News

Seventh Caribbean Development Roundtable focusses on recovery, repositioning and resilience

The 7th Caribbean Development Roundtable (CDR) this year focused on recovery and repositioning, with a view to finding practical and workable solutions to invest in resilience, economic recovery and sustained growth. The CDR was also updated on the progress made towards the establishment of the Caribbean Resilience Fund (CRF).
Family photo of delegates attending the CDCC meeting
13 October 2022 | Announcement

ECLAC convenes Caribbean Development and Cooperation Committee meeting in Suriname

The meeting will be held on 14 October 2022 in Paramaribo, Suriname.
CDR delegates
11 October 2022 | Announcement

ECLAC convenes Caribbean Development Roundtable meeting in Suriname

The meeting will be held on 12-13 October 2022 in Paramaribo, Suriname.
5 November 2021 | Press Release

Caribbean Countries Stress Strategies to Support the Post-Pandemic Recovery through Greater Solidarity and Regional Integration
Subregional and international authorities and experts debated about how to accelerate the recovery and strengthen economic resilience in the subregion during the 20th meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee, convened by ECLAC.
Announcement CDCC Caribbean
3 November 2021 | Announcement

Member States and Associate Countries of the Caribbean Development and Cooperation Committee will Address Challenges to Accelerate the Recovery and Strengthen Economic Resilience in the Subregion
The 20th meeting of the ECLAC subsidiary body’s Monitoring Committee will take place on Friday, November 5.
Foto grupal reunión CARICOM-ONU
21 July 2021 | News

ECLAC Emphasized Opportunities for Caribbean Countries’ Sustainable Development and Recovery
The organization’s Executive Secretary, Alicia Bárcena, participated in the 11th general meeting between CARICOM and the United Nations System.
10 September 2020 | Press Release

Caribbean Countries Call for Implementing Urgent Solutions to Support Financing for Development in the Era of COVID-19 and Beyond
Authorities from more than 25 countries met with ECLAC and other multilateral organizations at the Caribbean Development Roundtable and the Caribbean Development and Cooperation Committee.
Banner council of ministers OECS
24 June 2020 | News

ECLAC Reaffirms its Commitment to Supporting Caribbean Countries on Their Path Towards a Sustainable Recovery with Equality

The United Nations regional organization ratified its “Caribbean First” strategy in times of pandemic, during a meeting of the Council of Ministers of the Organisation of Eastern Caribbean States (OECS).
29 April 2020 | Press Release

Borrowing is Not an Option for Caribbean Countries, Access to Concessional Funding and Debt Relief is Urgently Needed to Face the COVID-19 Crisis
Caribbean Heads of State and Finance Ministers met with ECLAC’s Executive Secretary Alicia Bárcena, to analyze debt relief proposals and other measures to fight the effects of the pandemic.
11 February 2020 | News

New policy options for economic diversification in Trinidad and Tobago
The rise of exports in the agro-processing sector unlocks exciting opportunities for economic diversification in Trinidad and Tobago (T&T). This, according to the latest policy brief published by the Economic Commission for Latin America and the Caribbean (ECLAC), entitled `Policy actions to facilitate upgrading of the agricultural sector in Trinidad and Tobago’.
Diane Quarless, Alicia Bárcena and Daniel Titelman
23 September 2019 | News

Alicia Bárcena Reviewed with Caribbean Authorities Progress on the Debt for Climate Adaptation Swap Initiative, Including the Creation of a Resilience Fund
ECLAC’s Executive Secretary met with the Prime Ministers of Antigua and Barbuda, Saint Lucia, and Saint Vincent and the Grenadines in the framework of the 74th session of the United Nations General Assembly being held in New York.
26 April 2018 | Press Release

Caribbean Development Roundtable Brings Together Ministers to Discuss Economic Growth and Climate Resilience
The meeting convened by ECLAC and hosted by the Government of Saint Lucia, took place today in Gros Islet.
23 January 2018 | News

New ECLAC study explores film and music sectors of Jamaica
A study by ECLAC Caribbean assesses the difficulties, lessons learnt and success factors which have strengthened the global competitiveness of the Caribbean’s film and music sectors.
16 November 2017 | News

ECLAC sheds light on structure of Caribbean economies at Belize conference
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

Offshore medical universities provide economic benefit to Caribbean host countries
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

ECLAC facilitates Public Expenditure Review process in Belize
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

Prime Minister of Trinidad and Tobago Visits ECLAC’s Headquarters in Santiago
Keith Rowley met with the Commission’s Executive Secretary, Alicia Bárcena, agreeing to increase bilateral cooperation.
9 May 2017 | Infographic

De-Risking

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”.

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