The document Debt Burden and Fiscal Sustainability in the Caribbean Region was finished in March 2013. The paper examines data for the period 1999-2011 obtained from two main sources: the International Monetary Fund World Economic Outlook database (IMF-WEO), and the World Bank International Debt Statistics database (WB-IDS). This note extends to 2012 some of the data and analyses included in this study that were based on the IMF-WEO data. The external debt information contained in the WB-IDS has not been updated to 2012. See more >>
This study has been elaborated in order to fulfill the activity I.1.3 of the Work Program of SELA Permanent Secretariat for 2014 “Analysis and preparation of policy proposals on the debt burden in the Caribbean subregion”. See more >>
This document was prepared in compliance with Activity III.1.2. of the Work Programme of the Permanent Secretariat of SELA for 2013, entitled: Analysis and monitoring of economic relations between Latin America and the Caribbean and Canada, with the support of the North-South Institute, a recognized Canadian research centre specializing in issues related to international development. See more >>
This document was drafted in compliance with the Work Programme of the Permanent Secretariat of the Latin American and Caribbean Economic System (SELA) for 2013, Project II.1 “Strengthening economic and technical cooperation in Latin America and the Caribbean, in line with the mandates of CELAC”, which envisages Activity II.1.3, “Partnership between public and private sectors for disaster risk reduction in Latin America and the Caribbean. Promoting strategic alliances with the private sector.” See more >>
This study has been elaborated in order to fulfill the activity I.1.5 of the Work Program of SELA Permanent Secretariat for 2013 “Analysis and Elaboration of Policy Proposals for the Consolidation of a Regional Financial Architecture”. See more>>
This report on the Pacific Alliance was drafted in compliance with Activity 1.1.6 of the Work Programme of SELA for 2013, as approved by the Latin American Council, entitled “Follow-up and support to new forms of regional integration and cooperation within the framework of ALBA-TCP, UNASUR, PETROCARIBE and the Alliance of the Pacific, highlighting the possibilities for complementarity with existing integration schemes.” See more>>
At its XXXVIII regular session, held in October 2012, the Latin American Council, as the main political body of the Latin American and Caribbean Economic System, decided that the XXIV meeting of International Cooperation Directors, scheduled for 2013, should continue to focus on confronting the development challenges faced by Latin America and the Caribbean through continued recourse to the opportunities provided for by regional cooperation. By Decision N° 538, the Council took note with appreciation that the XXIV International Cooperation Directors Meeting would be held in San Salvador. See more>>
In the “Caracas Action Plan 2012”, approved during the III Summit of Latin America and the Caribbean on Integration and Development (CALC) in December 2011, the Presidents of the region committed the Latin American and Caribbean States and its cooperation and integration agencies to “foster regional integration by expanding the ongoing exchange of successful experiences and to request regional and subregional bodies and mechanisms to identify current programmes and projects on physical infrastructure, connectivity and border integration being complementary in the medium and long term, bearing in mind the need to have a strategy for the development and integration of physical infrastructure, connectivity and border regions in Latin America and the Caribbean.” See more>>
This document has been drafted by the Permanent Secretariat at the request of the Government of Ecuador, as a contribution to the Third Technical Meeting of the Community of Latin American and Caribbean States (CELAC), scheduled to be held in October 2012, and also to the Meeting of Ministers of Economy and Finance, which the regional organization is scheduled to convene in December 2012. See more>>
This document has several objectives; (1) analyze relevant experiences of enterprises’ insertion into global and regional value chains inside and outside Latin America and the Caribbean, underlining the cases of small and medium-sized enterprises (SMEs); (2) describe the fundamental features, the instruments and the performance of public policies that support SMEs so as to encourage their insertion into global and regional value chains; and (3) based on the former objectives, submit recommendations to the governments of the Member States of SELA on the subject of policies as a means to further promote the insertion of their SMEs into global and regional value chains. See more>>
The Annual Review of Latin America and the Caribbean – United States of America Economic Relations has become a traditional contribution by SELA to the analysis of current developments of critical interest to the Member States in such a major area of their international economic relations. See more>>
This study focuses on the status of the reform of the international monetary and financial architecture and the progress made toward a regional monetary and financial architecture for Latin America and the Caribbean (LAC). See more>>
This document was prepared as a contribution of the Permanent Secretariat of SELA to the reflection carried out by its Member States ahead of the XIII United Nations Conference on Trade and Development (UNCTAD), to be held in Doha, Qatar, in April 2012. See more>>
This document, prepared by the Permanent Secretariat of SELA, offers an analysis of the green economy to its Member States as a contribution to the ongoing international debate on the subject, ahead of the upcoming United Nations Conference on Sustainable Development (Rio+20), to be held in Brazil in 2012. See more
This document, prepared by the Permanent Secretariat of SELA, is basically aimed at assessing Canada’s international cooperation policy based on its governing principles, action lines and priority sectors and countries, with the purpose of supplying information on the prospects of the international development cooperation provided by Canada to the region. See more>>
The Permanent Secretariat of SELA – as part of its project on the diversification of the external economic relations of Latin America and the Caribbean (LAC) which has been underway for three years, and in response to the requests made by some Member States during the past XXXVI Regular Meeting of the Latin American Council (Caracas, October 2010) – presents this first informative document on the current situation of the economic relations between the countries of our region and the African nations and their areas of opportunity.
Caracas, Venezuela - June 2011 See more >>
The availability and quality of a country's physical infrastructure provide the basis for its economic and social development. It is not possible to achieve
development or poverty eradication without building the appropriate infrastructure.
Caracas, Venezuela - June 2011 See more>>
WHAT THE U.S. ELECTIONS OF 2012 MEAN FOR TRADE RELATIONS WITH THE REGION – The Pending Issues in U.S. Trade Policy – The Limited Mandate of the 2012 Election – The Conclusions that the Administration Might Reach
The recovery of the global economy has suffered setbacks in the last months of 2012, and uncertainty weighs heavily on the outlook. A key reason is that policies in the major advanced economies have not rebuilt confidence in medium-term prospects. Tail risks, such as those related to the viability of the Euro area or major U.S. fiscal policy mistakes, continue to worry investors. The World Economic Outlook (WEO) growth forecast, at 3.3 and 3.6 percent in 2012 and 2013, respectively, is weaker than in the July 2012 WEO Update, which was in turn lower than in the April 2012 WEO. In addition, financial conditions will remain fragile, according to the October 2012 Global Financial Stability Report (GFSR).
In recent months, the global recovery – which was already fragile – has shown signs of weakening even more. Tensions in financial markets and sovereign debts in the euro area have intensified, approaching the levels reported at the end of 2011. In addition, growth in some large economies of the so-called “emerging markets” has been lower than anticipated until the second quarter of 2012. Thanks in part to the fact that the first quarter of this year was better than expected, a review of projections by the IMF in its economic outlook update shows that the global growth would suffer some setbacks and the increase in global product will reach 3.5% in 2012 and 3.9% in 2013; in short, these levels are lower than those predicted in the world economic outlook releases in April by this multilateral institution.
PENDING INITIATIVES IN U.S. TRADE RELATIONS WITH LATIN AMERICAN AND CARIBBEAN COUNTRIES ] Differentiation of U.S. Trade Relations with Countries in the Region ] Regional and Plurilateral Trade Negotiations ] Preferences and FTAs ] Bilateral Economic Treaties