An innovative financing for development agenda for the recovery in Latin America and the Caribbean

COVID-19 has brought to the fore the need to address the problem of financing for development in middle-income countries, which has been characterized by the increasing decoupling of per capita income and the ability to mobilize domestic and external resources, and the disconnect between economic an...

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Otros Autores:	NU. CEPAL
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2021
Materias:	COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS DESARROLLO ECONOMICO FINANCIACION DEL DESARROLLO COOPERACION INTERNACIONAL POLITICA ECONOMICA POLITICA DE DESARROLLO DEUDA EXTERNA LIQUIDEZ BANCOS DE DESARROLLO COOPERACION REGIONAL VIRUSES EPIDEMICS ECONOMIC ASPECTS ECONOMIC DEVELOPMENT DEVELOPMENT FINANCE INTERNATIONAL COOPERATION ECONOMIC POLICY DEVELOPMENT POLICY EXTERNAL DEBT LIQUIDITY DEVELOPMENT BANKS REGIONAL COOPERATION
Acceso en línea:	https://hdl.handle.net/11362/47490
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spelling	oai-11362-474902021-12-03T19:05:02Z An innovative financing for development agenda for the recovery in Latin America and the Caribbean NU. CEPAL COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS DESARROLLO ECONOMICO FINANCIACION DEL DESARROLLO COOPERACION INTERNACIONAL POLITICA ECONOMICA POLITICA DE DESARROLLO DEUDA EXTERNA LIQUIDEZ BANCOS DE DESARROLLO COOPERACION REGIONAL COVID-19 VIRUSES EPIDEMICS ECONOMIC ASPECTS ECONOMIC DEVELOPMENT DEVELOPMENT FINANCE INTERNATIONAL COOPERATION ECONOMIC POLICY DEVELOPMENT POLICY EXTERNAL DEBT LIQUIDITY DEVELOPMENT BANKS REGIONAL COOPERATION COVID-19 has brought to the fore the need to address the problem of financing for development in middle-income countries, which has been characterized by the increasing decoupling of per capita income and the ability to mobilize domestic and external resources, and the disconnect between economic and social needs and the response of multilateral cooperation. This must be urgently addressed, as Latin American and Caribbean countries must recover from the effects of the pandemic and avoid another lost decade. Middle-income countries, such as those in Latin America and the Caribbean, require multilateral cooperation through the expansion and redistribution of liquidity and debt reduction to enhance their policy space to foster a sustainable recovery and advance their economic and social development. To address these challenges, the Economic Commission for Latin America and the Caribbean (ECLAC) proposes an innovative financing for development agenda for the recovery in the region based on five policy actions: (i) expand and redistribute liquidity from developed to developing countries; (ii) strengthen regional cooperation by enhancing the lending and response capacity of regional, subregional and national financial institutions, and strengthening linkages between them; (iii) carry out institutional reform of the multilateral debt architecture; (iv) expand the set of innovative instruments aimed at increasing debt repayment capacity and avoiding excessive indebtedness and (v) integrate liquidity and debt reduction measures into a development financing strategy aimed at building forward better (Caribbean Resilience Fund). Introduction .-- A. First policy action: expand and redistribute liquidity from developed to developing countries .-- B. Second policy action: strengthen regional cooperation by enhancing the lending and response capacity of regional, subregional and national financial institutions, and strengthening linkages with development banks .-- C. The rise in debt and the multilateral response .-- D. Third policy action: carry out institutional reform of the multilateral debt architecture .-- E. Fourth policy action: expand the set of innovative instruments aimed at increasing debt repayment capacity and avoiding excessive indebtedness .-- F. Fifth policy action: integrate liquidity and debt reduction measures into a development financing strategy aimed at building forward better 2021-11-23T19:40:34Z 2021-11-23T19:40:34Z 2021-12-03 Texto Documento Completo https://hdl.handle.net/11362/47490 en Informe Especial COVID-19 12 .pdf application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN ECLAC
institution	Cepal
collection	Cepal
language	English
topic	COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS DESARROLLO ECONOMICO FINANCIACION DEL DESARROLLO COOPERACION INTERNACIONAL POLITICA ECONOMICA POLITICA DE DESARROLLO DEUDA EXTERNA LIQUIDEZ BANCOS DE DESARROLLO COOPERACION REGIONAL COVID-19 VIRUSES EPIDEMICS ECONOMIC ASPECTS ECONOMIC DEVELOPMENT DEVELOPMENT FINANCE INTERNATIONAL COOPERATION ECONOMIC POLICY DEVELOPMENT POLICY EXTERNAL DEBT LIQUIDITY DEVELOPMENT BANKS REGIONAL COOPERATION
spellingShingle	COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS DESARROLLO ECONOMICO FINANCIACION DEL DESARROLLO COOPERACION INTERNACIONAL POLITICA ECONOMICA POLITICA DE DESARROLLO DEUDA EXTERNA LIQUIDEZ BANCOS DE DESARROLLO COOPERACION REGIONAL COVID-19 VIRUSES EPIDEMICS ECONOMIC ASPECTS ECONOMIC DEVELOPMENT DEVELOPMENT FINANCE INTERNATIONAL COOPERATION ECONOMIC POLICY DEVELOPMENT POLICY EXTERNAL DEBT LIQUIDITY DEVELOPMENT BANKS REGIONAL COOPERATION An innovative financing for development agenda for the recovery in Latin America and the Caribbean
description	COVID-19 has brought to the fore the need to address the problem of financing for development in middle-income countries, which has been characterized by the increasing decoupling of per capita income and the ability to mobilize domestic and external resources, and the disconnect between economic and social needs and the response of multilateral cooperation. This must be urgently addressed, as Latin American and Caribbean countries must recover from the effects of the pandemic and avoid another lost decade. Middle-income countries, such as those in Latin America and the Caribbean, require multilateral cooperation through the expansion and redistribution of liquidity and debt reduction to enhance their policy space to foster a sustainable recovery and advance their economic and social development. To address these challenges, the Economic Commission for Latin America and the Caribbean (ECLAC) proposes an innovative financing for development agenda for the recovery in the region based on five policy actions: (i) expand and redistribute liquidity from developed to developing countries; (ii) strengthen regional cooperation by enhancing the lending and response capacity of regional, subregional and national financial institutions, and strengthening linkages between them; (iii) carry out institutional reform of the multilateral debt architecture; (iv) expand the set of innovative instruments aimed at increasing debt repayment capacity and avoiding excessive indebtedness and (v) integrate liquidity and debt reduction measures into a development financing strategy aimed at building forward better (Caribbean Resilience Fund).
author2	NU. CEPAL
author_facet	NU. CEPAL
format	Texto
title	An innovative financing for development agenda for the recovery in Latin America and the Caribbean
title_short	An innovative financing for development agenda for the recovery in Latin America and the Caribbean
title_full	An innovative financing for development agenda for the recovery in Latin America and the Caribbean
title_fullStr	An innovative financing for development agenda for the recovery in Latin America and the Caribbean
title_full_unstemmed	An innovative financing for development agenda for the recovery in Latin America and the Caribbean
title_sort	innovative financing for development agenda for the recovery in latin america and the caribbean
publisher	ECLAC
publishDate	2021
url	https://hdl.handle.net/11362/47490
_version_	1718440993364115456

An innovative financing for development agenda for the recovery in Latin America and the Caribbean

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