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ECLACEconomic Commission for Latin America & the Caribbean
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ECLAC said Latin America and the Caribbean countries made the affirmation on Friday here during the 17th XVII Meeting of the Regional Council for Planning.
The ECLAC report highlights the sale by the Italian company Enel of a wind farm of 50 megawatts for 120 million dollars to the company Atlantica Yield, based in the United Kingdom.
According to ECLAC, policy space needs to be expanded to tackle the slowdown and contribute to economic growth, with measures in the fiscal and monetary areas, as well as in investment and productivity.
"The Caribbean showed 12 percent growth in total maritime trade throughput, while Central America (without Mexico) had more subtle growth of seven percent only on the West Coast since the East Coast essentially maintained the same activity levels as in 2017," ECLAC said.
Within the ECLAC's top 40, the best performing ports were Caucedo (Dominican Republic), Veracruz (Mexico), Valparaiso (Chile), Altamira (Mexico), Suape (Brazil), Lirquen (Chile) and Itaguai/Sepetiba (Brazil), which grew by double digits.The expansion was thanks to a combination of international trade and higher productivity at these terminals, their role and location in maritime routes and commercial arrangements made with shipping lines, according to Ricardo J.
It has also estimated that the region's growth in 2016 will be close to 0.7 percent, according to an article published on ECLAC's official website on Monday.
Brunton's acceptance of the position as Ambassador Extraordinary Plenipotentiary to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), came after a lot of deliberation by the Ambassador, and although the post provides immediate diplomatic status to the Ambassador, it also requires him to serve Global 2000 in its interests and responsibilities to the U.N.
The figures on Mexico were part of an overall ECLAC report for the region, which indicated foreign investment in 13 Latin American and Caribbean countries totaled US$84.1 billion in the first six months of this year, down from US $110 billion in January-June of 2013.
ECLAC and the ILO presented a new edition of their joint report entitled 'The employment situation in Latin America and the Caribbean.' The report indicates that while a regional rebound in job creation is not foreseen in 2014, a lower rate of labour market participation--the proportion of the working-age population inside the labour force, whether employed or unemployed--should enable unemployment to fall.
During the Lima meeting, ECLAC representatives concluded that, given the limitations to the continued economic and social progress of the past decade, the region should implement social pacts that promote development with equality and environmental sustainability in mind.
A more recent study published by ECLAC, the Food and Agriculture Organization (FAO), and the Inter-American Institute for Cooperation on Agriculture (IICA) found that, in 2010, agriculture accounted for 20% of Latin America's exports.
ECLAC (2012) reports that Venezuela showed a decline in poverty from 48.6% to 27.6% in 2002-08 but an increase to 29.6% in 2011, one of two countries in the region that experienced an increase.