Airlines Call on Authorities to Meet Industry Needs

December 18, 2011
By
ALTA logo

The need for increased government cooperation and investment was evident in a series of resolutions adopted by ALTA members with the conclusion of its recent 31st General Assembly and the 8th annual ALTA Airline Leaders Forum in Rio de Janeiro, Brazil. “While the aviation industry in Latin America continues to reach major milestones and grow at significant rates, there are many variables that can negatively affect the industry,” said Alex de Gunten, Executive Director of ALTA. “Without the collaboration of regional authorities and governments, and a serious look at...

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Foreign Direct Investment Rises by 54% in the First Half of 2011 in the Region

December 18, 2011
By
Dollars in hand

Despite positive projections, the global financial volatility generates uncertainty regarding the region’s economic performance. During the first semester of 2011, foreign direct investment (FDI) in Latin America and the Caribbean showed significant growth, maintaining the trend observed since 2010. According to the Economic Commission for Latin America and the Caribbean (ECLAC), FDI flows to 18 economies in the region increased by 54% during the...

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Suriname Renews Partnership with World Bank

December 18, 2011
By
Françoise Clottes

Françoise Clottes, World Bank Director for the Caribbean, Giorgio Valentini, World Bank Country Representative for Suriname, and Kirk Ifill, Representative of the International Finance Corporation (IFC), the private sector arm of the World Bank Group, undertook a three-day visit to Suriname to renew the Bank’s commitment to the country’s development efforts. After 30 years of limited dialogue, Suriname and the World Bank Group are...

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The ACP as a Global Player

December 18, 2011
By
Ambassador P.I. Gomes

The historical and contemporary context The historical and politically unique, internationally binding Cotonou Agreement between Europe and the ACP Group was signed in Cotonou, the capital city of the West African Republic of Benin on 23 June 2000 for a period of twenty years. The Agreement provides Five-Yearly Reviews to adjust, deepen and re-examine the relevance of the relationship taking account of the wider...

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Beyond the Gender Gap: Latin American and Caribbean Women in Search of a New Balance

December 18, 2011
By
Gender Gap

“The region is making important strides towards broader social equity with significant progress in poverty reduction. We are also witnessing a reduction in gender disparities,” said Pamela Cox, World Bank Vice President for Latin America and the Caribbean. “We are glad to see that the focus on improving women’s status is paying off.” According to the new study, Work and Family: Latin American and...

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Survival, adaptation, and uncertainty in 2012: So what’s new?

December 18, 2011
By
Prof. Anthony T. Bryan

I will hedge my bets that the world, as the majority of the world’s population now knows it, will not end (according to Mayan prophecy) on 21 December 2012! But perhaps some will feel as if it is about to, while others will harbour the thought that it should. The global money system seems headed for self destruction, as are many elements of the...

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Some Reflections on the Regional Banking System

December 18, 2011
By
Ewart Williams

It’s no secret that the last few years have been a difficult time for the financial services industry all over the world. In the US, some four years after the financial system faced the greatest crisis in close to a century and after a significant official support, including bouts of quantitative easing, banks are still in the process of repairing their balance sheets (and...

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The Global Economic Outlook and the Growth Prospects for the Caribbean

December 18, 2011
By
David Vegara

An abbreviated version of a speech delivered by David Vegara, deputy director, Western Hemisphere Department of the IMF delivered at an Investment conference held in Trinidad by the Unit Trust Corporation. The speech was entitled ‘The Global Economic Outlook and the Growth Prospects for the Caribbean’ First, the global economy expanded at a rate of about percent in the first half of 2011,...

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ECLAC Proposes Parameters for Defining Broadband in Latin America

December 18, 2011
By
ECLAC broadband

In order to guide public policies in the region, the ECLAC Regional Broadband Observatory (ORBA) has proposed a number of parameters for connectivity, speed and user experience to define the Internet service. The proposal was accepted by the representatives of the nine Latin American countries which participated in the recent fourth meeting of the Regional Dialogue on Broadband which took place at ECLAC headquarters...

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