Grant exemptions for several multilateral organizations

The US Treasury amended an executive order banning all transactions with the Venezuelan Central Bank (BCV) to grant exemptions for several organizations. Those authorized to deal with the BCV include the CAF Development Bank, the Inter-American Development Bank, the World Bank, and the International Monetary Fund. Also exempted were the Red Cross and a host…

IDB study diagnoses Investment Promotion agencies in Latin America

Resources, presence overseas and the level of targeting of Investment Promotion Agencies (IPAs) contribute considerably to attracting greater volumes of foreign direct investment and to bringing multinational companies to their respective countries, according to a study by the Inter-American Development Bank. Foreign direct investment (FDI) is a key driver of economic development. Despite drops in…

5 trends in the global economy – – and their implications for economic policymakers

The Global Competitiveness Report 2019 is a much-needed economic compass, building on 40 years of experience of benchmarking the drivers of long-term competitiveness and integrating the latest learnings about the factors of future productivity. The Global Competitiveness Index 4.0 is organized into 12 pillars: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial…

Critical Obstacles to inclusive Social Development in Latin America and the Caribbean

ECLAC Identifies At Least Eight Critical Obstacles that Hinder Inclusive Social Development in the Region The United Nations regional organization presents a new study in the framework of the Third Meeting of the Regional Conference on Social Development in Latin America and the Caribbean, which will be inaugurated this Tuesday in Mexico City. At least…

UN reports: Global efforts needed to spread digital economy benefits

UNCTAD/PRESS/PR/2019/023 Geneva, Switzerland, (04 September 2019) Digital wealth is concentrated in the hands of a few US- and China-based platforms The gap between the under-connected and the hyper-digitalized countries will widen and worsen inequalities if unaddressed Concerted global efforts are required to spread the rapidly expanding digital economy’s gains to the many people who currently…