Universal basic income the right prescription for Latin America & Caribbean – UN report

A new report by the Economic Commission for Latin America and the Caribbean (ECLAC) unveiled on Tuesday, proposes that governments ensure immediate temporary cash transfers to help millions of people struggling to meet basic needs, as the massive fallout from COVID-19 ripples across the region’s economies.

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Health must come before the economy, insists top UN official for Latin America and the Caribbean

31 Jul 2020

In Latin America, where much of the region has dealt with years of sluggish growth, the economic crisis brought about by the COVID-19 pandemic is pushing millions more into poverty, says Alicia Bárcena, the head of the UN regional body for Latin America and the Caribbean (ECLAC).

Report outlines long road to post-COVID recovery for Latin America and Caribbean

06 Oct 2020

Economic recovery from the COVID-19 pandemic in Latin America and the Caribbean will be slower than the return to productivity following the subprime mortgage crisis more than a decade ago, the head of the UN’s office for the region, ECLAC, said on Tuesday.

COVID-19 to cause biggest economic contraction ever in Latin America & Caribbean

21 Apr 2020

The COVID-19 pandemic will herald the worst economic contraction in the history of Latin American and the Caribbean, with a projected -5.3 per cent drop in activity this year, according to a report by the UN office for the region, ECLAC, published on Tuesday.