07/01/2024
Headlines

Economy

Foreign Direct Investment Surges in Latin America and the Caribbean, Offering Opportunities for Sustainable Development and Energy Transition

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July 10, 2023. In a significant development, Foreign Direct Investment (FDI) in Latin America and the Caribbean experienced a remarkable surge in 2022, reaching a historic high of $224.579 billion dollars. This represents a staggering increase of 55.2% compared to the previous year, according to a report released by the Economic Commission for Latin America…

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Balancing Labor Market Recovery: ECLAC and ILO Highlight Progress and Persistent Challenges in Latin America and the Caribbean

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July 11, 2023. In a joint report released by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO), the latest analysis of the employment situation in Latin America and the Caribbean reveals that the region’s main labor indicators have returned to pre-pandemic levels. While this marks a positive…

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Navigating Economic Contractions: Understanding the Factors Behind Peru’s 1.43% Production Decrease

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July 15, 2023. In recent years, Peru has experienced fluctuations in its national production, reflecting the complexities of its economy. The report released by the National Institute of Statistics and Informatics (INEI) sheds light on the country’s economic performance in May 2023. Taking a perspective that emphasizes the importance of individual freedom, limited government intervention,…

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Promoting Sustainable Development and Economic Cooperation: The Triangular Cacao Project between Germany, the Dominican Republic, and Guatemala

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July 12, 2023. In a display of international cooperation and a commitment to sustainable development, the Ministry of Economy, Planning, and Development (MEPyD) of the Dominican Republic, through its Vice Ministry of International Cooperation, recently launched the Triangular Cacao Project. This initiative, funded by the German Agency for International Cooperation (GIZ), aims to enhance the…

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Promoting Inclusive Labor Markets and Reducing Inequality in Latin America and the Caribbean

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Inclusive labor market participation is a critical factor in reducing inequality and informality in Latin America and the Caribbean. On June 27, 2023, authorities and experts gathered to inaugurate the Third Regional Seminar on Social Development organized by the Economic Commission for Latin America and the Caribbean (ECLAC) in collaboration with various institutions. The consensus…

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Promoting Gender Equality and Sustainable Growth: Mexico’s Progressive Approach

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Mexico has made remarkable progress in advancing gender equality, yet certain gaps persist that hinder the country’s economic potential. In response, the Mexican government has taken proactive measures to create economic opportunities for women and foster sustainable and inclusive growth. Recognizing these efforts, the World Bank has pledged technical and financial support to aid the…

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Economic Trends in Peru: A Focus on Market Dynamics

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In recent times, Peru has witnessed notable developments across various sectors of its economy. The mining and hydrocarbons sector experienced substantial growth in May 2023, with a significant increase of 16.74% compared to the same month in 2022. Conversely, the fishing sector experienced a contraction of 70.60%, while the electricity subsector recorded a growth of…

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