The Economic Commission for Latin America and the Caribbean (ECLAC) is calling for urgent reconsideration of the criteria for measuring and classifying development while also suspending the “graduations” of middle-income countries, such as those in the Caribbean, during the COVID-19 pandemic.
Addressing the 20th session of the High-level Committee on South-South Cooperation, ECLAC's Executive Secretary, Alicia Bárcena, noted that “the region of Latin America and the Caribbean is basically made up of middle-income countries that, in the context of financing for development, have been left out of access to concessional funds, especially Caribbean island-states and small, Central American economies”.
