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ECLAC wants criteria to measure, classify development in Caribbean countries changed

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”.
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