The sustained socio-economic impacts of the COVID-19 pandemic continue to affect developing countries, including those in Latin America and the Caribbean, composed predominantly of middle-income countries (MICs) and Caribbean small island developing states (SIDS), which has been the most hard-impacted developing region. The crisis has magnified structural gaps, such as inequalities, informality, low productivity and fragmented access to external financing. So far, the multilateral response has not fully addressed the needs of these countries in order to tackle the deepening crisis. Many countries within and outside the Latin American region, as well as ECLAC, have been emphasizing the importance of approaching the development needs of countries beyond income-based classification and graduation criteria, in order to capture both their vulnerabilities and the multidimensional nature of sustainable development, as emphasized in the 2030 Agenda.
Against this backdrop, the objective of this event, organized by the government of Costa Rica and ECLAC, is to further strengthen the dialogue on the urgent need to rethink development cooperation modalities and development financing solutions, including through the lens of the concept of development in transition. This event seeks to build on the momentum generated by the “Financing for Development in the Era of COVID-19 and Beyond” process and to feed the discussion on the role of international cooperation towards a sustainable, inclusive and resilient recovery and to build forward better.
The event will be webstreamed, with simultaneous interpretation in English and Spanish