Summary of ECLAC Caribbean DFS outputs (2014-2017) 

Report on ITU/ECLAC/TATT 2016 workshop; Exploring Innovation in Transactions & Financing in Caribbean

 

 

The Economic Commission for Latin America and the Caribbean (ECLAC), subregional headquarters for the Caribbean, is pleased to transmit for your attention, (LC/CAR/2017/11) entitled “REPORT OF THE SEMINAR ON SCIENCE, TECHNOLOGY AND INNOVATION FOR SUSTAINABLE DEVELOPMENT- EXPLORING INNOVATION IN TRANSACTIONS AND FINANCING IN THE CARIBBEAN” from the meeting convened in Port of Spain, 1-3 June 2016.

 

Below is a listing of the various DFS outputs produced by ECLAC from 2014 – 2017

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ECLAC Publications and Resources in “Digital Financial Services”

2014

2015

 

Digital currency and mobile money solutions are components of new industry classifications referred to as Financial Technology (FinTech) and Digital Financial Services (DFS).

2016

 

 

 

 

 

Instagram media by beascycle - UN Economic Commission for Latin America and Caribbean #digitalcurrency study finally publishedThis report examines the usage of digital currency technology in the Caribbean subregion with a view to drawing attention to the opportunities and risks associated with this new phenomenon. It discusses the broader context of an emerging activity at the global level and considers how this technology could address subregional deficiencies in the electronic payment infrastructure.The report also discusses mobile money solutions, and the relationship of that technology to digital currency.

 

The workshop is co-organized by the International Telecommunication Union (ITU) in partnership with the Telecommunications Authority of Trinidad and Tobago (TATT) and the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC).

 

Its primary purpose is to provide Caribbean stakeholders from various sectors with interactive sessions along the theme of utilizing technology innovations towards the goal of improving financial transactions and financing arrangements.

 

 

Report of the seminar on science, technology and innovation for sustainable development – Exploring innovation in transactions and financing in the Caribbean (LC/CAR/2017/11) 

 

 

Event video recording

2017

 

Caribbean countries have been seriously impacted by the trend toward “de-risking” in the global financial system, and this is damaging to their economic security and the ability of Caribbean businesses to innovate. De-risking is the name given to the tendency of banking institutions to turn away from working relationships and lines of business for which the cost of regulatory compliance—and the risk of non-compliance— is deemed to be too high in comparison to the returns.

 

This is a phenomenon that is affecting developing economies around the world, but the small and vulnerable economies of the Caribbean have been hardest hit.

 

 

 

The primary purpose and objective of this workshop is to continue providing Caribbean stakeholders from various sectors with interactive sessions along the theme of utilizing technology innovations towards the goal of improving financial transactions and financing arrangements.

 

 

Programme & Presentations available from link above

 

 

Event video recording 

 

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