Economy of the Caribbean

Economic growth in Latin America and the Caribbean will be lower than expected at 1.8 percent this year due to the war in Ukraine, a UN body has said. 

In 2021, the region's gross domestic product (GDP) growth was 6.2 percent, and the UN Economic Commission for Latin America and the Caribbean (ECLAC) in January forecast growth of 2.1 percent for 2022.    

At the 21st ministerial meeting of the Council for Foreign and Community Relations (COFCOR) of the CARICOM Caribbean Community held in Nassau, Bahamas, Romania's Deputy Prime Minister Ana Birchall delivered the Romanian Government's strong support for the country's bid for a non-permanent seat on the UN Security Council.

Turkey's membership to the U.N. Economic Commission for Latin America and the Caribbean (ECLAC) was formally approved during a meeting in New York on July 25, the Foreign Ministry said on July 26.