Glossary: Economic Commission for Latin America and the Caribbean (ECLAC)

DEFINITION:
A United Nations regional economic commission established on February 25, 1948, as the Economic Commission for Latin America (ECLA). More commonly known in Latin America as Comisión Económica para América Latina (CEPAL). In 1984 ECLAC expanded its operations and title to include the Caribbean. Main functions are to initiate and coordinate policies aimed at promoting economic development. In addition to the countries of Latin America and the Caribbean, ECLAC’s forty-one members include Britain, Canada, France, the Netherlands, Portugal, Spain, and the United States. There are an additional five Caribbean associate members.

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