Latin America and the Caribbean
The economic scenario in Latin America and the Caribbean will be affected by lack of external financing, a decrease in exports, a fall in the price of commodities, deterioration in the associated trade terms, reduction of funds remitted from abroad, and a fall in tourism.
Most Latin American and Caribbean countries are middle-income countries (MICs) and this context affects the impact of the crisis on the social sector and education at large, especially how the countries cope and respond to it. The economic crisis affects access to all levels of education, decreasing the admission of new students. Gross and net enrolment rates could also be affected, particularly at secondary or higher levels, because of a decrease in family income. A negative economic cycle could affect public and private spending on education in the event of a lack of resources to counteract it.
Early Warning Systems for Education
UNESCO has built Early Warning Systems for Education (EWSED) to provide technical support for countries in the planning and design of educational policies and also in monitoring of the Regional Education Project of Latin America and the Caribbean (EFA/PRELAC). A key management tool, EWSED is designed to safeguard the progress made in the region in the field of education, especially in the current scenario of economic crisis.Back to top