July 1999 the World Bank awarded the Latin American and
Caribbean Economic Association (LACEA) with two separate
grants totaling US$ 500,000.00 from its Fiscal Year 1999
Development Grant Facility. This is part of the Bank's FY99
program on Regional Research Consortia capacity building
financed by the Development Grant Facility (DGF). The purpose
of the grant was to support LACEA’s capacity-building
elements (annual meeting,
sponsored research networks, training activities and the
journal Economía, among others) during the fiscal year
July 1, 1999 through June 30, 2000.
Advisory Board for the DGF grant was established consisting of
the LACEA Executive Committee plus Francois Bourguignon
(Delta-ENS, Paris) and Lyn Squire (The World Bank). The
Advisory Board provided advice on the allocation of the DGF
funds and assessed the quality of the research and other
activities funded by the DGF grant.
late 1998, LACEA has been collaborating with the Global
Development Network (GDN) to support and link research and
policy institutes involved in the field of development.
GDN’s initiative, has proceeded on two fronts: knowledge
generation and knowledge sharing. In July 1999, LACEA, one of
the seven regional networks, began using World Bank funding to
create or strengthen competitive peer-review grant mechanisms
for generating research in Latin America and the Caribbean in
three main areas:
research and teaching related to the economies of
Latin American and Caribbean countries and to foster
dialogue among researchers and practitioners whose work
focuses on the economies of the region. As a matter of
policy, LACEA welcomes economists of all nationalities,
theoretical orientations and policy perspectives.
interaction among scholars, teachers and policy-makers
residing and working in Latin America and the Caribbean
and professionals residing outside the region.
programs, meetings, conferences and other opportunities
for scholarly exchange among individuals and
organizations concerned with the economies of Latin
American and Caribbean nations. In this capacity, LACEA
can act both independently and as a member of other
professional or nonprofit associations.
accordance with these objectives and following the
consultation with the DGF Advisory Board, LACEA arranged for
the grant funds to be awarded as sub-grants on the basis of
competitive process. While the main criterion for awarding
grants was the quality of the proposals, the allocation of the
grant funds was to encourage participation by researchers in
countries of the region where capacity building needs are the
with an initial consultative meeting in June 1998, the
regional networks and the World Bank have initiated several
knowledge-sharing programs, including training for
researchers, a series of regional workshops focusing on
building the capacity of research and policy institutes, and
launched the Global Research Project.