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Small States Forum 2017 - From Roadmap to Action
On October 14, 2017, the annual Small States Forum was held at the World Bank Group/IMF Annual Meetings. This high-level event brought together heads of government, ministers and central bank governors from small states, as well as World Bank Group management and partner organizations from OECD, Commonwealth Secretariat, UNDP and IMF to discuss the pressing challenges and opportunities that small states face.  Key issues included vulnerability, increased funding from the International Development Association (IDA), de-risking and partnerships.  The new Chair of the Small States Forum, the Right Honorable Prime Minister Keith Mitchell of Grenada, received a warm welcome by members. The new Caribbean leadership of the Small States Forum is very timely and coincides with the Prime Minister’s Chairmanship of CARICOM. This year’s event took place in the aftermath of devastating hurricanes in the Caribbean, which put a spotlight on small islands vulnerable to extreme weather events. In her opening remarks, Kristalina Georgieva, the Chief Executive Officer of the World Bank, provided highlights of a high-level roundtable on recovery and resilience in the Caribbean during the Annual Meetings. At this event, Kristalina noted that the World Bank, other international financial institutions, and representatives of CARICOM countries and territories reaffirmed their commitment to help rebuild the Caribbean and share expertise on how similar crises have been managed elsewhere. Manuela Ferro, Vice President of Operations Policy and Country Services, emphasized efforts the World Bank is making to provide more financing to small states, most notably the massive increase in IDA resources, the World Bank’s fund for the 75 poorest countries. The most recent replenishment of IDA's resources, the eighteenth (IDA18), resulted in a record replenishment of $75 billion over the next three years. This is a significant increase from previous replenishments, particularly for small states. Total funds allocated to small states for FY18-20 under IDA18 – $1.9 billion – more than doubled the previous allocation in the previous 3 years. This provides real opportunities for countries to overcome poverty and set a sustainable growth path. As noted by Manuela Ferro, “we now need to focus on concrete activities to make the best possible use of these resources.”  The discussion also highlighted the many ways the World Bank supports small states, which was covered in the first session. Joaquim Levy, Managing Director and Chief Financial Officer of the World Bank, outlined some practical solutions and actions to support small states that face de-risking – the phenomenon of financial institutions terminating or restricting business relationships with clients to avoid, rather than manage risk.  He singled out the role of technology as a possible solution to challenges small states face in the banking sector and the potential of ‘blockchain’ technology and other initiatives to help facilitate remittances and other financial flows to and from small states. The World Bank’s Vice President for Latin America and the Caribbean, Jorge Familiar, highlighted innovations in the World Bank’s toolkit of instruments, including the Catastrophic Risk Insurance and the Catastrophe-Deferred Drawdown Option, which offer financing to respond to emergencies and build resilience to external shocks. The second session of the Forum showcased various accomplishments and innovations led by small states over recent years.  Prime Minister Mitchell set the stage by praising the Small States Forum as a platform for development solutions. 
World Bank Offers Support to Respond to Hurricane Irma
WASHINGTON, September 7, 2017 – World Bank Group President Jim Yong Kim made the following statement as Hurricane Irma ripped through the Eastern Caribbean and continued its devastating path across the Caribbean Sea: “Our sympathy and solidarity go to the people of the Eastern Caribbean and to all those who may still be affected by Hurricane Irma. We've reached out to the government of Antigua and Barbuda and offered immediate support to assess damages and loss, respond to the disaster and help begin recovery. Our staff on the ground in the Dominican Republic and Haiti are already working closely with the national agencies and development partners to improve preparedness and deliver a timely response. It's too early to know the full impact of the storm as the events are still unfolding. However, disasters like this remind us of the need to help countries build greater resilience against ever-more frequent shocks”. Since 1980, eight countries in the Caribbean experienced a disaster event with an economic impact of over 50 percent of their annual GDP: Antigua and Barbuda, Dominica, Grenada, Guyana, Haiti, Jamaica, Saint Lucia and Saint Kitts and Nevis.The World Bank is currently supporting Caribbean countries on disaster risk management and climate change adaptation with an active investment portfolio of US$383 million.  Learn more about the work of the World Bank in Latin America and the Caribbean: www.worldbank.org/lacVisit us on Facebook: http://www.facebook.com/worldbankBe updated via:Twitter: @WBCaribbeanYouTube: http://www.youtube.com/worldbank  
World Bank supports the Eastern Caribbean Transition to a Blue Economy
Washington DC, September 26, 2017- The World Bank approved a US$6.3 million grant to support Eastern Caribbean countries to preserve and strengthen resilience of coastal and marine resources, and implement regional policies to stimulate blue growth. This will allow countries to better manage natural infrastructure which is the first line of defense against storm surges and damage from rising frequency of extreme weather events, such as the recent hurricanes. The Caribbean Regional Oceanscape project will be implemented through the Organization of Eastern Caribbean States (OECS) Commission in close collaboration with member-states. “This project will support the Eastern Caribbean policy-makers in identifying smart policies to harness the ocean and all its natural assets, and prepare for a successful transition to a blue economy and socially equitable ‘blue growth’”, said Tahseen Sayed, World Bank Country Director for the Caribbean. “As the region is greatly affected by recent hurricanes, it is equally important to build the resilience of coastal communities and promote sustainable development of the ocean resources”.   According to World Bank report “Toward A Blue Economy, A Promise for Sustainable Growth in the Caribbean”, the Caribbean Sea generated US$407 billion in value added in 2012, including mainland Caribbean coastal countries. The Caribbean Sea covers an area of 2.75 million square kilometers and is a crucial resource for the 40 million people who live along its shores. OECS countries play a key role in the regional ocean governance as they rely heavily on coastal ecosystems for their income, employment, health and well-being.  At the same time, poorly planned development poses threats to local communities as it erodes the coastal and marine natural protection and other important natural ocean assets.   “This project supports the implementation of the Eastern Caribbean Regional Ocean Policy, a comprehensive policy endorsed by all OECS Heads of State. This initiative sets forth the long-term vision to ensure the future health of the ocean space while sustainably deriving ocean wealth,” said Sylvia Michele, World Bank Environment Specialist.     The Caribbean Regional Oceanscape project supports Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines to transition towards a ‘blue economy’ model, where sustainable ocean-based industries help deliver jobs, reduce poverty and promote shared prosperity across the region.   Specifically, the project will:Support the implementation of regional policies, including mapping ocean assets, developing coastal and marine spatial plans and national ocean strategies through active citizen engagement;Collaborate with private sector technology companies and education platforms to advance ocean education; andImprove OECS ocean data coverage and access through collaborative public-private platforms.   This project is financed by a US$6.3 million grant from the Global Environmental Facility (GEF).   For more information, please visit: www.worldbank.org and www.facebook.com/bancomundialBe updated via Twitter: @WBCaribbean YouTube: www.youtube.com/worldbank
Banco Mundial apoya transición del Caribe oriental hacia una economía azul
Washington DC, 26 de septiembre de 2017 – El Banco Mundial aprobó una subvención de US$6,3 millones para ayudar a los países del Caribe oriental a conservar y fortalecer la resiliencia de sus recursos costeros y marinos, así como implementar políticas de carácter regional para estimular el crecimiento azul. Esto les permitirá a estos países gestionar mejor su infraestructura natural, que es la primera línea de defensa ante las mareas de tormentas y los daños resultantes de una mayor frecuencia de eventos climáticos extremos, como los recientes huracanes. El proyecto Entorno Oceánico Regional para el Caribe será implementado por la Comisión de la Organización de los Estados del Caribe Oriental (OECS) en estrecha colaboración con sus Estados miembro. “Este proyecto apoyará a los diseñadores de políticas del Caribe oriental en la identificación de políticas inteligentes tendientes a aprovechar el océano y sus activos naturales, así como a estar preparados para una transición exitosa hacia una economía azul y un ‘crecimiento azul’ socialmente equitativo”, dijo Tahseen Sayed, directora del Banco Mundial para el Caribe. “Dado que la región ha sido seriamente afectada por los recientes huracanes, es igualmente importante desarrollar la resiliencia de sus comunidades costeras y promover el desarrollo sostenible de los recursos oceánicos”. De acuerdo al informe del Banco Mundial, “Hacia una economía azul: una promesa de crecimiento sostenible para el Caribe”, el mar Caribe generó US$407 mil millones en valor agregado en 2012, incluidos países continentales con costa sobre el mar. El mar Caribe cubre una superficie de 2,75 millones de kilómetros cuadrados y es un recurso clave para los 40 millones de personas que viven sobre sus costas. Los países de la OECS juegan un papel fundamental en la gobernanza oceánica regional dado que dependen en gran medida de sus ecosistemas costeros para sus ingresos, puestos de trabajo, salud y bienestar. Al mismo tiempo, el desarrollo mal planificado representa una amenaza para las comunidades locales, dado que erosiona las protecciones naturales tanto costeras como marinas, así como otros activos oceánicos naturales importantes. “Este proyecto respalda la implementación de la Política Oceánica Regional para el Caribe oriental, una política integral avalada por todos los jefes de Estado de la OECS. Esta iniciativa expone una visión a largo plazo para asegurar la salud futura de los espacios oceánicos mientras se obtienen sus riquezas de una manera sostenible”, dijo Sylvia Michele, especialista en Medio Ambiente del Banco Mundial. El proyecto Entorno Oceánico Regional para el Caribe apoya a Dominica, Granada, San Cristóbal y Nieves, Santa Lucía y San Vicente y las Granadinas en su transición hacia un modelo de ‘economía azul’, en donde industrias oceánicas sostenibles ayudan a proporcionar puestos de trabajo, reducir la pobreza y promover la prosperidad compartida en toda la región. De manera específica, el proyecto: ·       Apoya la implementación de políticas regionales, incluida la cartografía de activos oceánicos, el desarrollo de planes espaciales costeros y marinos, y estrategias oceánicas nacionales con la participación activa de la ciudadanía; ·       Colabora con empresas tecnológicas del sector privado y plataformas educativas para promover la educación oceánica; y ·       Mejora la cobertura y el acceso a datos marinos por parte de la OECS a través de plataformas colaborativas público-privadas. Este proyecto está financiado por una subvención de US$6.3 millones del Fondo para el Medio Ambiente Mundial (FMAM).
Declaración de la reunión de alto nivel sobre recuperación y resiliencia en el Caribe
Washington, 13 de octubre de 2017— Los líderes y representantes de los países y territorios de CARICOM y sus socios internacionales, incluidas las instituciones financieras internacionales y los representantes de los territorios en la región, se reunieron hoy en una mesa redonda de alto nivel sobre recuperación y resiliencia en el Caribe organizado por el Grupo Banco Mundial (GBM), como parte de las Reuniones Anuales del GBM-FMI. Durante la discusión, los participantes examinaron el impacto y la recuperación de los huracanes destructivos que afectaron al Caribe en septiembre, revisaron los instrumentos disponibles para la gestión y respuesta al riesgo de desastres y consideraron la necesidad de innovar más para abordar los desafíos a largo plazo y fortalecer la resiliencia de las islas afectadas. Los participantes expresaron solidaridad y apoyo a las islas y comunidades afectadas, y reafirmaron su compromiso de trabajar juntos para reconstruir mejor y de una manera más resistente, después de la devastación causada por los huracanes Irma y María. Destacaron la necesidad de garantizar la participación activa de las comunidades, especialmente de las mujeres, en el proceso de recuperación y reconstrucción, así como la importancia de establecer normas de construcción que mitiguen el impacto de futuros fenómenos meteorológicos extremos. Los participantes también señalaron la importancia de avanzar en la Hoja de ruta de los Estados pequeños del Banco Mundial, que propone diversas iniciativas para promover la capacidad de recuperación de los pequeños Estados. Los participantes destacaron la necesidad de una respuesta que involucre a todos los socios, incluidas las organizaciones regionales, los socios para el desarrollo, el sector privado, los gobiernos nacionales y la sociedad civil, para aprovechar las ventajas comparativas para aumentar la resiliencia ante los desastres en estados insulares pequeños altamente vulnerables, donde eventos climáticos extremos han agregado a sus actuales vulnerabilidades económicas. La contribución del sector privado también será crítica, ofreciendo tanto recursos como experiencia. Si bien la evaluación de las necesidades de daños y recuperación está en curso, las primeras estimaciones apuntan a impactos económicos, en infraestructura y en subsistencia extremadamente altos de los dos huracanes en muchas de las islas afectadas. Más de dos millones de personas se vieron afectadas, con un daño casi total en las zonas más afectadas. Los participantes reconocieron el compromiso de los socios internacionales para abordar las necesidades de recuperación y resiliencia a largo plazo, como lo demuestra la continua evolución del marco de gestión y respuesta del riesgo de desastres. Un marco que actualmente incluye herramientas para la reducción de riesgos, preparación, reconstrucción y recuperación, así como financiamiento y seguro de riesgos. Por ejemplo, después de los huracanes Irma y Maria, el CCRIF SPC (anteriormente el Mecanismo de Seguros Contra Riesgos de Catástrofes en el Caribe), pagó un total de USD48.6 millones a los miembros afectados para necesidades inmediatas de alivio y recuperación. Esto muestra que la colaboración global en finanzas y seguros de riesgo puede brindar apoyo financiero rápido y confiable específicamente para las poblaciones pobres y vulnerables. Las Instituciones Financieras Internacionales (IFI, por sus siglas en inglés) también reconocieron la necesidad de continuar fortaleciendo su marco y herramientas de preparación y resiliencia a crisis, incluyendo la exploración de oportunidades para la gestión de riesgos en varios países, tales como los Catastrophe Bonds (bonos CAT), y soluciones de seguros; al igual que la provisión de servicios de asesoramiento para los países del Caribe y territorios. Las IFI siguen comprometidas en garantizar que las respuestas y los enfoques posteriores a los desastres se ajusten a las necesidades específicas de los países para prepararse y mitigarse mejor el impacto de futuros desastres. Además de sus iniciativas existentes, como el programa de reducción de desastres del Grupo Banco Mundial, las facilidades crediticias rápidas del Fondo y las inversiones del Banco de Desarrollo del Caribe en infraestructura resistente al clima, se profundizará el trabajo de todas las instituciones con países en riesgo en el Caribe. para ayudar a construir bases macroeconómicas y fiscales más fuertes y una mayor resiliencia económica. Todos los participantes reconocieron la importancia de la colaboración mundial en recuperación, resiliencia, financiación de riesgos y seguros para las poblaciones pobres y vulnerables ante riesgos climáticos y de desastres y acordaron la importancia de continuar este debate crítico durante los próximos eventos de alto nivel en 2017.  
Statement on High Level Meeting on Recovery and Resilience in the Caribbean
Washington, October 13th, 2017-- Leaders and representatives of CARICOM countries and territories, and international partners, including the international financial institutions, and the representatives of territories in the region, convened today in a high-level round table on recovery and resilience in the Caribbean hosted by the World Bank Group (WBG), as part of the WBG-IMF Annual Meetings. During the discussion, participants examined the impact of and recovery from the destructive hurricanes that struck the Caribbean in September, reviewed the instruments available for disaster risk management and response, and considered the need to innovate further in order to address the long-term challenges and strengthen resilience of affected islands.    Participants expressed solidarity and support to the affected islands and communities, and reaffirmed their commitment to working together to build back better and in a more resilient way, following the devastation caused by hurricanes Irma and Maria. They highlighted the need to ensure active engagement of communities, especially women, in the recovery and reconstruction process, as well as the importance of putting in place building standards that will mitigate the impact of future extreme weather events. The participants also noted the importance of making progress on the World Bank’s Small States Roadmap which proposes various initiatives to promote resilience of small states. The participants highlighted the need for a response involving all partners, including regional organizations, development partners, private sector, national Governments and civil society, to leverage comparative advantages for building resilience to disasters in highly vulnerable small-island states, as extreme weather events have added to their existing economic vulnerabilities. The contribution of the private sector will also be critical, offering both resources and expertise. While the damage and recovery needs assessment is ongoing, early estimates point to extremely high economic, infrastructure and livelihood impacts of the two hurricanes across many of the affected islands. More than two million people were affected, with near total damage in the worst affected areas. The participants acknowledged the international partners’ commitment to addressing long-term recovery and resilience needs, as demonstrated by the continuous evolution of the available disaster risk management and response framework.  A framework that currently includes tools for risk reduction, preparedness, reconstruction and recovery, as well as risk finance and insurance. For example, in the aftermath of hurricanes Irma and Maria, the Caribbean Catastrophe Risk Insurance Facility (CCRIF), made payouts totaling US$48.6 million to affected members for immediate relief and recovery needs. This shows that global collaboration on risk finance and insurance can provide quick and reliable financial support specifically for poor and vulnerable populations. The International Finance Institutions (IFIs) also recognized need to continue enhancing their crisis preparedness and resilience framework and toolkit, including through exploring opportunities for multi-country risk management --such as Catastrophe Bonds (CAT bonds) and insurance solutions and extending advisory services across the Caribbean countries and Overseas Territories. The IFIs remain committed to ensuring that post-disaster responses and approaches are tailored to specific country needs to better prepare for and mitigate the impact of future disasters. In addition to their existing initiatives, such as the World Bank Group’s disaster reduction program, the Fund’s rapid credit facilities, and the Caribbean Development Bank’s investments in climate resilient infrastructure, the work of all institutions with at-risk countries in the Caribbean will be deepened to help build stronger macro-fiscal foundations and economic resilience.All participants acknowledged the importance of global collaboration on recovery, resilience, risk finance and insurance for poor and vulnerable populations in the face of climate and disaster risk and agreed on the importance of continuing this critical discussion including at upcoming high level events in 2017.
Financing Conservation and Management of the Eastern Caribbean Marine Ecosystem
Challenge The marine space in the Organization of Eastern Caribbean States (OECS) is under constant threat.  A 2004 World Resources Institute study estimated that between US$350 million and US$870 million could be lost annually between 2015 and 2050 due to declining fish stocks, reduced tourism, loss of shoreline protection and coral reef degradation throughout the region. To address these threats, OECS developed policies and programs for the conservation and sustainable use of aquatic resources. However, significant gaps in these efforts, mostly due to lack of financing, have limited the effectiveness and impact of these policies.  Approach The Sustainable Financing and Management of Eastern Caribbean Marine Ecosystem Project established a large regional trust fund, the Caribbean Biodiversity Fund (CBF) in the Bahamas and five smaller, national-level revolving trust funds to provide sustainable, long-term financing to support marine conservation. The national-level trust funds, called National Protected Area Trust Funds, were established in St. Lucia, Grenada, St. Kitts and Nevis, Antigua and Barbuda, and St. Vincent and the Grenadines. The project also set up a monitoring information database through which the impact of interventions on the marine environment could be tracked. By the end of the project, the CBF had garnered US$32 million via donations from the Global Environmental Facility, The German Development Bank (KfW), and The Nature Conservancy (TNC). Investing the funding with an asset management company resulted in an additional US$2.4 million.  The World Bank leveraged its convening power for project success. Funds were not lacking, but the allocation put more than 80 percent of the funds into the endowment, leaving very little for implementation. To overcome this challenge, the Bank capitalized on synergies with The Nature Conservancy’s other project in the region (the Eastern Caribbean Marine Managed Areas Network), and with another Bank-financed project in the region that was developing a disaster risk management database. Coordinating staff and efforts under both operations helped reduce costs and duplication, supporting this project’s implementation despite limited funds. A great example of the collaboration is the use of GEONODE, a database platform previously established under a separate project, and of the services of professionals already trained and experienced in its use. Results The Sustainable Financing and Management of Eastern Caribbean Marine Ecosystem Project helped established an ongoing, long-term effort to support the health of the region’s marine and associated terrestrial ecosystems. This effort has been set on a strong footing through several collaborative and targeted undertakings. Achievements include the following: ·       Formation of the Caribbean Biodiversity Fund (CBF), which has US$34.4 million available for sustainable financing, including US$2.4 in generated income representing a greater than 7 percent rate of return for conservation financing. This result was achieved by the end of the project in December 2016. ·       Establishment of five national-level trust funds created to receive CBF funds. Of these, two (St. Lucia and Antigua and Barbuda) are considered operational, having just signed their vertical agreements with the CBF, and are ready to receive funds from CBF. Two additional national funds for St. Vincent and the Grenadines and St. Kitts and Nevis are expected to receive funds by the end of 2017. ·       Completion of demonstration activities, including (i) a water quality improvement plan in Woburn Clarkes Court Bay Marine Protected Area, including a community monitoring system; and (ii) a methodology for protected area managers to use drones to collect special data on marine protected areas. ·       Creation of a web-based regional monitoring system at www.caribnode.org that brings together data from national and regional entities and creates a Caribbean Reef Report Card and Coral Reef Assessment Tool for use by protected area managers. The assessment tools can be used to manage and track coral reef health.
Infografía: 5 datos claves sobre los empleos del futuro
Súmate a la conversación con #EmpleosDelFuturo.
La Banque mondiale vient en aide aux pays touchés par l’ouragan Irma
WASHINGTON, 7 septembre 2017 – Tandis que l’ouragan Irma ravageait les Caraïbes orientales et poursuivait sa trajectoire dévastatrice dans la mer des Antilles, le président du Groupe de la Banque mondiale, Jim Yong Kim, a fait la déclaration suivante : « Nous exprimons notre compassion et notre solidarité envers les habitants des Caraïbes orientales et tous ceux qui sont encore touchés par l’ouragan Irma. Nous avons contacté le gouvernement d’Antigua-et-Barbuda et nous lui avons offert un appui immédiat pour l’aider à évaluer les dommages et les pertes, faire face à la catastrophe et entreprendre les travaux de reconstruction. Sur le terrain, le personnel du Groupe de la Banque mondiale présent en Haïti et en République dominicaine collabore déjà étroitement avec les organismes nationaux et les partenaires de développement pour accroître les capacités opérationnelles et intervenir dans les meilleurs délais. Il est encore trop tôt pour mesurer le plein impact de la tempête, car celle-ci continue de faire rage. Quoi qu’il en soit, de telles catastrophes nous rappellent qu’il est nécessaire d’aider les pays à renforcer leur résilience contre des chocs qui se produisent de plus en plus fréquemment. » Depuis 1980, huit pays des Caraïbes ont été victimes de catastrophes naturelles dont l’impact économique a dépassé 50 % de leur PIB annuel : Antigua-et-Barbuda, la Dominique, la Grenade, le Guyana, Haïti, la Jamaïque, Sainte-Lucie et Saint-Kitts-et-Nevis.À l’heure actuelle, la Banque mondiale aide les pays des Caraïbes à gérer les risques de catastrophe et à s’adapter au changement climatique grâce à un portefeuille d’investissements en cours d’un montant de 383 millions de dollars.  Pour en savoir plus sur l'action du Groupe de la Banque mondiale en Haïti: banquemondiale.org/haitiSuivez-nous sur :Facebook : /banquemondialeTwitter: @banquemondialeYouTube : vidéos en français
El Banco Mundial ofrece su apoyo para responder al huracán Irma
WASHINGTON, 7 de septiembre de 2017 – El Presidente del Grupo Banco Mundial, Jim Yong Kim, realizó la siguiente declaración mientras el huracán Irma arrasaba con el Caribe oriental, continuando su trayectoria devastadora a través del mar Caribe: “Enviamos nuestra simpatía y solidaridad a los habitantes del Caribe oriental y a todos aquellos que todavía pueden verse afectados por el huracán Irma. Nos hemos comunicado con el gobierno de Antigua y Barbuda ofreciendo apoyo inmediato para evaluar los daños y pérdidas, responder al desastre y ayudar a comenzar la recuperación. Nuestro personal sobre el terreno, tanto en República Dominicana como Haití, ya está trabajando de manera estrecha con agencias nacionales y socios en el desarrollo para mejorar el nivel de preparación y brindar una respuesta oportuna. Es muy pronto aún para conocer el impacto total de la tormenta, dado que la situación todavía se está desarrollando. Sin embargo, desastres como estos nos recuerdan la necesidad de ayudar a los países a desarrollar su capacidad de resistir estos "shocks" cada vez más frecuentes”.Desde 1980, ocho países en el Caribe han sufrido un desastre natural con un impacto económico mayor al 50 por ciento de su PIB anual: Antigua y Barbuda, Dominica, Granada, Guyana, Haití, Jamaica, Santa Lucía y San Cristóbal y Nieves.Actualmente, el Banco Mundial apoya a los países caribeños en temas de gestión de riesgos ante desastres y adaptación al cambio climático con una cartera activa de inversiones de US$383 millones.Para conocer el trabajo del Banco Mundial en América Latina y el Caribe visite: www.bancomundial.org/alcVisítenos en Facebook: http://www.facebook.com/bancomundialManténgase informado via Twitter: http://www.twitter.com/BancoMundialLACNuestro canal de YouTube: https://www.youtube.com/user/alcregion2010/videos   
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