Caribbean countries have long been among the most indebted on earth, and related vulnerabilities have slowed growth and poverty reduction across the region. Our chapter in Economic Institutions for a Resilient Caribbean—entitled: Debt Management and Institutions in the Caribbean: Best Practices and Priorities for Reform—focuses on debt-related vulnerabilities affecting … [Read more...] about Why have Caribbean countries been so indebted, and what can they do to improve outcomes?
Policy Options for Economic Recovery from the Pandemic in the Caribbean
The Pandemic has produced the deepest economic shock on record for most countries in the Caribbean region, and the pace and degree to which countries recover will depend crucially on policy choices and actions of governments in the near term. The Inter-American Development Bank Caribbean Department’s most recent Quarterly Bulletin focuses on the health, economic, and … [Read more...] about Policy Options for Economic Recovery from the Pandemic in the Caribbean
The Pandemic Saga Continues: Caribbean Quarterly Bulletin
The Inter-American Development Bank’s (IDB) Caribbean Department has published its most recent Caribbean Quarterly Bulletin focused on the evolving economic and human consequences of the COVID-19 outbreak for the region. This edition builds on work outlined in the previous edition, while taking a deeper look at: (i) the evolution of the virus, preventative measures, … [Read more...] about The Pandemic Saga Continues: Caribbean Quarterly Bulletin
Extreme Outlier: The Pandemic’s Unprecedented Shock to Tourism in Latin America and the Caribbean
COVID-19 has generated a previously unimaginable shock to economic activity in some sectors for counties across the world—an ‘extreme outlier’ event in statistical terms. For many countries, shocks of this magnitude have not been experienced except during periods of armed conflict or extreme natural disasters. A recent publication from Inter-American Development Bank (IDB) … [Read more...] about Extreme Outlier: The Pandemic’s Unprecedented Shock to Tourism in Latin America and the Caribbean
Six Recommendations to Ensure Guyana’s Oil Wealth is More Financially Inclusive
Guyana’s economy is on the verge of a historic transformation following recent oil discoveries. Financial sector development and inclusion will be crucial to maximize the benefits of faster growth and increased revenues. However, financial access and inclusion in the country are lagging, which hinders firms’ productivity and performance. A new publication from IDB economists … [Read more...] about Six Recommendations to Ensure Guyana’s Oil Wealth is More Financially Inclusive