A recent New York Times article declared, “Caribbean nations are trapped between the global financial system and a looming climate disaster. One country’s leader has been fighting to find a way out.” That country is Barbados, and the leader is Mia Motley, Prime Minister and climate innovator extraordinaire. As a small island developing state (SIDS), Barbados faces … [Read more...] about Barbados taking its Blue commitments ahead with innovative deal
Joan Oriol Prats
Joan Oriol Prats is the Principal Financial Specialist in the Connectivity, Markets and Finance Division at the Inter-American Development Bank. He has more than 15 years’ experience in capital markets and sovereign risk management. He leads the sovereign guarantee practice, where he has led the first’s structures for debt for nature conversions, sovereign social bonds and blue bonds. He also serves as the Executive Secretary of the LAC Debt Management Group. Before the IDB, he worked in the public administration in Spain and the academia. He has a BA in Economics and a Ph.D. in Political Science from the Autonomous University of Barcelona and a MBA from ESADE Business School.
Why have Caribbean countries been so indebted, and what can they do to improve outcomes?
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?