“This as an opportunity to rethink tourism and rethink the economies that are based on tourism,” urges Graham Watkins, Chief of the IDB’s Climate Change and Sustainability Division, during the third instalment of the Tourism in the Caribbean: Stories from the field during COVID-19 podcast. Despite its devastating impact on the lives and livelihoods of millions of people in … [Read more...] about 5 ideas to create a sustainable tourism sector from Barbados to the Galápagos
At a time when news headlines related to the COVID-19 pandemic have been dire, Barbados captured imaginations around the world with the announcement of its 12-month Welcome Stamp program. The initiative invites foreign nationals who meet certain criteria to make the Caribbean island their base for remote work. This as residents of some of the island’s major tourism source … [Read more...] about Stories from the Field: Reopening and repositioning Caribbean tourism
COVID-19 in Barbados is proving to be a perfect example of what Nassim Nicholas Taleb termed a “black swan”. It is a rare event, with an extreme impact and which, in retrospect, could have been predicted. As discussed in our latest Caribbean Quarterly Report July 2020, the pandemic reached Barbados in March 2020 and has since been putting both lives and livelihoods at stake in … [Read more...] about When Facing a Black Swan, Let’s Work Together
The Caribbean region is one of the most exposed to the pandemic economic shock, due to its dependence on tourism and travel. Nevertheless, Caribbean countries have been largely successful in containing COVID-19 transmissions. After months of restricted movement between countries and within national borders, during this second half of 2020 countries are re-opening and … [Read more...] about How can we use innovation to transform post-pandemic tourism?
For 50 years the Inter-American Development Bank has been partnering with the people of Barbados. Now, at a crucial time in its history, this relationship is stronger than ever. As Barbados’ leading multilateral partner our relationship with the island nation extends far beyond its present macro-economic reform agenda. We’re looking ahead to the next 50 years, taking it five … [Read more...] about A New Chapter of Engagement