An election year is always a very active period for the Inter-American Development Bank. Even when an incumbent administration is returned to office, this period signals that it is time for a new Country Strategy to be prepared, with new areas of intervention, goals and expected results. In Barbados, the general election on May 24th , 2018 was no ordinary change in government … [Read more...] about A friend in need is a friend indeed: IDB support for Barbados moves into high gear
The IDB’s Caribbean Country Department recently published a book entitled, “Nurturing Institutions for a Resilient Caribbean.” While exploring the general importance of institutions for growth and equitable development, the book also includes country-specific chapters that provide a detailed overview for six Caribbean countries and indicate areas that would benefit from reforms … [Read more...] about Three key lessons on institutions in Barbados from IDB’s “Nurturing Institutions for a Resilient Caribbean”
Gross Domestic Product (GDP) is a widespread measure of economic performance that captures the value of all goods and services produced in a country during a specific period of time (e.g. one year). Yet, there are two key challenges when estimating GDP: i) How to capture the whole economy; ii) how to estimate the value added of all goods and services produced. Given that GDP is … [Read more...] about An imperfect measure with major implications
The May 24, 2018 General Elections in Barbados were historic in many respects. For the first time, the Parliament of Barbados was allowed to automatically dissolve on March 6, 2018, without the setting of a date for elections. It was the first time in the history of Barbados that a political party won all of the parliamentary seats in the House of Assembly. This emphatic … [Read more...] about ‘Daunting, but doable’ – Barbados takes a path towards sustainable economic growth
All over the world, projects are being designed, rolled out, executed and closed every day and at any given point in time, billions of dollars are passing through the project life cycle. The implementation of these projects provides constant learning opportunities for important knowledge that could be applied in the future. However, despite the large volume of project … [Read more...] about Can Data Analytics Improve Project Execution?