While 2022 represented a year of recovery for the Caribbean, following drastic economic contractions for many economies in 2020, exogenous economic shocks derailed anticipated progress. High fuel prices spurred increases in transportation and electricity costs across the region, contributing to rising headline inflation. The most recent edition of the IDB’s Caribbean Economics … [Read more...] about Riding the economic waves: Trinidad and Tobago’s navigation through the headwinds
Economic Growth
Headwinds facing the post-pandemic recovery in the Caribbean
After two tumultuous years, 2023 remains characterized by headwinds facing countries across the world. Our previous publications have highlighted the unprecedented nature of the COVID-19 shock to economies across the Caribbean region, particularly given its extreme dependence on external demand for resources, tourism, and finance. Just as the pandemic’s effects began to … [Read more...] about Headwinds facing the post-pandemic recovery in the Caribbean
Exploring the potential of Finclusion in Suriname
Finclusion is a combination of the words Financial Inclusion and FinTech. It is used to describe FinTech-driven financial inclusion. In this blog, we summarize the main findings of our paper on Financial Inclusion and FinTech in Suriname. What is financial inclusion? Financial inclusion means that individuals and businesses have access to financial products and services … [Read more...] about Exploring the potential of Finclusion in Suriname
Versterking van economische instellingen ter ondersteuning van Surinaamse overheidsfinanciën
Als we kijken naar de economische vooruitzichten van Suriname, kunnen we stellen dat het land voor een aantal uitdagingen staat. De economie is nog niet hersteld van de recessie van 2015, welke werd gekenmerkt door een significante daling in economische groei, grote fiscale- en externe onevenwichtigheden en een snelle toename van de staatsschuld. Verder verergeren de … [Read more...] about Versterking van economische instellingen ter ondersteuning van Surinaamse overheidsfinanciën
Strengthening Economic Institutions to Support Suriname’s Public Finances
Suriname is facing a challenging economic outlook. The country’s economy has not recovered from the 2015 recession which was characterized by a large contraction in economic growth, large fiscal and external imbalances, and a rapid increase in central government debt. The effects of the ongoing COVID-19 pandemic are worsening the macroeconomic situation and affecting … [Read more...] about Strengthening Economic Institutions to Support Suriname’s Public Finances