Since 2015 and up to two weeks ago, Exxon Mobil announced three successful oil and gas discoveries offshore Guyana. Since then, there’s been mounting interests particularly because of the nature of the finds. Both Exxon Mobil and Hess Corporation have since pointed out that Guyana’s discovery is one of the richest oil and natural gas finds in decades. And as you heard by the … [Read more...] about Is the Discovery of Oil and Gas in Guyana a Blessing or a Curse?
Economy & Investment
Blockchain Technology Explained and What It Could Mean for the Caribbean
What is blockchain technology? Blockchain is a distributed ledger technology that evolved from the internet of information and represents a second phase of the internet. Whereas the first era of the internet democratized the exchange of information, blockchain promises to democratize the exchange of real value. Blockchain emerged in late 2008, in the midst of the global … [Read more...] about Blockchain Technology Explained and What It Could Mean for the Caribbean
Why is fiscal responsibility needed and what is the purpose of the Fiscal Seminar in Nassau?
[soundcloud url="https://soundcloud.com/bancointeramericanodesarrollo/debt-and-fiscal-responsibility" params="color=#ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true&visual=true" width="100%" height="300" iframe="true" /] Featuring Dr. Allan Wright, senior country economist … [Read more...] about Why is fiscal responsibility needed and what is the purpose of the Fiscal Seminar in Nassau?
Do socio-demographic factors explain high violent crime in the Caribbean?
In previous blogs about a recent study on crime in the Caribbean, we find that violent crime is uniquely high in the sub-region, and that the victims are mainly young, low-income males. With the study Restoring Paradise in the Caribbean: Combating Violence with Numbers (executive summary here), we have set out not just to characterize the situation of crime and violence in the … [Read more...] about Do socio-demographic factors explain high violent crime in the Caribbean?
How did the OECS countries face challenges for greater welfare?
Together for Prosperity is a macro-fiscal and social overview of how OECS member countries jointly faced challenges and achieved greater welfare over the past decade. By operating as group, including a single currency union, countries achieved per capita GDP growth three times higher than the Latin American average (1980-2016). Growth was volatile and testament to the … [Read more...] about How did the OECS countries face challenges for greater welfare?