Photo courtesy of Wikimedia Commons, Author, Hagainativ Not too long ago, news started to emerge that Jamaican banks would sever relations with cambios as they created problems with their international correspondent banks. (To transfer money abroad, banks need partner banks in that country, these are called correspondent banks.) This is a severe problem as in today’s modern, … [Read more...] about De-Risking and Correspondent Banking – A Caribbean Example
Economy & Investment
Sir William Arthur Lewis’ 100th Anniversary
Photo by SKopp - Own work, Government of Saint Lucia, Public Domain 2015 marks the 100th anniversary of Sir William Arthur Lewis’ birth. Who was Arthur Lewis? He was a Saint Lucian born economist who in 1979 won the only Nobel Prize in Economics by a native Caribbean for his contributions in the field of economic development. In his most influential publication entitled … [Read more...] about Sir William Arthur Lewis’ 100th Anniversary
Finding solutions for Jamaica’s Energy Sector Challenges (Part II)
Panelists (left to right): Mr. Fitzroy Vidal - Director of Energy, Ministry of Science, Technology, Energy and Mining (MSTEM), Dr. Ruth Potopsingh – Assoc. VP, University of Technology (UTECH) & IDB ConSOC Member, Mr. Christopher Brown - Business Development Manager, Development Bank of Jamaica (DBJ), and Mrs. Pauline Wilson - General Manager Pioneer Meats, (IDB/DBJ … [Read more...] about Finding solutions for Jamaica’s Energy Sector Challenges (Part II)
How can Jamaica lower the costs of energy? (Part I)
Photo courtesy of Jamaica Observer (from left) Lumas Kendrick, IDB Sr. Energy Specialist,; Therese Turner-Jones IDB-Country Representative;, Christopher Brown-DBJ Business Development Manager; Dr Ruth Potopsingh, UTech Associate Vice-President, & IDB ConSOC Member, and Dr Earl Green, IDB Consultant-Sustainable Energy & Engineering Energy Education: Jamaica is … [Read more...] about How can Jamaica lower the costs of energy? (Part I)
Some useful tools for the Caribbean when a natural disaster occurs
Photo courtesy of Stocksnap As the Caribbean region braced for this year’s hurricane season, the Inter-American Development Bank was putting the finishing touches on the Risk Monitor, a comprehensive tool to help regional policymakers consider relevant evaluation data in order to reduce the risks associated with disasters. The tool is not yet published online, but various IDB … [Read more...] about Some useful tools for the Caribbean when a natural disaster occurs