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
Economy & Investment
The Pandemic Saga Continues: Caribbean Quarterly Bulletin
The Inter-American Development Bank’s (IDB) Caribbean Department has published its most recent Caribbean Quarterly Bulletin focused on the evolving economic and human consequences of the COVID-19 outbreak for the region. This edition builds on work outlined in the previous edition, while taking a deeper look at: (i) the evolution of the virus, preventative measures, … [Read more...] about The Pandemic Saga Continues: Caribbean Quarterly Bulletin
10 Reasons We Believe Post Covid-19 Tourism Can Be Better Than Ever
I’ve been an avid consumer of Covid-19 news, it’s been fascinating in a number of ways. Especially if you remove yourself from the reality of it, this is quite a historic. When you survey the countries and their responses it makes you realize that situations like these reveal our true character. At the Caribbean Climate-Smart Accelerator, we’ve been talking … [Read more...] about 10 Reasons We Believe Post Covid-19 Tourism Can Be Better Than Ever
Extreme Outlier: The Pandemic’s Unprecedented Shock to Tourism in Latin America and the Caribbean
COVID-19 has generated a previously unimaginable shock to economic activity in some sectors for counties across the world—an ‘extreme outlier’ event in statistical terms. For many countries, shocks of this magnitude have not been experienced except during periods of armed conflict or extreme natural disasters. A recent publication from Inter-American Development Bank (IDB) … [Read more...] about Extreme Outlier: The Pandemic’s Unprecedented Shock to Tourism in Latin America and the Caribbean
COVID-19, The Caribbean Crisis
COVID-19 is taking an unprecedented (albeit still unknown) toll on Caribbean region’s economic growth. According to the recently published Caribbean Quarterly Bulletin, the decline in the tourism industry will particularly affect The Bahamas, Barbados and Jamaica. Plummeting international commodity prices are having severe consequences in Guyana, Suriname and Trinidad and … [Read more...] about COVID-19, The Caribbean Crisis