The Caribbean continues to be be generally perceived as a region of predominantly young people, but, just like in the rest of the Americas, it is rapidly aging. Due to demographic changes, adults aged 65 and over will comprise one fifth of the Caribbean region's population by the year 2050. This transition will take place in a very short period, as shown in the following graph. … [Read more...] about Are Caribbean Countries prepared to address their need for pension system reform?
Caribbean countries face serious fiscal and debt challenges. As recorded in the most recent OECD Latin American and Caribbean Economic Outlook 2018, two Caribbean countries hold the highest debt in the region: Barbados and Jamaica. Public debt by currency and legislation, circa 2016 (central government, % of GDP) Source: OECD Latin American and Caribbean Economic Outlook … [Read more...] about Are fiscal rules the solution to the Caribbean’s fiscal woes?
Four macro-critical factors have the potential to trigger a creative disruption in the financial sector in the Caribbean region in the not-too-distant future. These macro-critical factors are (i) risks from climatic changes and natural disasters; (ii) advance in financial technology; (iii) derisking activities by correspondent banks; and (iv) changing lifestyles and … [Read more...] about What will the Caribbean’s financial sector of the future look like?