IDB member countries in the Caribbean are feeling the economic impact of the coronavirus pandemic. The lifeblood of tourism has stopped flowing to The Bahamas, Barbados and Jamaica. Falling commodity prices are impacting Guyana, Suriname and Trinidad and Tobago. All are grappling to control a public health crisis that is straining human and financial resources. IDB experts … [Read more...] about Coronavirus and the Caribbean: economic implications and options
Innovation & Change
Helping the Caribbean in a pandemic
Cruise ships are docked. Flights are grounded and tourists are staying home. As the coronavirus grinds the world economy to a halt, the small, open economies of the Caribbean are taking a hard hit. The Bahamas, Barbados and Jamaica are dependent on tourism. Oil and natural gas prices are plunging, hurting Guyana, Suriname, and Trinidad & Tobago. A recent exploration … [Read more...] about Helping the Caribbean in a pandemic
Caribbean potential takes center stage as Caribbean Governors meet
“We have to guard against anything at all that will hamper the chances of ordinary citizens from being the best that they can be.” These words from Barbados Prime Minister Mia Mottley sum up the tone at the opening of the IDB’s IX Annual Consultation of Caribbean Governors in Barbados. Prime Minister Mottley opened the meeting along with IDB President Luis Alberto Moreno who … [Read more...] about Caribbean potential takes center stage as Caribbean Governors meet
Wait No More: Improving Government Services in the Caribbean
It’s not unusual for Caribbean citizens or firms to expect that renewing a passport or registering a new vehicle will require them to spend a full day at a government office. That is, for those fortunate enough to complete their transactions in a single visit. On average, Caribbean citizens spent over 4 hours to complete their last government transaction. And this does not … [Read more...] about Wait No More: Improving Government Services in the Caribbean
Suriname’s electricity company transitions to a digital and intelligent utility
Not many years ago, EBS, the state-owned electric utility in Suriname, used to operate the power system in a manual way. If more energy from the grid was needed, the system operator called the power plant to increase the generation. In the case of a failure in a transmission line, an emergency plan was activated to adjust the system and recover the grid stability. With … [Read more...] about Suriname’s electricity company transitions to a digital and intelligent utility