The Bahamas is extremely vulnerable to natural disasters and climate change. The country has been hit by 25 hurricanes over the past 25 years and between 1963 and 2019, the 14 most devastating hurricanes affected over 29,600 people. Due to climate change, the average strength and frequency of tropical cyclones will likely increase as water temperature in the North Atlantic and … [Read more...] about How satellites can help us understand the economic impacts of hurricanes
Innovation & Change
Seven considerations in reforming pension systems in the Caribbean
Pension systems in the Caribbean countries have room for improvement. In our chapter, Pension Systems in the Caribbean: The Challenges Ahead, published in Economic Institutions for a Resilient Caribbean, we assess some pressing issues that will require attention to ensure the functionality and financial sustainability of pension systems in six Caribbean countries (The Bahamas, … [Read more...] about Seven considerations in reforming pension systems in the Caribbean
A glimpse of what the Caribbean could be…
Take a moment to picture the Caribbean 20 years from today. Think about the country where you live. What does it look like? Is it technologically advanced? Is it resilient? Are you safe, productive and happy? Every action that we take today creates the world we will live in tomorrow. It is with this and present challenges facing the region in mind, that the IDB and its … [Read more...] about A glimpse of what the Caribbean could be…
Why have Caribbean countries been so indebted, and what can they do to improve outcomes?
Caribbean countries have long been among the most indebted on earth, and related vulnerabilities have slowed growth and poverty reduction across the region. Our chapter in Economic Institutions for a Resilient Caribbean—entitled: Debt Management and Institutions in the Caribbean: Best Practices and Priorities for Reform—focuses on debt-related vulnerabilities affecting … [Read more...] about Why have Caribbean countries been so indebted, and what can they do to improve outcomes?
Stories of Change from Trinidad and Tobago’s Public Sector
Ask a passer-by on the streets of Trinidad and Tobago if they think the public sector is innovative and you are likely to be met with a laugh or a look of disdain. We seem to all have horror stories of unimaginable waiting time or an inability to easily access a public service. All it takes is that one incident to forever cast a shadow of doubt that stretches on for … [Read more...] about Stories of Change from Trinidad and Tobago’s Public Sector