Hurricane Dorian’s impact on The Bahamas is a reminder that natural disasters can cause devastating loss of life and property, and impacted countries could have urgent financing needs for emergency response following a catastrophic event. The Inter-American Development Bank’s Contingent Credit Facility for Natural Disaster Emergencies (CCF) is designed to provide a financial … [Read more...] about What is the Contingent Credit Facility?
Innovation & Change
New technologies and big data are increasing the demand for skills, including digital skills and high-level cognitive skills. Caribbean private sector can influence the types of skills it needs from its workforce and play an active role in increasing productivity and competitiveness in the region – and globally. Evidence suggests that low skills in the workforce make it … [Read more...] about Developing skills for new technologies in the Caribbean
I was lucky to be part of an IDB-led technical visit to Estonia, with a delegation of public officials from our member countries. We wanted to learn about Estonia’s remarkable progress on digital government. I approached the visit with a mix of expectation and skepticism. I had read a lot about Estonia’s experience but, over many years of working on governance, I learned … [Read more...] about What I Learned in Estonia about digital government
For 50 years the Inter-American Development Bank has been partnering with the people of Barbados. Now, at a crucial time in its history, this relationship is stronger than ever. As Barbados’ leading multilateral partner our relationship with the island nation extends far beyond its present macro-economic reform agenda. We’re looking ahead to the next 50 years, taking it five … [Read more...] about A New Chapter of Engagement
Imagine a community without trending conversations around the new world of work, artificial intelligence, and disruptive technology? One word – Obsolete. In an effort to spark dialogue and new perspectives, Dr. Allan Wright, the Inter-American Development Bank’s (IDB) economist in Nassau, recently gave a presentation at The University of The Bahamas (UB) on the economic … [Read more...] about Will automation undermine or enhance human development?