Video directed by Lynn Saghir, Caribbean Country Department, IDB Jason wants to attend university, but he doesn’t have enough to fund it out of pocket. As someone who has left school at a young age, he doesn’t have enough savings and his parents can’t afford the tuition. So, what does he do? He borrows money to finance his tuition fees. He has put himself in debt to … [Read more...] about Living Beyond Means
Do you know that the smallest U.S. state has a similar land area to all of the OECS countries combined? The six independent countries in the Organization of Eastern Caribbean States (OECS) are Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines. Now, try to imagine that these small islands being hit by a hurricane … [Read more...] about Surviving the Storm
By Camilo Gomez Osorio To say that small island developing states in the Caribbean are vulnerable to natural disasters is an under-statement. The devastation we have seen over the past few months is humbling and overwhelming. As the Hurricane Season is a yearly endeavor for the region, the IDB’s recently launched report, Together for Prosperity, explores the impact of … [Read more...] about Together for Prosperity in the Caribbean?
Together for Prosperity is a macro-fiscal and social overview of how OECS member countries jointly faced challenges and achieved greater welfare over the past decade. By operating as group, including a single currency union, countries achieved per capita GDP growth three times higher than the Latin American average (1980-2016). Growth was volatile and testament to the … [Read more...] about How did the OECS countries face challenges for greater welfare?