After two tumultuous years, 2023 remains characterized by headwinds facing countries across the world. Our previous publications have highlighted the unprecedented nature of the COVID-19 shock to economies across the Caribbean region, particularly given its extreme dependence on external demand for resources, tourism, and finance. Just as the pandemic’s effects began to … [Read more...] about Headwinds facing the post-pandemic recovery in the Caribbean
5 ideas to create a sustainable tourism sector from Barbados to the Galápagos
“This as an opportunity to rethink tourism and rethink the economies that are based on tourism,” urges Graham Watkins, Chief of the IDB’s Climate Change and Sustainability Division, during the third instalment of the Tourism in the Caribbean: Stories from the field during COVID-19 podcast. Despite its devastating impact on the lives and livelihoods of millions of people in … [Read more...] about 5 ideas to create a sustainable tourism sector from Barbados to the Galápagos
Stories from the Field: Reopening and repositioning Caribbean tourism
At a time when news headlines related to the COVID-19 pandemic have been dire, Barbados captured imaginations around the world with the announcement of its 12-month Welcome Stamp program. The initiative invites foreign nationals who meet certain criteria to make the Caribbean island their base for remote work. This as residents of some of the island’s major tourism source … [Read more...] about Stories from the Field: Reopening and repositioning Caribbean tourism
The Pandemic Saga Continues: Caribbean Quarterly Bulletin
The Inter-American Development Bank’s (IDB) Caribbean Department has published its most recent Caribbean Quarterly Bulletin focused on the evolving economic and human consequences of the COVID-19 outbreak for the region. This edition builds on work outlined in the previous edition, while taking a deeper look at: (i) the evolution of the virus, preventative measures, … [Read more...] about The Pandemic Saga Continues: Caribbean Quarterly Bulletin
How can we use innovation to transform post-pandemic tourism?
The Caribbean region is one of the most exposed to the pandemic economic shock, due to its dependence on tourism and travel. Nevertheless, Caribbean countries have been largely successful in containing COVID-19 transmissions. After months of restricted movement between countries and within national borders, during this second half of 2020 countries are re-opening and … [Read more...] about How can we use innovation to transform post-pandemic tourism?