Despite tremendous strides towards economic stabilization, fiscal responsibility, and debt reduction, financial sector development, access, and inclusion in Jamaica lag behind many of its peers. Recent improvements in institutional capacity, policy discipline, and structural factors suggest that there is considerable scope to accelerate financial sector development and to … [Read more...] about What’s holding back financial deepening and development in Jamaica? (Part 1)
Caribbean
Accelerating the Accelerator
Since its launch in August 2018, the Caribbean Climate-Smart Accelerator has been searching for a leader. Now, after a thorough recruitment process, respected Caribbean business leader, Racquel Moses has been appointed as Chief Executive Officer. She is impressively qualified and experienced, but most importantly she’s fueled by our hope for a new Climate-Smart Caribbean. … [Read more...] about Accelerating the Accelerator
Developing Geothermal Power in Small Islands Developing States
In order to develop geothermal power, abundant underground heat and steam is required, which is not that easy to find. At the same time, large investments are needed in assessing the resource, conducting exploratory drilling, constructing geothermal plants, and building transmission lines. Small Islands Developing States (SIDS), like those in the Eastern Caribbean, have the … [Read more...] about Developing Geothermal Power in Small Islands Developing States
Better Governments for Better Lives: A Road Map for Enhancing Civil Service Management in Six Caribbean Countries
High-quality human resources are the centerpiece of state capacity. The ways in which the civil service is managed—human resource planning policies, recruitment and selection, pay, and professional development, among other factors—are critical for attracting, retaining, and motivating the right people. These are the people delivering services to us and our families every … [Read more...] about Better Governments for Better Lives: A Road Map for Enhancing Civil Service Management in Six Caribbean Countries
Development Challenges: Is the Caribbean losing out?
Many people in the Caribbean feel that times have become more difficult. The data actually corroborates the perception. An important problem is the weak growth performance since the world financial crisis. While other countries and regions have been recovering, most countries in CCB are today poorer than they were in 2007 as shown in Figure 1, which presents GDP per capita in … [Read more...] about Development Challenges: Is the Caribbean losing out?