COVID-19 is taking an unprecedented (albeit still unknown) toll on Caribbean region’s economic growth. According to the recently published Caribbean Quarterly Bulletin, the decline in the tourism industry will particularly affect The Bahamas, Barbados and Jamaica. Plummeting international commodity prices are having severe consequences in Guyana, Suriname and Trinidad and … [Read more...] about COVID-19, The Caribbean Crisis
Caribbean
Caribbean Economies in the Time of Coronavirus
The Inter-American Development Bank’s (IDB) Caribbean Department has published a special edition of its Caribbean Quarterly Bulletin—also detailed on our new dedicated website—focused on the evolving economic and human consequences of the COVID-19 outbreak for the region.[1] Our team of economists from across the region has been advising IDB senior management and member-country … [Read more...] about Caribbean Economies in the Time of Coronavirus
Caring for our Children during the COVID-19 pandemic
The COVID-19 pandemic has ushered in an uncertain and stressful period that impacts not only our physical, but also our psychological and emotional wellbeing. Although the world is better prepared to deal with disaster, the area that is still lacking is gender differential and also guidelines to take care of our emotional well-being. Most of the advice from officials on … [Read more...] about Caring for our Children during the COVID-19 pandemic
HOME NOT SO SWEET IN TIMES OF COVID19
THE SITUATION Most countries worldwide have adopted public health measures to minimize the risk of contagion and spread of COVID-19. For the Caribbean, many of these measures include “stay at home” orders and the closure of entertainment and relaxation venues such as bars and beaches. And while these measures are needed to stop the spread of COVID-19, the quarantines can … [Read more...] about HOME NOT SO SWEET IN TIMES OF COVID19
Helping the Caribbean in a pandemic
Cruise ships are docked. Flights are grounded and tourists are staying home. As the coronavirus grinds the world economy to a halt, the small, open economies of the Caribbean are taking a hard hit. The Bahamas, Barbados and Jamaica are dependent on tourism. Oil and natural gas prices are plunging, hurting Guyana, Suriname, and Trinidad & Tobago. A recent exploration … [Read more...] about Helping the Caribbean in a pandemic