Despite recent improvements, the Caribbean region is still grappling with headwinds affecting social dynamics, fiscal outcomes, and economic growth. Global commodity prices—particularly for food and energy—remain volatile and above pre-pandemic levels, straining household budgets. While true that tourism dependent economies have seen this crucial sector recover, and commodity … [Read more...] about Despite persistent headwinds, the Caribbean sees a robust post-pandemic recovery
Guyana
AI: How is it Transforming Business Process Outsourcing for Unprecedented Growth?
Technology related to artificial intelligence (AI) has been developing quickly, impacting many industries, including business process outsourcing (BPO). Although AI has great potential to change the BPO industry, its advantages and disadvantages must be better understood. Let’s begin by examining how AI is positioned to transform this sector and where human expertise will … [Read more...] about AI: How is it Transforming Business Process Outsourcing for Unprecedented Growth?
Empowering the Caribbean: A Journey Towards Sustainable Energy
In the vibrant and culturally diverse region of the Caribbean, there is an essential element that fuels the dreams and aspirations of its people. It is the lifeblood that powers their play, dance, and imagination. However, the Caribbean faces numerous energy challenges, with hurricanes and earthquakes often leaving communities without electricity. Moreover, the heavy reliance … [Read more...] about Empowering the Caribbean: A Journey Towards Sustainable Energy
A bird’s eye view on project execution in Guyana
During the pandemic, the IDB Country Office in Guyana embraced drone technology to advance project supervision, an innovative way of yielding greater value in project execution. “What date was that picture taken?” asks the contractor looking at an image of a road construction project in Georgetown, Guyana. “On May 4,” the Inter-American Development Bank (IDB) … [Read more...] about A bird’s eye view on project execution in Guyana
Headwinds facing the post-pandemic recovery in the Caribbean
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