The Bahamas is extremely vulnerable to natural disasters and climate change. The country has been hit by 25 hurricanes over the past 25 years and between 1963 and 2019, the 14 most devastating hurricanes affected over 29,600 people. Due to climate change, the average strength and frequency of tropical cyclones will likely increase as water temperature in the North Atlantic and … [Read more...] about How satellites can help us understand the economic impacts of hurricanes
The Bahamas
The Fragile Path to Recovery in the Caribbean
Summer 2021 Caribbean Quarterly Economic Bulletin For more than a year, the Caribbean economics team at the Inter-American Development Bank (IDB) has focused on the potential implications of the COVID-19 pandemic for lives and livelihoods across the region. The pandemic is still with us, and the emergence of new and more virulent strains of COVID-19 has also increased … [Read more...] about The Fragile Path to Recovery in the Caribbean
Imagining a Post-COVID Tourism Recovery
Countries around the world have endured over a year of extreme uncertainty in the context of the COVID-19 crisis, and economies in the Caribbean have suffered more than most. But with the increasing availability of vaccines and prospects for a resumption of international travel, light is emerging at the end of the Pandemic tunnel. With this in mind, The Inter-American … [Read more...] about Imagining a Post-COVID Tourism Recovery
A glimpse of what the Caribbean could be…
Take a moment to picture the Caribbean 20 years from today. Think about the country where you live. What does it look like? Is it technologically advanced? Is it resilient? Are you safe, productive and happy? Every action that we take today creates the world we will live in tomorrow. It is with this and present challenges facing the region in mind, that the IDB and its … [Read more...] about A glimpse of what the Caribbean could be…
What can Caribbean countries do to accelerate financial development?
Financial development is crucial for economic growth, poverty reduction, reducing inequality, and a number of other important social outcomes. Caribbean countries have historically lagged in a number of related areas, and our new chapter in Economic Institutions for a Resilient Caribbean—entitled: Financial Development in the Caribbean—focuses on how countries in the region … [Read more...] about What can Caribbean countries do to accelerate financial development?