COVID-19 has brought the urgent need for regional integration to the forefront of the political discourse. This is particularly important in the Caribbean region, where countries depend on trade. However, between 2000 and 2015, the share of intraregional trade in the Caribbean fell from 13 percent to 10 percent of total trade. Costs, particularly those linked to non-trade … [Read more...] about Could Distributed Ledger Technology improve Caribbean trade?
Trinidad and Tobago
Let’s Pivot Together With Your Big Ideas
Have you ever thought of a way to make your country better? Perhaps you had an experience and it made you think of something that could be done to transform the way we live. That idea is exactly what fuels the Pivot Movement. We want you and your ideas to help create a plan for the future of the Caribbean. As partners in development, we have known for some time that to … [Read more...] about Let’s Pivot Together With Your Big Ideas
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
Extreme Outlier: The Pandemic’s Unprecedented Shock to Tourism in Latin America and the Caribbean
COVID-19 has generated a previously unimaginable shock to economic activity in some sectors for counties across the world—an ‘extreme outlier’ event in statistical terms. For many countries, shocks of this magnitude have not been experienced except during periods of armed conflict or extreme natural disasters. A recent publication from Inter-American Development Bank (IDB) … [Read more...] about Extreme Outlier: The Pandemic’s Unprecedented Shock to Tourism in Latin America and the Caribbean
COVID-19, The Caribbean Crisis
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