Suriname is facing a challenging economic outlook. The country’s economy has not recovered from the 2015 recession which was characterized by a large contraction in economic growth, large fiscal and external imbalances, and a rapid increase in central government debt. The effects of the ongoing COVID-19 pandemic are worsening the macroeconomic situation and affecting … [Read more...] about Strengthening Economic Institutions to Support Suriname’s Public Finances
Tourism has been one of the sectors most affected by the COVID-19 pandemic. This once-in-a-century event has generated the worst demand shock in tourism’s recorded history. One year into the pandemic, demand for hotel rooms and cruise trips are yet to recover. In tourism-dependent countries like Barbados, companies are struggling to survive. The … [Read more...] about What’s next for Barbados’ tourism industry?
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?
Caribbean countries have long been among the most indebted on earth, and related vulnerabilities have slowed growth and poverty reduction across the region. Our chapter in Economic Institutions for a Resilient Caribbean—entitled: Debt Management and Institutions in the Caribbean: Best Practices and Priorities for Reform—focuses on debt-related vulnerabilities affecting … [Read more...] about Why have Caribbean countries been so indebted, and what can they do to improve outcomes?
Ask a passer-by on the streets of Trinidad and Tobago if they think the public sector is innovative and you are likely to be met with a laugh or a look of disdain. We seem to all have horror stories of unimaginable waiting time or an inability to easily access a public service. All it takes is that one incident to forever cast a shadow of doubt that stretches on for … [Read more...] about Stories of Change from Trinidad and Tobago’s Public Sector