By Camilo Gomez Osorio To say that small island developing states in the Caribbean are vulnerable to natural disasters is an under-statement. The devastation we have seen over the past few months is humbling and overwhelming. As the Hurricane Season is a yearly endeavor for the region, the IDB’s recently launched report, Together for Prosperity, explores the impact of … [Read more...] about Together for Prosperity in the Caribbean?
Is the Discovery of Oil and Gas in Guyana a Blessing or a Curse?
Since 2015 and up to two weeks ago, Exxon Mobil announced three successful oil and gas discoveries offshore Guyana. Since then, there’s been mounting interests particularly because of the nature of the finds. Both Exxon Mobil and Hess Corporation have since pointed out that Guyana’s discovery is one of the richest oil and natural gas finds in decades. And as you heard by the … [Read more...] about Is the Discovery of Oil and Gas in Guyana a Blessing or a Curse?
The Effects of Tropical Storms on Early Childhood Development and Labor Market Dynamics
The increase in sea water temperatures and levels will potentially cause worse tropical storms in the future and has become the most important long-term threat to economic development in the Caribbean. Predictions by the Geophysical Fluid Dynamics Laboratory, a research laboratory at the National Atmospheric and Oceanic Administration, are that the intensity of tropical … [Read more...] about The Effects of Tropical Storms on Early Childhood Development and Labor Market Dynamics
Blockchain Technology Explained and What It Could Mean for the Caribbean
What is blockchain technology? Blockchain is a distributed ledger technology that evolved from the internet of information and represents a second phase of the internet. Whereas the first era of the internet democratized the exchange of information, blockchain promises to democratize the exchange of real value. Blockchain emerged in late 2008, in the midst of the global … [Read more...] about Blockchain Technology Explained and What It Could Mean for the Caribbean
Why is fiscal responsibility needed and what is the purpose of the Fiscal Seminar in Nassau?
[soundcloud url="https://soundcloud.com/bancointeramericanodesarrollo/debt-and-fiscal-responsibility" params="color=#ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true&visual=true" width="100%" height="300" iframe="true" /] Featuring Dr. Allan Wright, senior country economist … [Read more...] about Why is fiscal responsibility needed and what is the purpose of the Fiscal Seminar in Nassau?