Albeit at different rates, Caribbean countries have seen their populations gradually age over time. This is the result of several factors including falling fertility rates, emigration of its working population and increasing life expectancies. Even though population aging is the result of important social achievements, such as the increase in life expectancy, it … [Read more...] about Resilient Safety Nets: Future-Proofing Retirement Incomes in the Caribbean
Caribbean development
Steadying the Ship: Small Island Developing States and Fiscal Sustainability
There is growing concern about the debt sustainability of Caribbean countries, particularly in the wake of the pandemic, which led to sharply increased deficits. Recent research, as summarized in the latest edition of the IDB’s Caribbean Economics Quarterly (Rosenblatt, Clayton, & Mooney December 2023), suggests that although debt levels in the Caribbean may be weakly … [Read more...] about Steadying the Ship: Small Island Developing States and Fiscal Sustainability
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
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
Financial Access for Firms: Jamaica’s Challenges and Opportunities
Jamaica’s successful and sustained reform efforts over the past decade have laid the foundation for more rapid financial development, but findings suggest that access to finance remains a major obstacle to investment, innovation, and development for firms across the region—particularly smaller enterprises and those led by women. A new joint publication from the IDB’s … [Read more...] about Financial Access for Firms: Jamaica’s Challenges and Opportunities