Montego Bay, Jamaica – Photo by Ramon Zamora Did you know that the Caribbean is a place where 70 percent of those who fish or work on the waters do not even know how to swim? In fact, some in the Caribbean see the Sea as more foe than friend. Over the past few years, the term “Blue Economy” has gained traction. For some, it refers to any economic activity in the maritime … [Read more...] about How the Caribbean Sea Can Help Improve Lives Financially
Growing up in The Bahamas, I remember my grandmother’s asue. There weren’t any banks where she lived on the island of Inagua, and even if there had been, it wasn’t customary for women to frequent them. To adapt, women (and sometimes men) formed their own informal savings groups, known as asues. As her group’s custodian, my grandmother collected a weekly contribution from … [Read more...] about Three ways the Caribbean can strengthen financing for private companies
From the marshy lands of the Belize interior, to the bustling high court of St. Lucia, to the silky stretches of white sandy beaches in Grenada, to creating a sustainable tourism model for the Bahamas Family of Islands, to providing safe drinking water in Haiti, Compete Caribbean has resonated deeply on the Caribbean landscape and beyond. … [Read more...] about Compete Caribbean Living and Leaving a Legacy
The economic literature of ‘investment under uncertainty’ has been used in many different contexts: investment of manufacturing firms, in financial instruments, etc. But perhaps the best application of the theoretical model is related to oil and gas investment. A recent paper, IDB-WP-661, brings these lessons to Trinidad and Tobago, discussing the dos and don’ts of taxation … [Read more...] about The Thin Blue Line of a Long Horizon: How much should Trinidad and Tobago Tax Policies Encourage Oil and Gas Investment?
Photo courtesy of Wikimedia Commons, Author, Hagainativ Not too long ago, news started to emerge that Jamaican banks would sever relations with cambios as they created problems with their international correspondent banks. (To transfer money abroad, banks need partner banks in that country, these are called correspondent banks.) This is a severe problem as in today’s modern, … [Read more...] about De-Risking and Correspondent Banking – A Caribbean Example