[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?
When I check my saving account my first reaction is usually to call the bank or the police. I see the balance and I tell myself ‘my God I have been robbed’. However, the truth is that there is no thief to be blamed other than me. I underestimate deductions, forget to budget realistically for regular expenditures and forget about unplanned expenditures. The result of my … [Read more...] about Fiscal Unruliness – Checking the Usual Suspects for Jamaica’s Debt Buildup
With the exception of gas-rich Trinidad and Tobago, the 14 other countries of the Caribbean Community (CARICOM) are energy importers. In fact, 93 percent of the region’s energy needs are met by oil imports, which average 13 percent of GDP. Venezuela is the main supplier of oil to the Caribbean through the PetroCaribe agreement, formed in 2005, which provides oil on attractive … [Read more...] about Caribbean Energy Security is Good Business
by Christopher Barton and Lumas Kendrick There is an inseparable linkage between the fiscal crisis confronting the Caribbean Region and the reality of paying some of the world’s highest per capita energy costs. The countries in the region are encumbered with the necessity to import increasingly expensive oil products for transportation and electricity generation. Covering the … [Read more...] about A new Caribbean energy future is needed today
by Christopher Barton, Lumas Kendrick, and Malte Humpert The high and volatile price of electricity is the most important issue in the energy sector. Electricity prices in the Caribbean are among the highest in the world, and they fluctuate greatly with the global price of oil. The primary cause of the high cost of electricity is that most Caribbean countries use diesel and … [Read more...] about The Caribbean has some of the world’s highest energy costs – now is the time to transform the region’s energy market