Trinidad and Tobago reached a milestone in promoting transparency and improving the governance of its extractive sector. On January 23rd 2015, the country achieved full compliance with the Extractive Industries Transparency Initiative (EITI) requirements. The official announcement highlights the country’s progress in adapting an international standard to a … [Read more...] about How to Strengthen Transparency in Extractive Sector Governance? Ask Trinidad and Tobago
What has been the technical assistance and policy advice from International Financial Institutions (IFIs) to select Caribbean countries in the area of fiscal sustainability? The International Financial Institutions (International Monetary Fund in particular, World Bank, Inter-American Development Bank and the Caribbean Development Bank) have invested a lot of resources … [Read more...] about The Caribbean’s Fiscal Dilemma: To Cut or Not to Cut?
There are strong and intriguing parallels between the performances of the West Indian Cricket team and the region’s economy during the past three decades. The Windies’ successes remained sporadic until the 1960s, when the side changed from a white-dominated to a black-dominated team – the Windies became more inclusive and more competitive where team selection was based on … [Read more...] about What’s Cricket Got to Do with it?
Many Caribbean economies have not only been steadily declining relative to other small economies but currently face unstable macroeconomic imbalances. Hence face the need for stabilisation cum reform policy. Just like Estragon muttering “nothing to be done” in Beckett’s play one policy option, probably less painful upfront, is to wait it out. That is to wait for a world … [Read more...] about “Let It Be”—An Economic Strategy of Benign Neglect?