KINGSTON — Just as tourism was beginning to show signs of recovery, the Caribbean has been hit by a new wave of coronavirus infections that is causing lockdowns and flight cancellations and overwhelming hospitals. Countries including Jamaica, Martinique, The Bahamas, Barbados, St. Lucia, and Dominica have seen a rise in cases fueled by the highly […]
Tag: Inter-American Development Bank (IDB)
Economic Growth Picture For Caribbean Is Cloudy At Best After COVID-19 Outbreak
SAN JUAN — The economic growth outlook for Central America and the Caribbean is restrained by multiple interrelated factors, mostly due to dependence on the external economic environment. As global growth is poised to contract in 2020, regional growth stands to severely contract as well. In this research,the publisher analyzes the macroeconomic outlook for Puerto Rico, Panama, Jamaica, Trinidad and Tobago, Costa Rica, Dominican Republic, Guatemala, Guam, El […]
IDB Mobilizes $1 Billion For COVID-19 Vaccine Financing In The Caribbean
WASHINGTON — The Inter-American Development Bank (IDB) announced Wednesday that it will mobilize $1 billion to help Latin American and Caribbean countries acquire and distribute COVID-19 vaccines. The funds will complement $1.2 billion in resources that the IDB has committed in 2020, as well as other funds already programmed for 2021, to help countries save […]
IDB Study: Caribbean and Latin America Will Need 23 Million Health and Education Specialists By 2040
NASSAU – A new study released yesterday by the Inter-American Development Bank (IDB), revealed that the Caribbean and Latin America will need 23 million health and education professionals by 2040. The new study is from the IDB’s latest series on The future of work in Latin America and the Caribbean. In its projection of the demand […]
UN Development Program Wants To Make Caribbean The World’s First ‘Climate-Smart Zone’
PARIS — The U.N. Development Program (UNDP) announced its support to Caribbean leaders gathered today during the launch of a new public-private coalition to create the world’s first “climate-smart zone” to support the parts of the region decimated by some of the most powerful hurricanes to ever cross the Atlantic in September. The announcement came at […]
After 25 Months of Going Backwards, Caribbean and Latin American Exports Are Ticking Upwards … With e-Commerce Leading The Way
[ad name=”HTML-68″] WASHINGTON – Following 25 months of uninterrupted contraction, exports of goods from the Caribbean and Latin America (LAC) are back on the path to growth. After shrinking by 3.3 percent in 2016, the year-on-year growth between January and June 2017 reached 13.2 percent. Similarly, exports of services, which had already picked up in 2016, […]