CARACAS — The poorest will be the hardest hit across the Caribbean and Latin America by the economic fallout from Russia’s invasion of Ukraine, with the region facing further inflationary pressure, a…
Tag: International Monetary Fund (IMF)
Income Level Alone Should Not Determine How Much Benefit Aid A Country Receives: OP-ED Piece
SANTIAGO, Chile — The recent call to action by the Secretary of the Treasury of the United States, Janet Yellen, to the G-20 for a new issue of IMF Special Drawing Rights…
A New U.S. Initiative Is Needed For The Caribbean: Expert OP-ED Columnist
When the economies of the Caribbean and Central America finally exit the pandemic, most will be in crisis. As a recent [International Monetary Fund] IMF review of The Bahamas put it, recovery…
Rough Road Ahead For Caribbean and Latin American Economies, IMF Says
SAN JUAN (Reuters) — Latin American and Caribbean economic activity will not return to pre-pandemic levels of output until 2023 and GDP per capita will catch up only in 2025, later than…
Caribbean Indigenous People Return To Roots As COVID-19 Shrinks Tourism
BELMOPAN — Indigenous cultures in the Caribbean, struggling as their tourism-dependent economies are ravaged by the coronavirus pandemic, are returning to traditional farming and fishing roots for their livelihoods, local experts said….
Distressed Caribbean Countries Face A Dilemma: They’re Too Rich
BRIDGETOWN — For Caribbean nations such as Suriname, Belize and Barbados, the pandemic hasn’t just shut down local economies. It’s also led some investors to worry about how they’ll repay their bonds….
Caribbean Tourism Has Been Decimated By COVID-19, But The Private Sector Can Cushion The Blow
NASSAU — We are all in the same COVID-19 storm, but not all countries are in the same boat. Here in the Bahamas, 70 percent of our GDP is generated from tourism….
IMF Sees Caribbean Economy Shrinking 6.2% In 2020 Due To Pandemic
WASHINGTON — A sudden stop in tourism caused by border closures and lockdowns aimed at containing the coronavirus pandemic will cause a 6.2% contraction of the Caribbean economy in 2020, the deepest…
International Monetary Fund Expects ‘Modest’ Growth For Caribbean in 2018
WASHINGTON — The International Monetary Fund (IMF), says economic prospects for the region are generally improving and modest growth is expected in 2018 and 2019. The IMF, in its Regional Economic Outlook…