Reports on Caribbean Economy
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Institutional Author | Date Published | Abstract | Download Link |
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Barbados launches its first Financial Stability Report |
Central Bank of Barbados | 2012-01-27 | ||
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Barbados' Economic Performance for 2011 and Prospects for 2012 |
Central Bank of Barbados | 2012-01-17 |
News Conference and Review of Barbados' Economic Performance for 2011 and Prospects for 2012 video and text. |
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CENTRAL BANK OF BELIZE Quarterly Review |
Central Bank of Belize | 2011-09-01 |
Following a strong first quarter showing, world economic activity weakened in the second and third quarters amid increased spillover risks associated with the deepening euro zone crisis, haky recovery in the US and heightened global financial market volatility. The broad theme of a two-speed global economic recovery was maintained, with balance sheet fragilities and high unemployment providing strong headwinds in advanced economies, while narrow output gaps and capital flows into emerging markets amplified inflationary pressures and threatened macroeconomic stability. In the Caribbean region, growth remained constrained by high sovereign debt, weak tourism flows and persistent financial sector weaknesses. |
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Central Bank of Trinidad and Tobago Financial STABILITY REPORT December 2011 |
Central Bank of Trinidad and Tobago | 2011-12-01 | ||
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CENTRALE BANK VAN ARUBA CHARTS & TRENDS |
CENTRALE BANK VAN ARUBA | 2012-01-26 | ||
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Crisis Response Initiatives of the Multilateral Financial Institutions Operating in the Caribbean |
Caribbean Development Bank | 2009-06-01 |
The Development Finance Institutions (DFIs) operating in the Caribbean have crafted responses designed to assist their member countries in dealing with the global financial and economic crisis. This document outlines the programmes that have been put in place by each institution. As the nature of the programmes is determined by the effect of the crisis on the countries, a summary of the impact of the crisis is first provided. |
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Financial Stability Report |
Central Bank Trinidad and Tobago | 2009-09-01 |
The Financial Stability Report is addressed to financial market participants as well as others interested in economic management and policy. The aim is to give a comprehensive assessment of the financial system and of the system’s ability to withstand potential disturbances. It is envisaged that provision of this information will condition market behaviour and in so doing help to promote financial stability. |
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IDB’s role in the rebuilding of Haiti a year on from the earthquake |
Inter-American Development Bank | 2011-01-01 |
A year on from the earthquake that devastated Haiti on January 12, 2010, Inter-American Development Bank (IDB) president, Luis Alberto Moreno, issued a communiqué in which he mentioned the progress made in the country’s rebuilding with the support of IDB and other international agencies, as well as governments and other bodies.2 Moreno emphasized the need for continued cooperation so that Haiti can overcome the current difficulties and reach a path of sustained development without relying on international cooperation. |
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IMF and World Bank Approve US$1.2 Billion Debt Relief for Haiti |
IMF | 2009-07-01 |
Haiti was granted US$1.2 billion of debt relief by reaching the completion point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative approved by the Boards of the International Development Association (IDA) and the International Monetary Fund (IMF). Haiti is now the 26th country to reach the completion point under the Initiative. Debt service savings result from the HIPC Initiative (US$265 million) and the Multilateral Debt Relief Initiative (MDRI) (US$972.7 million). |
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Jamaica: Macroeconomic Policy, Debt and the IMF |
Center for Economic and Policy Research | 2011-04-01 |
This paper looks at Jamaica’s recent history of indebtedness, its experience during the global economic downturn, and examines its current agreement with the International Monetary Fund (IMF). It finds that Jamaica’s economic and social progress has suffered considerably from the burden of an unsustainable debt; and that even after the debt restructuring of 2010, this burden remains unsustainable and very damaging. Pro-cyclical macroeconomic policies, implemented under the auspices of the IMF, have also damaged Jamaica’s recent and current economic prospects. |
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Main Highlights from the Financial Stability Report, November 2010 |
Central Bank of Trinidad and Tobago | 2010-12-20 |
The domestic financial system has had to weather several challenges during the year including the fall-out from the CL Financial/Colonial Life Insurance Company (Trinidad Limited (CLICO) crisis and the effects of sluggish economic activity in the regional economies and at home. Although the financial system has been negatively affected by the fragile economic conditions, the key financial stability indicators still remain strong by regional and international standards. |
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Odyssey in International Markets: an Assessment of the Effectiveness of Export Promotion in Latin America and the Caribbean |
Inter-American Development Bank | 2010-09-01 |
Despite progress in communication technologies, lack of information still severely handicaps companies seeking to operate in international markets. Furthermore, the investments that these companies must make to gather the information required to trade with foreign markets may yield reduced returns and may consequently be low from a social point of view as third parties may derive benefits from this same information. Thus, lack of information may negatively affect trade, and thereby productivity and economic growth. For these reasons, firms carrying out export projects may require support to overcome information barriers. This is precisely the service that export promotion organizations provide. But, there is little evidence on how well these organizations perform this task. Export promotion is costly, and the resources used might be better employed elsewhere. In order to ascertain that these resources are, in fact, being well invested, it must be first determined whether the policy initiatives they finance have an impact on those variables that are supposed to affect, in this case, exports. Making this determination is the aim of this report. This study first makes a comprehensive analysis of export promotion organizations in some three dozens of countries and regions; and second, it provides robust evaluations, using state-of-the-art econometrics and original datasets purposely compiled, of the impacts that policies have had on export outcomes of countries and firms. Findings reported in this study suggest that trade promotion has been effective in facilitating export expansion, especially along the extensive margin. At the same time, the report points the need for further research to gain deeper insights into its relative merits. |
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Preliminary Overview of the Economies of Latin America and the Caribbean 2009 |
UN ECLAC | 2009-12-01 |
The Preliminary Overview of the Economies of Latin America and the Caribbean is an annual publication prepared by the Economic |
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Productive Development Policies in Trinidad and Tobago: A Critical Review |
Inter-American Development Bank | 2010-01-01 |
Even as Trinidad and Tobago seeks productive diversification away from the energy sector, the process underlying the country’s productive development policies (PDP) is in a state of transition from state-directed industrial policy to a newer approach with extensive private-public participation. This study explores the main characteristics of four PDPs in Trinidad and Tobago and reviews them following the related literature (e.g., Rodríguez-Clare, 2005a and 2005b, and Melo and Rodríguez-Clare, 2006). The four PDPs are: a) The process towards the Promotion of Clusters; b) the PDPs for the Tourism industry; c) the classical PDPs for Micro, Small and Medium Enterprises and; d) the Free Trade Zone as a policy designed to compensate for the failure of the State |
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Regional Economic Outlook Western Hemisphere Shifting Winds, New Policy Challenges |
International Monetary Fund | 2011-10-01 |
This October 2011 issue of the Regional Economic Outlook: Western Hemisphere (REO) was prepared by a |
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Regional Economic Outlook: Western Hemisphere: Watching Out for Overheating |
International Monetary Fund | 2011-04-01 |
The global economy continues to expand unevenly, with emerging economies running faster than advanced economies—and consequently, facing different challenges and risks. Output remains well below potential in the United States and other advanced economies. In many emerging market economies, including in Latin America, the recovery has been much faster, and the task is to avoid overheating. |
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Riding the Roller Coaster : Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean |
International Monetary Fund | 2010-11-01 |
This paper analyzes recent fiscal policies of nonrenewable resource exporting countries in Latin America and the Caribbean in the context of sharp swings in resource prices. Fiscal policies were predominantly procyclical during the boom period 2003-08 but to significantly differing degrees within the sample. Countries that pursued more conservative fiscal policies during the boom were then able to implement countercyclical fiscal policies during the downturn; moreover, they reduced or maintained their fiscal vulnerability to resource shocks, while their long-term fiscal sustainability positions improved or were broadly unchanged. However, these dimensions of fiscal policy did not seem to be linked to fiscal rules or resource funds, as countries with such institutions displayed a broad range of fiscal responses to the recent cycle. |
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Ten years after the take-off: taking stock of China- Latin America and the Caribbean economic relations |
Inter-American Development Bank | 2010-10-01 |
In the space of ten years two economies that barely traded, let alone exchanged investments, have become major trade partners. Between 2000 and 2008 trade between China and Latin America and the Caribbean grew at a breakneck annual rate of 31 percent, and even during the financial crisis in 2009 the dynamism remained unabated. China is today among LAC’s top trading partners, particularly in countries such as Brazil, Chile, Peru and Argentina. LAC’s share of China’s trade is still modest, but has been growing fast, and the region figures among China’s main suppliers of key raw materials such as copper, iron ore, and soybeans. |
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The Reactions of the Governments of the Americas to the International Crisis: an Overview of Policy Measures up to 31 July 2009 |
UNECLAC | 2009-07-31 |
In response to the crisis, the countries of the American continent have unveiled various sorts of measures, which are outlined in this document. Broadly speaking, those measures aim either to restore confidence and unlock financial markets or to bolster weakened aggregate demand. |
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The Travel & Tourism Competitiveness Report 2011 Beyond the Downturn |
The World Economic Forum | 2011-01-01 |
The World Economic Forum has for the past five years engaged key industry and thought leaders through its Aviation, Travel & Tourism Industry Partnership Programme to carry out an in-depth analysis of the Travel & Tourism competitiveness of economies around the world. The aim is to provide a platform for multi-stakeholder dialogue to ensure the development of strong and sustainable national Travel & Tourism industries capable of contributing effectively to international economic development. The theme of this edition of the Travel & Tourism Competitiveness Report, “Beyond the Downturn,” reflects the cautiously optimistic outlook and many complexities still facing the industry that must be overcome to ensure strong sectoral growth going into the future. |
