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With the economic and social stresses of the pandemic receding, Caribbean economies are experiencing continued growth into 2024, according to a new report by the Inter-American Development Bank (IDB). After the strong economic recovery of 2021–2023, Caribbean economies continue to grow at a somewhat faster pace than the Latin America and the Caribbean region, though country circumstances vary. For example, economic growth in Guyana is expected to be over 30% this year, while tourism-oriented economies are expected to grow only 2.6%. At the same time, economies are experiencing diverging

The call will be open from May 20 to June 28, 2024 The Inter-American Development Bank Group (IDB Group) launched the seventh edition of the Superheroes of Development contest to recognize clients and executing institutions excelling in the successful resolution of challenges during the implementation stage of development projects. Superheroes of Development is a BIDAcademy initiative that rewards the best lessons learned from operations containing stories that have the potential of helping other initiatives attain effective implementation. Studying the challenging path that others have

The new series will explore inequality, how it intersects with factors including gender and race, and how it impacts access to education or employment. BIDAcademy, the knowledge and learning platform of the IDB Group – which consists of the Inter-American Development Bank (IDB), IDB Invest and IDB Lab – has kicked off "Rethinking Equality ." This new podcast series will analyze the causes of inequality in Latin America and the Caribbean, the reasons for its persistence, and ways to reduce it to build a better future. Over the series’ 12 episodes on the "Voices in Action" podcast , Ana María

PUNTA CANA, Dominican Republic — The Caribbean Governors of the Inter-American Development Bank Group (IDB Group) endorsed the “One Caribbean” program, a comprehensive framework designed to support enhancing living standards across the Caribbean region. The program focuses on four pillars: climate adaptation, disaster risk management and resilience; citizen security; private sector engagement; and food security, as well as two cross-cutting areas, strengthening institutions and facilitating digital transformation. The signing of this endorsement statement took place during the IDB and IDB

IDB Lab, the innovation and venture laboratory of the Inter-American Development Bank Group (IDB Group), will invest reimbursable and non-reimbursable financing in the startup GoElectricTT to launch a new business model that aims to catalyze the adoption of electric vehicles in Trinidad and Tobago. GoElectricTT will offer short- and long-term leases and rentals of an all-electric vehicle fleet and will engage in outreach and public education on the benefits of using the vehicles. With an initial fleet of 15 vehicles, the startup will focus on the business sector of Trinidad and Tobago and

GEORGETOWN, Guyana – The Inter-American Development Bank Group (IDB Group) held its XII Annual Consultation with the Governors of IDB Caribbean member countries on February 23-24 in Georgetown, Guyana. The gathering was part of preparations for the IDB and IDB Invest Annual Meetings, which will take place on March 6-10 in the Dominican Republic. This high-level dialogue included representatives from The Bahamas, Barbados, Guyana, Suriname and Trinidad and Tobago and a representative from the Caribbean Development Bank, a longstanding partner of the IDB, which facilitates support to Eastern

Public debt load in the Caribbean has fallen sharply to near pre-pandemic levels, according to a new report by the Inter-American Development Bank (IDB), which urges governments to continue on the path of prudent debt management, given uncertain global risks. The publication reveals that the average debt-to-GDP ratio rose from 75% in 2019 to 99% in 2020 and is estimated to have fallen to 77% at the end of 2023. The sharpest declines were observed in Guyana between 2020 and 2022 and in Jamaica between 2010 and 2019. “ Dealing with Debt in the Caribbean, ” part of the Caribbean Economics

The Inter-American Development Bank approved a US$90 million Conditional Credit Line for Investment Projects, which includes a first individual loan of US$42 million, to facilitate the digital transformation of Trinidad and Tobago by supporting the expansion and enhancement of the digital economy. The two operations were approved by the IDB's Board of Executive Directors. The Conditional Credit Line for Investment Projects consists of up to three individual and sequential loans over the course of 10 years. The first loan is designed to boost productivity through inclusive and safe digital

PORT OF SPAIN, Trinidad and Tobago - Trinidad and Tobago local Soca artists Hey Choppi and 5ILVA releases the song “Call Meh”, as part of a project with the Inter-American Development Bank (IDB). The venture aims to highlight the country’s music export potential, boosted by the ever-increasing role of digital transformation in Trinidad’s creative and knowledge-based services sectors. The track “Call Meh” is available on all music streaming platforms globally starting today and via Soca legend Machel Montano's Monk Music record label in the link https://monk.smmlinkup.com/callmeh . Soca music

DUBAI – During the 2023 United Nations Climate Change Conference (COP28), the Inter-American Development Bank (IDB) presented “One Caribbean,” a new regional flagship program that aims to promote the sustainable development of the Caribbean with a sharpened focus on high-impact initiatives. Caribbean countries are among the most vulnerable to the adverse impacts of climate change, such as rising sea levels, threats to agriculture and biodiversity, and more intense and frequent hurricanes and tropical storms. The IDB’s "One Caribbean" program includes four pillars: climate adaptation, disaster