Feb 2022
Author(s): Rosenblatt, David;Mooney, Henry;Clayton, Khamal;Ortiz de Mendívil, Cloe;McCaskie, Ariel;Gauto, Victor;Graham, Monique;Khadan, Jeetendra;Satnarine-Singh, Nirvana
Last year ended with incipient but fragile economic recoveries in most Caribbean economies. Relatively low vaccination rates remain a concern in the six countries covered by the Caribbean Country…
Aug 2021
Author(s): Mooney, Henry;Rosenblatt, David;Ortiz de Mendívil, Cloe;Frazier, Gralyn;McCaskie, Ariel;Gauto, Victor;Bollers, Elton;Christie, Jason;Khadan, Jeetendra;Abdul-Haqq, Nazera
For more than a year, the Caribbean economics team at the Inter-American Development Bank (IDB) has focused on the potential implications of the COVID-19 pandemic for lives and livelihoods across the…
Feb 2021
Author(s): Beuermann, Diether;Schwartz, Moises;Reyes-Tagle, Gerardo;Silvani, Carlos;Ospina, Laura;Fajgenbaum, Jose;Loser, Claudio;Mooney, Henry;Prats Cabrera, Joan Oriol;Rosenblatt, David;Ter-Minassian, Teresa;Ossowski, Rolando;Giles Álvarez, Laura;Gauto, Victor;Khadan, Jeetendra;Zegarra, Maria Alejandra;De Haan, Jakob;Rojas-Suárez, Liliana;Beck, Thorsten
This volume focuses on economic institutions defined as rules and organizational arrangements that, if they govern the design and implementation of fiscal and monetary policies, can better align…
Nov 2020
Author(s): Mooney, Henry;Rosenblatt, David;Giles Álvarez, Laura;McCaskie, Ariel;Gauto, Victor;Bollers, Elton;Khadan, Jeetendra;Abdul-Haqq, Nazera
Except for Barbados, the Caribbean region experienced a new surge of Covid cases in the middle of this summer. Several factors contributed to this unfortunate situation: a rise in imported cases as…
Jul 2020
Author(s): Mooney, Henry;Rosenblatt, David;Giles Álvarez, Laura;Gauto, Victor;Bollers, Elton;Christie, Jason;McCaskie, Ariel;Khadan, Jeetendra;Smets, Lodewijk
Governments in the Caribbean region have been relatively successful in flattening the infection curve of the coronavirus in their countries. Geographical isolation is a contributing factor, but…
Apr 2020
Author(s): Mooney, Henry;Rosenblatt, David;Giles Álvarez, Laura;Zegarra, Maria Alejandra;Gauto, Victor;Christie, Jason;Smets, Lodewijk;Khadan, Jeetendra
This special edition of the Caribbean Quarterly Bulletin focuses on the evolving economic and human consequences of the ongoing COVID-19 outbreak for countries in the Caribbean region. Our team of…
Mar 2020
Author(s): Deyal, Zubin;Smets, Lodewijk
Over the past three decades, fiscal rules have increasingly been used as a tool to promote fiscal responsibility and macroeconomic stability. In principle, fiscal rules have numerous benefits,…
Jan 2020
Author(s): Khadan, Jeetendra
This paper provides long- and short -run tax buoyancy estimates for a group of 12 Caribbean countries over the period 1991-2017. By using panel regressions, this paper finds that the long- and short-…
Dec 2019
Author(s): Rosenblatt, David;Schmid, Juan Pedro;Wright, Allan;Bollers, Elton;Khadan, Jeetendra;Smets, Lodewijk;Mooney, Henry;Giles Álvarez, Laura;Waithe, Kimberly;Gauto, Victor;Christie, Jason
The divergence in the development of the countries that correspond to the Inter-American Development Banks Caribbean Country Department and the Organisation of Eastern Caribbean States (OECS)…
Sep 2019
Author(s): Wright, Allan;Grenade, Kari
This policy brief discusses strategic imperatives to build “360 resilience” in Caribbean countries. In this regard, it calls for a change of course in the region’s development trajectory and puts…
Jul 2019
Author(s): Khadan, Jeetendra
Many countries in the Caribbean have been grappling with persistent fiscal imbalances and rising debt levels. The average debt to GDP ratio in the Caribbean in 2017 was 76.6 percent, higher than the…
Jun 2019
Author(s): Schmid, Juan Pedro;Wright, Allan;Bollers, Elton;Khadan, Jeetendra;Smets, Lodewijk;Mooney, Henry;Giles Álvarez, Laura;Waithe, Kimberly;Deyal, Zubin;Gauto, Victor;Christie, Jason
The Year 2019 and Beyond
• Following the recent strong performance of the global economy, forecasts are slightly less optimistic for the future. In addition, downside risks have increased and…
Dec 2018
Author(s): Schmid, Juan Pedro;Schwartz, Moises;Zegarra, Maria Alejandra;Wright, Allan;Giles Álvarez, Laura;Waithe, Kimberly;Gauto, Victor;Bollers, Elton;Mooney, Henry;Khadan, Jeetendra;Smets, Lodewijk
The divergence in the development of the countries that correspond to the Inter-American Development Bank’s Caribbean Country Department and the Organisation of Eastern Caribbean States (OECS)…
Dec 2018
Author(s): Schmid, Juan Pedro;Waithe, Kimberly;Lorde, Kishmar
The Barbados economy has been challenged over the last decade by elevated fiscal deficits and a rapid build-up in debt. While the country has made efforts to address this challenge through revenue…
Nov 2018
Author(s): Mooney, Henry;Wright, Allan;Grenade, Kari
Fiscal councils are among the most recent innovations in terms of the architecture of fiscal institutions. This paper provides an overview of the history and evolution of these institutions, research…
Sep 2018
Author(s): Schmid, Juan Pedro;Wright, Allan;Bollers, Elton;Khadan, Jeetendra;Smets, Lodewijk;Mooney, Henry;Giles Álvarez, Laura;Schwartz, Moises;Waithe, Kimberly;Deyal, Zubin;Gauto, Victor
While countries in the Caribbean are highly diverse, several common development challenges emerge, including weak fiscal institutions, crime and violence, a sluggish private sector, weak productive…
Sep 2018
Author(s): Beuermann, Diether;Schwartz, Moises;Schmid, Juan Pedro;Dippel, Christian;Schmidt-Hebbel, Klaus;Khadan, Jeetendra;Pecha, Camilo;Fajgenbaum, Jose;Loser, Claudio;Wright, Allan;Waithe, Kimberly;Bollers, Elton;Bonnett, Kevin;Wenner, Mark D.;Mejia, Camila;Mooney, Henry;Smets, Lodewijk
The book explores the historical development and status of political and economic institutions in The Caribbean. The Caribbean institutional reality is studied vis-à-vis best international practices…
Aug 2018
Author(s): Smets, Lodewijk
Policies are not designed and implemented by a social planner but are determined through a political process, based on the policymakers' preferences, beliefs and the constraints provided by…
Jun 2018
Author(s): Wright, Allan;Grenade, Kari
This Policy Brief examines The Bahamas’ Fiscal Responsibility Bill 2018, juxtaposing it against some standard principles that typically guide the formation of a fiscal responsibility framework. Key…
Jun 2018
Author(s): Khadan, Jeetendra;Baxter, Sasha
This paper examines the effectiveness of Guyana’s fiscal framework as the country prepares to usher in an era of oil wealth. The paper draws on a large body of literature to determine the key…