Caribbean Region Quarterly Bulletin: Volume 3: Issue 2: May 2014
O'Brien, Cherran; Thomas, Chrystol; Wenner, Mark D.; Schmid, Juan Pedro; Kamau, Musheer O.; Dukharan, Marla; Khan, Sarosh R.; Ruprah, Inder J.; Mercer-Blackman, Valerie
The Caribbean Region Quarterly Bulletin discusses recent economic developments and analyzes the topic of external sustainability in the 6 IDB-member Caribbean countries, as well as the Organization of Eastern Caribbean States (OECS). The countries are: The Bahamas, Barbados, Guyana, Jamaica, Suriname and Trinidad and Tobago. The regional supplement, entitled "Kundalini Falling: Intertwined Fiscal and External Sustainability", discusses the impact of a possible low-probability event. Specifically, the risk of unexpected rises in interest rates in the United States and the decline of growth in China are directly relevant to the Caribbean region. The supplement explores these risks and assesses whether economies in the Caribbean region are prepared to weather such exogenous shocks.