ANNUAL NEWS CONFERENCE · Dr. Justin Ram Director of Economics Caribbean Development Bank ANNUAL...
Transcript of ANNUAL NEWS CONFERENCE · Dr. Justin Ram Director of Economics Caribbean Development Bank ANNUAL...
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2020
Dr. Justin RamDirector of EconomicsCaribbean Development Bank
ANNUAL NEWS CONFERENCE
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The Caribbean Development Bank underscores the need to build inclusive and resilient economies, to improve employment opportunities and quality of life for Caribbean citizens.
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Support to Borrowing Member Countries
USD 75 million improve public finances business environment social protection
Policy-based loans
USD 50 million recovery maintain fiscal discipline build resilience
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Knowledge Products
Multidimensional Vulnerability Index
• BMCs dependency on:
• Assistance to BMCs: development priorities
• Access to concessional finance
strategic imports export concentration
natural hazards and climate change
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Knowledge Products
Blue Economy
• Measuring impact:e.g. 6.9% of Jamaica’s GDP
• More investment needed
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Service delivery and implementation
Saint LuciaPerformance Management Delivery Unit• Implementation support to
ministries and agencies
• Priority areas
agriculture crime education
health infrastructure tourism
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Blue Economy: focus on measurement and potential of marine renewable energy
Moving forward in 2020Research for inclusive and resilient economies
Benefits of equal opportunity combined with economic competitiveness
Enhanced regional integration through factor mobility
Inclusivity and resilience undermined by crime
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CDB will carry out research and offer policy advice that is relevant and of a high quality, providing pathways to solutions for BMCs and their citizens