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The impact of COVID-19 on the Caribbean shows there is an urgent need for resilience.
Resilience is more than strong buildings and tough people, it also includes strengthening our institutions, and especially economic institutions.
Improving the way taxes are administered, strengthening the management of the public finances, and promoting the independence of Central Banks are some of the recommendations in the new IDB book Economic Institutions for a Resilient Caribbean.
The book provides key fiscal and financial improvements to help Caribbean countries build resilience against economic shocks and recover from the COVID-19 pandemic. The study recommends that the region strengthen its institutions to promote economic growth with specific recommendations for The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago.
On Thursday, April 1 at 8:00 p.m. the authors of the book and former Governor of the Bank of Jamaica, Brian Wynter will join the discussion on “Resilient Institutions and Why They Matter to Me.” They will share some of the recommendations made in the study and answer your questions about what reforms should be implemented and how they will impact you.