The Barbados-based Caribbean Development Bank (CDB) will release two major studies to support the region’s economic growth agenda when it holds its 47th Annual Meeting of its Board of Governors in the Turks and Caicos Islands next month.
“The studies will analyse two issues that are key to advancing economic growth in the Caribbean –regional productivity and tourism industry reform. The findings of this research will provide countries in the Region with insights, data and information that could guide policymaking and action to facilitate sustainable growth,” said Dr. Justin Ram, CDB Director of Economics.
The meeting will be held from May 24-25.
One of the studies titled “Enhancing Productivity and Growth in the Caribbean” seeks to identify the causes of low productivity and growth in the region, and puts forward recommendations for initiatives that could reverse this trend.
The findings will be discussed at a seminar on May 24 with the panellists from the public and private sectors discussing policy initiatives that could substantially strengthen regional growth performance over the medium to long term.
Among the panellists are the Governor of the Eastern Caribbean Central Bank, Dr. Timothy Antoine, the ; Managing Director of Republic Bank, Trinidad and Tobago, Nigel Baptiste, the President of the Caribbean Congress of Labour (CCL), Jennifer Dotson-Isaacs, and the Finance Minister of Suriname, Gillmore Andre Hoefdraad.
The findings of the second study titled “Tourism Industry Reform, Strategies for Enhanced Economic Impact”, will be presented during a seminar on May 25 and allow for the panel comprising Jamaica’s Tourism Minister Edmund Bartlett, the Executive Director of the Turks and Caicos Hotel and Tourism Association; Stacy Cox as well as Hugh Riley, Secretary General of the Caribbean Tourism Organisation; and Dr. Amos Peters, an economist with the CDB to discuss policy initiatives.