“Shaping Sustainable Economic Recovery in the Caribbean – Challenges and Opportunities”.
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I am in part
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First, the rebuilding of the physical infrastructure such as the airport, hotels, utility networks, businesses and homes;
Second, the recovery of losses in revenue, income and jobs to pre-Irma levels and beyond;
Third, ensuring that rebuilding and recovery are resilient against future shocks; and
Fourth, the existence of the gap between investment needs and available financing.
First, investments in airport and seaport resilience to secure the transport of goods and persons necessary for the survivability, recovery and sustainable functioning of the economy.
Second, investments in energy resilience by completing the underground cabling program and by investing in renewable energy generation such as solar. This with the objective of securing an even quicker restoration of electricity in the aftermath of hurricanes.
Third, investing in environmental protection by implementing sustainable waste management solutions.
Fourth, investments in communications resilience considering the importance of communication for disaster management and for the operation of economies in the digital age; and
Fifth, improving social resilience by investing in the resiliency of the population and properties in underprivileged neighborhoods.
if the economy grows by 1% annually it will take us about 11 years to make up the losses;
if the economy grows by 2% annually, that is about the regional average, it will take us about 6 years to make up the losses;
if the economy grows by 3% annually it will take us about 4 years to make up the losses;
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Source: IMF Country Report No.19/23, January 2019:
that is: -4.8% in 2017 and -8.5% in 2018
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Source: That is from
USD.26,163 in 2016 to USD.23,622 in 2018
IMF Country Report No.19/23, January 2019
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