20190207-final-economics presentation...1 2 3 social protection. support to bert ......
TRANSCRIPT
![Page 1: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/1.jpg)
Dr. Justin RamDirector, EconomicsCaribbean Development BankBridgetown, BarbadosFebruary 7, 2019
2019ANNUAL NEWS CONFERENCE
![Page 2: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/2.jpg)
LOW GROWTH
HIGH DEBT
HIGH UNEMPLOYMENT
Caribbean Region’s challenges
![Page 3: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/3.jpg)
LOW GROWTH
HIGH DEBT
HIGH UNEMPLOYMENT
Caribbean Region’s challenges
CLIMATE CHANGE
![Page 4: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/4.jpg)
LOW GROWTH
HIGH DEBT
HIGH UNEMPLOYMENT
Caribbean Region’s challenges
CLIMATE CHANGE
INCREASINGUNCERTAINTY
?
![Page 5: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/5.jpg)
A Policy Blueprint for Caribbean Economies
Showed that challenges are interrelated, and lead to persistent weak social outcomes
![Page 6: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/6.jpg)
A Policy Blueprint for Caribbean Economies
Showed that challenges are interrelated, and lead to persistent weak social outcomes
Stressed the urgent need for reform and action
![Page 7: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/7.jpg)
A Policy Blueprint for Caribbean Economies
Showed that challenges are interrelated, and lead to persistent weak social outcomes
Stressed the urgent need for reform and action
Leveraged relationships to ensure research responded to countries’ needs, and positioned them to deliver better results
![Page 8: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/8.jpg)
ENVIRONMENTAL SUSTAINABILITY
Damage from 2017 Hurricane
Season
VIRGIN ISLANDS damage and losses
from Hurricanes Irma, Maria
ANGUILLAdamage from
Hurricane Irma
100US$ bn 300%
of GDP
100%
of GDP
![Page 9: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/9.jpg)
Emergency relief loan US$67 million
PBL aims to strengthen fiscal management, enhance governance and labour-market flexibility, improve social resilience, and strengthen disaster management and climate resilience
VIRGIN ISLANDS
Exogenous-shock policy-based loan US$50 million
![Page 10: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/10.jpg)
ANGUILLA
Hurricane recovery support loanUS$5.6 million to meet external debt payments
Policy-based loanUS$9.3 million to implement reforms
![Page 11: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/11.jpg)
BUILDING ECONOMIC &FISCAL RESILIENCE
![Page 12: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/12.jpg)
BARBADOS
US$75 million loan to support implementation of BERT
Builds on work CDB started in 2016
![Page 13: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/13.jpg)
Barbados Economic Recovery and Transformation Pillars
FISCAL SUSTAINABILITY
INSTITUTIONAL REFORMS FOR GROWTH
1 2 3
SOCIAL PROTECTION
![Page 14: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/14.jpg)
Support to BERT
Programme signalled the Government’s commitment to address the country’s unsustainably high level of debt
BERT charts a path for the transformation of the economy to improve the wellbeing of its citizens
![Page 15: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/15.jpg)
Support to BERT
Aims to improve business environment to position economy for stronger growth, improve social protection
By 2033Debt levels projected to decline to 60% of GDP
![Page 16: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/16.jpg)
ADDRESSING THE REGION’S IMPLEMENTATION
CHALLENGE
![Page 17: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/17.jpg)
20%Rate of implementation for public projects in some countries in the Region.
![Page 18: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/18.jpg)
SAINT LUCIA
CDB supporting a US$5 million project to help Government establish Implementation and Delivery Mechanism
Saint Lucia approached CDB to determine how it might best be able to deliver on national transformation agenda
![Page 19: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/19.jpg)
TOURISM AGRICULTURE INFRASTRUCTURE CITIZENSECURITY
EDUCATION HEALTH CARE
Saint Lucia: Priority areas
![Page 20: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/20.jpg)
BUILDING RESILIENCE IN ALL ITS FORMS
![Page 21: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/21.jpg)
LOOKING AHEAD TO 2019
Research that focuses on assessing and measuring vulnerability and resilience of our BMCs
![Page 22: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/22.jpg)
LOOKING AHEAD TO 2019
Research that focuses on assessing and measuring vulnerability and resilience of our BMCs
Work will improve index CDB uses to allocate its most concessional resources
![Page 23: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/23.jpg)
LOOKING AHEAD TO 2019
Research that focuses on assessing and measuring vulnerability and resilience of our BMCs.
Work will improve index CDB uses to allocate its most concessional resourcesResearch expected to inform country engagements regarding resilience-building
![Page 24: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/24.jpg)
As we support this resilience-building,
we will also seize opportunities to exploit our resources to better
support economic growth.
![Page 25: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/25.jpg)
A proposal to better leverage our seas and coastal assets for
sustainable economic development, and social and
environmental resilience
Caribbean Blue Economy
![Page 26: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/26.jpg)
Digital transformation
Ongoing research
Regional energy markets
![Page 27: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/27.jpg)
Transformation requires fiscal discipline, human development, environmental resilience and an improved business environment.
![Page 28: 20190207-FINAL-Economics Presentation...1 2 3 SOCIAL PROTECTION. Support to BERT ... resilience-building. As we support this resilience-building, we will also seize opportunities to](https://reader034.vdocuments.net/reader034/viewer/2022042304/5ecf54ae872eca1ce71ee161/html5/thumbnails/28.jpg)
Our CommitmentTo carry out research and give policy
advice that provides pathways to solutions that meet the needs of our
citizens.