MONTHLY NEWSLETTER

LATEST ISSUE

July, 2019
Caribbean Economic Report, July 2019
DomRep's Central Bank lowered its policy rate in June by 50 bps to 5.00%, Guyana experienced uneven growth in Q1 2019, Jamaica reported 1.7% GDP

Caribbean Economic Report, May 2019
Barbados' economy contracted in Q1 2019, DomRep continues to set records for remittances, Bank of Jamaica lowered its policy rate to 0.75%, T&T international reserves

Caribbean Economic Report, March 2019
Feature: "When a blacklist is, unfortunately, just that." Bahamas benefits from growth in tourism arrivals/capacity, Barbados relaxation of FX controls likely to improve business climate,

Caribbean Economic Report, February 2019
Venezuela's crisis: This is not about politics or oil - this is about people. Preliminary GDP growth for 2018: DomRep +7%; Cuba +1.2%; T&T +0.8%;

SPECIAL REPORTS

July 25, 2019
Moody’s released its Annual Credit Analysis on the Government of Trinidad and Tobago (GORTT) on June 28, 2019, followed by a FAQ on growth prospects,

March 28, 2019
The European Union (EU) published its first blacklist of 17 countries in December 2017, and updated it in March 2019 to reflect 15 countries, including

January 4, 2019
Contrary to what the Government would like us to believe, the T&T economy is in anything but a recovery and has NOT turned around. This

LATEST INSIGHTS

Q: Is Trinidad and Tobago out of a recession as indicated recently by the Trade Minister? What does the economic data show? A: Trinidad and

Negative impacts from the hurricanes persisted in 2018, with recovery in Dominica and Puerto Rico to be most evident in 2019. Fiscal and external weakness continue to affect many.

February 15, 2019
The region is becoming increasingly reliant on Travel and Tourism for employment and for overall economic activity.

MAKING A DIFFERENCE

Follow the key policies and initiatives Marla is working on to set the Caribbean on a more sustainable economic trajectory.

FISCAL RULES

The Keynesian approach to economic management assumes that higher fiscal spending stimulates growth. But in T&T, instead of running fiscal surpluses and saving energy windfalls, we continue to spend more, at times even incurring fiscal deficits and borrowing to spend when energy revenues are high. When energy prices decline, we are left with insufficient fiscal space or capacity to borrow and compensate for the attendant shortfall in energy derived fiscal revenues. But there is something we can do relatively quickly, to dampen the pro-cyclicality of fiscal policy and make it more counter cyclical…

CARIBBEAN TRANSFORMATION

FOREIGN DIRECT INVESTMENT

While financial inclusion itself is not a sustainable development goal, it underpins 8 of the 17 SDGS including reducing poverty, income inequality, and gender inequality, so much so that the World Bank has a goal of universal financial inclusion by 2020, which is even more aggressive a timeline than the SDGS. Due to ‘de-risking’, as a region, the Caribbean is becoming increasingly financially excluded on a national level. Poverty levels are already around 40%. According to the World Bank, around 2 billion people (40% of the world’s adults, 50% of the world’s poorest) are unbanked. Over one billion women worldwide are…

FINANCIAL INCLUSION

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