Banking at the Crossroads. Annual Conference The Caribbean Association of Banks Everson W. Hull Basseterre St.Kitts November 12, 2015
|
|
- Bernard Walker
- 5 years ago
- Views:
Transcription
1 Banking at the Crossroads Annual Conference The Caribbean Association of Banks Everson W. Hull Basseterre St.Kitts November 12,
2 Outline The Fragile Pillars of Economic Growth Subdued rates of growth in consumer spending Anemic/non-existent growth in business capital investment Encouraging signs of restraint on government spending Imports imposing a heavy deadweight burden Implications for Banking Monetary Policy Meeting the Needs of Trade and commercial Activity The Banking Threats U.S. State-level Tax Haven Legislation FATCA Appraisal of The New Southern Frontier Mexico, Central and South America 2
3 $60 CARICOM COUNTRIES -- THE FRAGILE PILLARS (Billions of U.S.. Dollars) Consumer Expenditures Capital Investment Exports Imports GDP 58.1 $ $40 $ $ $ $0 -$ A $32 billion Import Bill-- A deadweight loss that drags the system down -$ $30 -$
4 4% ECONOMIC GROWTH -- ALL CARICOM COUNTRIES PRE- AND POST- FINANCIAL CRISIS (Average Annual Rates of Growth in GDP in Constant U.S. Dollars) BEFORE (2000 to 2008) AFTER (2009 to 2013) 3.3% 3% 2% 1% 0.2% 4 0% Gross Domestic Product
5 8% 7.6% THE COLLAPSE IN ECONOMIC GROWTH PRE- AND POST FINANCIAL CRISIS (Average Annual Rates of Growth in GDP -- Constant 2005 U.S. Dollars) BEFORE (2000 to 2008) AFTER (2009 to 2013) 6% 5.4% 5.0% 4.6% 4.6% 4% 3.9% 3.8% 3.7% 3.2% 3.1% 2% 2.3% 2.6% 1.7% 1.6% 2.0% 0.7% 0.5% 0.0% 0% -0.5% -0.6% -0.9% -1.0% -0.5% -0.2% -2% -4% Trinidad and Tobago Belize -3.4% Antigua and Barbuda Suriname St. Vincent and the Grenadines St. Kitts and Nevis -3.7% Grenada Dominica St. Lucia Barbados Bahamas Guyana Haiti 5
6 CARICOM member states hard hit With the exception of Guyana and Haiti all CARICOM member states experienced a contraction in growth rates Antigua and Barbuda has seen a sharp decline in a very robust pre-crisis growth rate of +5.0 percent to -3.4 percent Barbados has experienced a post-crisis reduced average annual growth rate of -3.7 percent Strong reversals are shown for Guyana and Haiti Guyana s sharp recovery of +4.6 percent reverses the severe negative effects experienced in 2005 (-2.0%) and 2006 (-5.3%) Haiti has benefited from the sharp increase in bilateral and multilateral assistance after the devastating earthquake of For all countries, what was a reasonable pre-crisis growth rate of +3.3 percent has been reduced to a growth rate of +0.2 percent. 6
7 REDUCED DEPENDENCE ON BIG-GOVERNMENT ALL CARICOM COUNTRIES COMBINED PRE- AND POST- FINANCIAL CRISIS (Government Expenditures as a Percent Share of GDP) 18% BEFORE (1980 to 2008) AFTER (2009 to 2013) 18.1% 16.7% 16% 14% 7 12%
8 22% REDUCED DEPENDENCE ON BIG-GOVERNMENT PRE- AND POST- FINANCIAL CRISIS (Government Expenditures as a Percent Share of GDP) 21.1% BEFORE (1980 to 2008) AFTER (2009 to 2013) 20% 20.0% 19.7% 18% 17.4% 17.3% 19.0% 18.3% 18.6% 18.7% 17.0% 18.0% 16% 14.8% 16.1% 16.2% 16.0% 15.5% 15.2% 14.3% 14% 12% Guyana Dominica St. Vincent and the Grenadines Antigua and Barbuda St. Kitts and Nevis Grenada St. Lucia Belize Barbados 8 -- Years missing for The Bahamas, Trinidad and Tobago and Suriname
9 Reduced dependence on government is encouraging Grounds for Optimism With the exception of St.Kitts and Nevis and Barbados, all member states have shown a reduced dependence on Government. Reduced government Reduces the demand for loanable funds in general and reduces upward pressure on interest rates; Reduces current account deficits and cumulative public debt; Results in lower cost of servicing the public debt, which frees up funds which could otherwise be used for building roads and also for reducing taxes 9
10 INFLATION -- ALL CARICOM COUNTRIES COMBINED PRE- AND POST- FINANCIAL CRISIS (Average Annual Rates of Change in the Consumer Price Index) 7% 6% BEFORE (2000 to 2008) AFTER (2009 to 2013) 6.3% 5% 4% 3.6% 3% 2% 1% 10 0% Consumer Price Index
11 22% 20% 21.0% SUBDUED RATES OF INFLATION PRE- AND POST- FINANCIAL CRISIS (Average Annual Rates of Change in the Consumer Price Index) BEFORE (2000 to 2008) AFTER (2009 to 2013) 18% 17.0% 16% 14% 12% 11.3% 10% 8% 6% 6.3% 5.2% 9.2% 7.4% 6.5% 6.2% 5.0% 4% 2% 0% % Suriname Haiti Jamaica Guyana Trinidad and Tobago 3.7% 3.6% 3.3% 3.2% 3.1% 2.9% 2.4% 2.3% 2.2% 2.1% Barbados St. Kitts and Nevis St. Vincent and the Grenadines 1.7% 1.7% 2.0% 0.6% 1.8% 1.4% 2.1% Grenada St. Lucia Belize Bahamas Dominica Antigua and Barbuda
12 40% 40.6% GROWTH IN THE MONEY SUPPLY -- M2 PRE- AND POST- FINANCIAL CRISIS (Annual Percent Change) BEFORE (2000 to 2008) AFTER (2009 to 2013) 30% 20% 15.9% 16.6% 16.4% 12.3% 13.4% 13.3% 11.4% 11.6% 10.6% 10.4% 10% 0% % 8.6% Suriname Jamaica Haiti Trinidad and Tobago 0.6% 4.8% 8.8% Barbados Guyana Belize St. Kitts and Nevis 8.4% 8.3% 8.1% 7.2% 6.5% 2.9% 1.1% St. Lucia Grenada Antigua and Barbuda 1.3% Bahamas, The 5.9% Dominica 4.7% 2.9% St. Vincent and the Grenadines
13 20% THE DISCOUNT RATE U.S.A. Versus Selected Countries (Percent) Pre-Crisis (2007) Post Crisis (2009 and 2010) 15% 15.0% 12.0% 12.0% 10% 10.0% 5% 4.8% 5.3% 6.5% 5.5% 5.8% 6.5% 6.5% 7.0% 2.3% 13 0% 0.5% USA Bahamas, The Guyana Trinidad and Tobago Source: CIA World Factbook OECS Barbados Belize
14 60% 56% INCREASED BANK LENDING 1 IN RESPONSE TO THE "NEEDS OF TRADE" PRE- AND POST- FINANCIAL CRISIS (Bank Credit Extended to the Private Sector as a Percent Share of GDP) BEFORE (2000 to 2008) AFTER (2009 to 2013) 56.5% 52% 48% 47.9% 44% 14 40% 1 Broadly defined includes loans, purchases of non-equity securities, trade credits and other accounts receivables
15 110% 100% 110.4% INCREASED BANK LENDING 1 IN RESPONSE TO THE "NEEDS OF TRADE" PRE- AND POST- FINANCIAL CRISIS (Bank Credit Extended to the Private Sector as a Percent Share of GDP) BEFORE (2000 to 2008) AFTER (2009 to 2013) 90% 80% 81.3% 80.2% 74.1% 81.7% 81.2% 70% 60% 50% 64.9% 64.7% 63.6% 63.2% 65.7% 60.0% 55.1% 52.0% 52.6% 53.5% 49.2% 47.5% 15 40% 30% 20% 10% St. Lucia Barbados Antigua and Barbuda Bahamas, The Grenada St. Kitts and Nevis Belize St. Vincent and the Grenadines 40.8% 36.6% 31.7% 32.4% Dominica Guyana Trinidad and Tobago 28.1% 21.5% 24.5% 16.7% 15.4% 14.1% Jamaica Suriname Haiti 1 Broadly defined includes loans, purchases of non-equity securities, trade credits and other accounts receivables
16 8.5% FOREIGN DIRECT INVESTMENT: ALL CARICOM COUNTRIES PRE-AND POST-FINANCIAL CRISIS (Percent Share of GDP) 8.0% BEFORE (2000 to 2008) AFTER (2009 to 2013) 8.0% 7.7% 7.5% 7.0% 6.5% 6.0% %
17 20% 15% 18.3% FOREIGN DIRECT INVESTMENT NET INFLOWS PRE- AND POST- FINANCIAL CRISIS ( Percent Share of GDP) 15.4% 16.3% 12.7% 12.4% 12.4% BEFORE (2000 to 2008) AFTER (2009 to 2013) 15.5% 12.5% 10% 8.6% 7.9% 8.3% 7.9% 8.6% 7.8% 5% 7.6% 7.3% 7.3% 7.2% 6.6% 5.8% 4.8% 5.5% 4.1% 0% 2.7% 1.9% 0.8% 0.1% -5% -6.1% -10% 17 St. Kitts and Nevis Antigua and Barbuda Grenada St. Lucia St. Vincent Trinidad and the and Tobago Grenadines Belize Dominica Guyana Jamaica Bahamas, The Barbados Haiti Suriname
18 CORPORATE INCOME TAX RATES 2013 U.S.A FEDERAL CORPORATE versus BLACK LISTED COUNTRIES 35% 30% 25% 20% 15% 10% 18 Source: Price Waterhouse Coopers Worldwide Tax Summaries (Available Data for DC "Tax Havens and EC "Non-Cooperative Tax Jurisdictions")
19 U.S.A. CORPORATE INCOME TAX RATES 2013 HIGH TAX STATES versus LOW TAX STATES 12% 12.0% 10% 10.0%10.0% 9.8% 9.5% 9.4% 9.0% 9.0% 9.0% 8.9% 8% 6% 5.0% 5.0% 4.6% 4.5% 4% 2% 0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 19 Source: U.S.A. Tax Foundation
20 U.S.A. COMBINED FEDERAL (35%) AND STATE CORPORATE INCOME TAX RATES TEN HIGHEST TAX STATES versus TEN LOWEST TAX STATES 50% 47% Federal State 45% 40% 12% 10% 10% 10% 10% 9% 9% 9% 9% 9% 5% 5% 5% 5% 35% 0% 0% 0% 0% 0% 0% 30% 25% 20% 20 Source: U.S.A. Tax Foundation, State Corporate Income Tax Rates (State corporate taxes in California are 8.84 percent)
21 $12,000 PER CAPITA EXPORTS OF GOODS AND SERVICES IN 2013 FOR OAS MEMBER STATES a b (Current U.S. Dollars) $10,000 $8,000 $6,000 $4,000 $2,000 $0 21 a Not shown are the U.S.A and Canada with $7,156 and $15,633,respectively for exports of goods and services per capita b Data "NOT SHOWN" for USA and Canada. Also, data is not available for OAS-member countries not listed Source: World Bank W
22 25,000 INTERNATIONAL TOURISM ARRIVALS IN 2013 FOR OAS MEMBER STATES a (Thousands) 20,000 15,000 10,000 5, a Not shown are the U.S.A and Canada with 69,768,000 and 16,590,000 international tourism arrivals, respectively. For OAS countries with greater than 300,000 arrivals
23 $30,000 INTERNATIONAL TOURISM EXPENDITURES IN 2013 FOR OAS MEMBER STATES a, b (Millions of U.S. Dollars) $25,000 $20,000 $15,000 $10,000 $5,000 $0 23 a For Expenditures greater than $200 mill.. Not shown are the U.S.A and Canada with $136.7bill. and $35.2bill. b Also, data is not available for OAS-member countries not listed.
24 $25,000 PERSONAL REMITTANCES RECEIVED BY OAS MEMBER STATES IN 2013 a (Millions of Current U.S. Dollars) $20,000 $15,000 $10,000 $5,000 $0 24 a Data "NOT SHOWN" for USA and Canada. Also, data is not available for OAS-member countries not listed -- For Countries with more than $400 mllion in remittances. Source: World Bank--World Development Indicators
25 25 THANK YOU FOR YOUR ATTENTION
Broad-Based Growth: The Caribbean Experience
Broad-Based Growth: The Caribbean Experience NITA THACKER WESTERN HEMISPHERE DEPARTMENT INTERNATIONAL MONETARY FUND Outline Caribbean: Some stylized facts Broad Based Growth: Caribbean Experience Policies
More informationCaribbean: Outlook and Challenges
Caribbean: Outlook and Challenges Nicole Laframboise International Monetary Fund Views expressed are those of the speaker alone and should not be reported as representing the official position of the International
More informationCARIBBEAN TOURISM ORGANIZATION LATEST STATISTICS December 4, 2014
CARIBBEAN TOURISM ORGANIZATION LATEST STATISTICS 2014 December 4, 2014 FINAL Destination Table 1: Tourist (Stop-over) Arrivals in 2014 Period Tourist Arrivals % Change Overall Winter# Summer# Anguilla
More informationPublished by the Caribbean Tourism Organization (CTO), All rights reserved.
Copyright 2016, Caribbean Tourism Organization (CTO) Published by the Caribbean Tourism Organization (CTO), 2016. All rights reserved. The designations employed and the presentation of material in this
More informationEmerging trends regarding trade and cooperation initiatives in the CARICOM region
Regional Dialogue on Promoting Services Development and Trade in Latin America and the Caribbean 12 13 November 2013 Room Raul Prebish, ECLAC, Santiago Emerging trends regarding trade and cooperation initiatives
More informationFiscal Consolidation with Medium term growth in the Caribbean
Fiscal Consolidation with Medium term growth in the Caribbean Mr. Dillon Alleyne Economic Affairs Officer, ECLAC Conference on the Economy Department of Economics, UWI St Augustine 7th October 2010 Outline
More informationCDB Lending Activities
CDB Lending Activities Responding to the Impact of the Global Crisis on Caribbean Economies Ian Durant Country Economist Economics Department July 2011 Structure of Presentation Main Aspects of CDB Borrowing
More informationDaniel Titelman Director Economic Development Division
Daniel Titelman Director Economic Development Division Economic trends in the region continue to be marked by: Uncertainty and risk in the global economy: External demand remains sluggish, which reflects
More informationDEVELOPMENT AID AT A GLANCE
DEVELOPMENT AID AT A GLANCE STATISTICS BY REGION 3. AMERICA 2018 edition All the data in this report are available at: http://www.oecd.org/dac/financing-sustainable-development/ 3.1. ODA TO AMERICA - SUMMARY
More informationInternational economic context and regional impact
Contents I. GDP growth trends in Latin America and the Caribbean in 2012 II. Regional performance in 2012: Inflation, employment and wages External sector Policies: Fiscal and Monetary III. Conclusions
More informationTHE CARIBBEAN COMMUNITY COMPRISES 15 MEMBER STATES
1 THE CARIBBEAN COMMUNITY COMPRISES 15 MEMBER STATES 2 ALL ALL 12 CSME MEMBER STATES ARE SINGLE MARKET READY - ANTIGUA AND BARBUDA - BELIZE - GRENADA - JAMAICA - ST. LUCIA - ST. VINCENT AND THE GRENADINES
More informationTECHNICAL SEMINAR ON TOURISM INVESTMENTS IN THE AMERICAS Asuncion, Paraguay. May 17-18, 2011
TECHNICAL SEMINAR ON TOURISM INVESTMENTS IN THE AMERICAS Asuncion, Paraguay May 17-18, 2011 STRUCTURE OF PRESENTATION CONTEXT TOURISM IN THE AMERICAS ROLES OF INSTITUTIONS FOCUS ON OAS AS A MULTILATERAL
More informationLatin America and the Caribbean: Fact Sheet on Economic and Social Indicators
Latin America and the Caribbean: Fact Sheet on Economic and Social Indicators Dindi R. Robinson Barbara Salazar Torreon May 30, 2013 CRS Report for Congress Prepared for Members and Committees of Congress
More informationFor authorization of the reproduction of CTO works, please contact the CTO at the address and above.
Copyright 2018, Caribbean Tourism Organization (CTO) Published by the Caribbean Tourism Organization (CTO), 2018. All rights reserved. The designations employed and the presentation of material in this
More informationDEVELOPMENT AID AT A GLANCE
DEVELOPMENT AID AT A GLANCE STATISTICS BY REGION 3. AMERICA 26 edition 3.. ODA TO AMERICA - SUMMARY 3... Top ODA receipts by recipient USD million, net disbursements in 24 3..3. Trends in ODA Colombia
More informationCARIBBEAN TOURISM ORGANIZATION LATEST STATISTICS 2008
CARIBBEAN TOURISM ORGANIZATION LATEST STATISTICS 2008 December 9, 2008 Table 1: Tourist (Stop-over) Arrivals in 2008 Period Tourist Arrivals % Change Overall Winter# Summer# Anguilla Jan-Aug 53,077-10.8-13.9-7.0
More informationTHE EXTENT OF FINANCIAL INTEGRATION WITHIN CARICOM
THE ETENT OF FINANCIAL INTEGRATION WITHIN CARICOM De Lisle Worrell and Julia Jhinkoo Picture 3 Picture 4 Presented at the L Annual Monetary Studies Conference Eastern Caribbean Central Bank Basseterre,
More informationORGANIZATION OF AMERICAN STATES
ORGANIZATION OF AMERICAN STATES INTER-AMERICAN DRUG ABUSE CONTROL COMMISSION FORTY-FOURTH REGULAR SESSION November 19-21, 2008 Santiago, Chile OEA/Ser.L/XIV.2.44 CICAD/doc.1689/08 17 November 2008 Original:
More informationFor authorization of the reproduction of CTO works, please contact the CTO at the address and above.
Copyright 2018, Caribbean Tourism Organization (CTO) Published by the Caribbean Tourism Organization (CTO), 2018. All rights reserved. The designations employed and the presentation of material in this
More informationPublished by the Caribbean Tourism Organization (CTO), All rights reserved.
Copyright 2016, Caribbean Tourism Organization (CTO) Published by the Caribbean Tourism Organization (CTO), 2016. All rights reserved. The designations employed and the presentation of material in this
More informationWT/TPR/S/299 OECS-WTO Members - 5 -
- 5 - SUMMARY 1. The WTO Members of the Organization of Eastern Caribbean States (OECS WTO Members) consist of six independent states located in the Lesser Antilles: Antigua and Barbuda, Dominica, Grenada,
More informationThe OECS was hardest hit by reduced arrivals showing an overall 12.3% decline in 2009
CTO Media Conference Feb. 8, 2010, 9AM EST Caribbean Tourism Overview 2009 1. Wider Caribbean Region Tourists arrivals in the Caribbean are on the rebound. Although aggregate tourist arrivals to the wider
More informationResearched and compiled by Ms. Elvira Doyle, UNDESA, 27 April 2004
Status /Overseas THE CARIBBEAN COUNTRIES & REGIONAL ENTITIES United Nations Researched and compiled by Ms. Elvira Doyle, UNDESA, 27 April 2004 CARICOM a/ CARI FORUM b/ ECLAC/ CDCC c/ 1. Anguilla United
More informationThe Caribbean Community ICT Agenda 2003 Grenada January 2003
The Caribbean Community ICT Agenda 2003 Grenada January 2003 CARICOM Context for E- Government: Securing the HOW and WHEN! Vision of an info-future CARICOM at a glance Antigua & Barbuda The Bahamas Barbados
More informationComing of Age: Lessons from the Past, Strategies for the Future
Coming of Age: Lessons from the Past, Strategies for the Future Dr. Victor H. Eastmond BDS(Lon.) LDSRCS (Eng.) Cert. Forensic Odontology (Sweden) Variation(s) in Accreditation of Dental Schools attended
More informationProspects for sustainable fiscal policy: Transfers and subsidies examined
Prospects for sustainable fiscal policy: Transfers and subsidies examined COTE 2014, UWI, St. Augustine Dr. Justin A. Ram, Director, Economics Department Presentation outline Caribbean economic overview
More informationStudent Drug Use in the Caribbean: A Critical Analysis For Policy Makers
3 rd Biennial Meeting of Caribbean National Observatories on Drugs Roseau, Dominica Student Drug Use in the Caribbean: A Critical Analysis For Policy Makers Pernell Clarke Inter-American Observatory on
More informationFor authorization of the reproduction of CTO works, please contact the CTO at the address and above.
Copyright 2018, Caribbean Tourism Organization (CTO) Published by the Caribbean Tourism Organization (CTO), 2018. All rights reserved. The designations employed and the presentation of material in this
More informationContents of the Economic Survey 2012
Contents of the Economic Survey 2012 I. Macroeconomic trends in Latin America and the Caribbean in 2012 II. Reactions of the countries of the region to the adversities of the global economy III. Savings
More informationADDRESSING ENVIRONMENTAL AND CLIMATE CHANGE CHALLENGES FACED BY CARIBBEAN SIDS THROUGH A SUSTAINABLE DEVELOPMENT LENS
ADDRESSING ENVIRONMENTAL AND CLIMATE CHANGE CHALLENGES FACED BY CARIBBEAN SIDS THROUGH A SUSTAINABLE DEVELOPMENT LENS Marlene Attzs, PhD Deputy Coordinator, Sustainable Economic Development Unit (SEDU)
More informationPRESENTATION ASSET RECOVERY INTER-AGENCY NETWORK FOR THE CARIBBEAN (ARIN-CARIB)
Secretariat for Multidimensional Security XLIV MEETING OF THE GROUP OF EXPERTS FOR THE CONTROL OF MONEY LAUNDERING September 25-26, 2017 Asuncion, Paraguay OEA/Ser.L/XIV. 4.44 DDOT/LAVEX/doc.16/17 September
More informationKen Sylvester Chief Executive Officer
Ken Sylvester Chief Executive Officer AGENDA 1. Caribbean: Issues and Challenges in the 21 st Century 2. C@ribNET: The Caribbean Regional Research and Education Network, Opportunity for effecting Economic
More informationNATIONAL DEVELOPMENT STRATEGY AND NATIONAL ICT STRATEGY INTEGRATION: MEETING THE MDGs AND WSIS DECLARATION
NATIONAL DEVELOPMENT STRATEGY AND NATIONAL ICT STRATEGY INTEGRATION: MEETING THE MDGs AND WSIS DECLARATION Conference for Regional Policy Makers and Advisers Caribbean Development Bank Bridgetown, 30 September
More informationAppendix A. PHYSICAL, SOCIAL, AND ECONOMIC STATISTICS
Appendix A. PHYSICAL, SOCIAL, AND ECONOMIC STATISTICS FOR THE CARIBBEAN REGION TABLE A1. CORAL REEF AREA IN THE WIDER CARIBBEAN Estimates of Coral Reef Area Reefs at Risk in the World Atlas of Coral Reefs
More informationCARICOM FRAMEWORK ON PUBLIC PROCUREMENT
CARICOM FRAMEWORK ON PUBLIC PROCUREMENT PRESENTATION AT REGIONAL MEETING ON PUBLIC PROCUREMENT SYSTEMS IN LATIN AMERICA AND THE CARIBBEAN 15-16 July 2015 Quito, Ecuador CONTENT OF PRESENTATION Background
More informationINTEGRATION AND TRADE IN THE AMERICAS
INTER-AMERICAN DEVELOPMENT BANK Department of Integration and Regional Programs Division of Integration, Trade and Hemispheric Issues Institute for the Integration of Latin America and the Caribbean Statistics
More informationONE EGG + ONE BASKET = UNSUSTAINABLE
ONE EGG + ONE BASKET = UNSUSTAINABLE DEVELOPMENT : Lessons from global crises for Caribbean Economic Development Marlene Attzs Department of Economics UWI St. Augustine 1 COTE 2009 October 1 st 2009 OUTLINE
More informationOrganisation of Eastern Caribbean States Secretariat OECS EXTERNAL MERCHANDISE TRADE ANNUAL REPORT 1998
Organisation of Eastern Caribbean States Secretariat OECS EXTERNAL MERCHANDISE TRADE ANNUAL REPORT 1998 December 1999 ii PREFACE After a hiatus during which the OECS Secretariat underwent significant changes
More information1. Introduction. 2. Basic Fundamentals. 4. Results. 5. Initiatives. 6. Final Conclusions.
1 1. Introduction. 2. Basic Fundamentals. 3. Small member states of the OAS, CARICOM and IAD 4. Results. 5. Initiatives. 6. Final Conclusions. 2 THE IADB IS MANDATED BY STATUTE TO ADDRESS THE NEEDS OF
More informationTHE CARIFORUM ECONOMIC PARTNERSHIP AGREEMENT: A look at EU CARICOM Relations
THE CARIFORUM ECONOMIC PARTNERSHIP AGREEMENT: A look at EU CARICOM Relations and Regional Integration Presenter: Nicole Warmington Granston Warmington Granston PhD Candidate, FIU WHAT IS THE CARIFORUM?
More informationORGANIZATION OF AMERICAN STATES
ORGANIZATION OF AMERICAN STATES CONTRIBUTIONS TO OAS' FUNDS BY DONOR Members: 2006 Prior Years FEMCIDI OAS Specific Funds Trust for the Americas Antigua & Barbuda $ 7,450 $ - $ 6,988 $ - $ - $ 14,438 Argentina
More informationITU is the United Nations specialized agency for information and communications technologies - ICTs
THE WORLD AMERICAS ITU is the United Nations specialized agency for information and communications technologies - ICTs 192 Member States and over 700 private-sector entities and academic institutions 3
More informationCARIBBEAN TRENDS IN THE HOTEL INDUSTRY TWELFTH EDITION SAMPLE
CARIBBEAN TRENDS IN THE HOTEL INDUSTRY TWELFTH EDITION - 2017 Maps Table of Contents Map of the Caribbean Region 5 One Step Back 6 Caribbean Hospitality Industry Updates Airbnb in the Caribbean 8 How Currency
More informationTHE SERVICES REGIME OF THE CARICOM SINGLE MARKET AND ECONOMY (CSME) A BRIEF ASSESSMENT OF ITS ACHILLES HEEL
DOHA, QATAR, 19 APRIL 2012 THE SERVICES REGIME OF THE CARICOM SINGLE MARKET AND ECONOMY (CSME) A BRIEF ASSESSMENT OF ITS ACHILLES HEEL W. Baldwin Spencer* Prime Minister Antigua and Barbuda * Delivered
More informationimplementation is a shared obligation under Art.170 The COMMUNITY shall: Subject to Articles 164, 177, 178 and 179 of this Treaty, establish appropria
CARICOM COMPETITION COMMISSION IMPLEMENTATION OF COMPETITION PROVISIONS IN THE REVISED TREATY OF CHAGUARAMAS CHALLENGES FACED BY THE CCC AS A SUPRANATIONAL AGENCY COMMUNITY COMPETITION POLICY THE GOAL
More informationLogistics in the Caribbean
Logistics in the Caribbean Current Trends and Future Prospects Caribbean Growth Forum June 19 th, 2012 Kingston, Jamaica Jordan Schwartz Gözde Isik World Bank Productivity losses (%) 30 25 20 15 10 5 OECD
More informationCountries 1Mbps 2Mbps 3Mbps
Antigua & Barbuda - Flow Antigua & Barbuda -INET Countries 1Mbps 2Mbps 3Mbps Barbados - Flow British Virgin Islands - Flow Dominica - Flow $75.60 Canada - Bell $72.53 Grenada - Flow Grenada - Green Dot
More informationMainstreaming Biodiversity Considerations into Sustainable Tourism Development & Land Use Planning
Mainstreaming Biodiversity Considerations into Sustainable Tourism Development & Land Use Planning Deirdre Shurland Coordinator Global Partnership for Sustainable Tourism UNEP Division of Technology, Industry
More informationDoing Business in Latin America and the Caribbean. Rita Ramalho Program Manager
Doing Business in Latin America and the Caribbean Rita Ramalho Program Manager What does Doing Business measure? Doing Business indicators: Focus on regulations relevant to the life cycle of a small to
More informationWorld Tourism Organization Leading organization in the field of tourism today. Global forum for tourism policy issues and a practical source of
World Tourism Organization Leading organization in the field of tourism today. Global forum for tourism policy issues and a practical source of tourism know how Members are 139 countries and 350 affiliate
More informationTOURIST ARRIVALS REPORT
No. of Arrivals TOURIST ARRIVALS REPORT Stay Over Arrivals by Market (, 217) 16, 14, 12, 1, 8, 6, 4, 2, USA UK Caribbean Canada Rest of Europe Germany France Rest of World 216 13,454 5,969 4,154 5,881
More informationTOURIST ARRIVALS REPORT
No. of Arrivals TOURIST ARRIVALS REPORT Stay Over Arrivals by Market (March, 217) 18, 16, 14, 12, 1, 8, 6, 4, 2, USA UK Caribbean Canada Rest of Europe Germany France Rest of World 216 15,61 6,61 5,57
More informationOrganisation de Coopération et de Développement Économiques Organisation for Economic Co-operation and Development
Unclassified DAF/COMP/LACF(2017)26 DAF/COMP/LACF(2017)26 Unclassified Organisation de Coopération et de Développement Économiques Organisation for Economic Co-operation and Development 19-Mar-2017 English
More informationNOVEMBER 2015 TRADE MISSION TO TRINIDAD & TOBAGO
NOVEMBER 2015 TRADE MISSION TO TRINIDAD & TOBAGO Participants: Lynn Preator, Ross Voelker, Matt Stawowy, Charles Wachsmuth, and Randy Duckworth Report Prepared for US Dry Bean Council and USDA FAS by Randy
More informationSection 6. CARICOM s Trade with MERCOSUR
Section 6 CARICOM s Trade with MERCOSUR CARICOM S TRADE WITH MERCOSUR 1996-2001 Over the period 1996 to 2001, CARICOM s imports from Mercosur doubled moving from EC$0.4 billion in 1996 (nine Member States
More informationTOURIST ARRIVALS REPORT
No. of Arrivals TOURIST ARRIVALS REPORT Stay Over Arrivals by Market (June, 217) 18, 16, 14, 12, 1, 8, 6, 4, 2, USA UK Caribbean Canada Rest of Europe Germany France Rest of World 216 15,24 3,941 4,425
More informationSession 1: Tourism Development and Conservation of Island Resources KEY ISSUES FOR SIDS AND ALL ISLAND DESTINATIONS.
Session 1: Tourism Development and Conservation of Island Resources KEY ISSUES FOR SIDS AND ALL ISLAND DESTINATIONS Richard Denman A presentation in 2 parts Tourism and Small Island Developing States:
More informationTOURIST ARRIVALS REPORT
No. of Arrivals TOURIST ARRIVALS REPORT Stay Over Arrivals by Market (February 2016) 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 USA UK Caribbean Canada Rest of Europe Germany France Rest of
More informationRenewable Energy Island Index and Marketplace. Gabriela Esmeral and Nils Janson 20 October 2017
Renewable Energy Island Index and Marketplace Gabriela Esmeral and Nils Janson 20 October 2017 AGENDA The Caribbean RE market The RE Index A look at RE projects large and small Takeaways 1 About Castalia
More informationBasel Convention Regional Centre for Training and Technology Transfer for the Caribbean Region. Activities Report 2011.
Basel Convention Regional Centre for Training and Technology Transfer for the Caribbean Region. Activities Report 2011. Background BCRC-Caribbean was established under the Framework Agreement between the
More informationPopulation, Territory and Sustainable Development The Case of the Caribbean Sub Region
Population, Territory and Sustainable Development The Case of the Caribbean Sub Region Author: Godfrey St. Bernard Sir Arthur Lewis Institute of Social and Economic Studies The University of the West Indies
More informationSection 8. CARICOM s Trade with the Central American Common Market
Section 8 CARICOM s Trade with the Central American Common Market CARICOM S TRADE WITH CENTRAL AMERICAN COMMON MARKET 1996-2001 CARICOM s trade with Central American Common Market (CACM) over the period
More information2007 Port of Spain Summit Compliance: School Meals and Healthy Eating
Rowena Symss, September 9, 2015 This report assesses compliance with the commitment below from the 2007 Port of Spain Declaration based on actions taken by the Caribbean countries between 15 September
More informationST. EUSTATIUS. Sea Arrivals II ( Summer ( Winter Yacht Arrivals I 12, % 32.5%
ST. EUSTATIUS Visitor Arrival Summary Tourist Arrivals (excluding Antilleans) to St. Eustatius increased by 2.5 percent to reach a total of 12.0 thousand in 2009. Holland continues to be the most important
More informationVISITOR ARRIVALS REPORT
No. of Arrivals VISITOR ARRIVALS REPORT Stay Over Arrivals by Market (September, 217) 9, 8, 7, 6, 5, 4, 3, 2, 1, USA UK Caribbean Canada Rest of Europe Germany France 216 7,91 3,874 4,36 1,134 374 6 114
More informationESTABLISHMENT OF THE CARICOM SINGLE MARKET AND ECONOMY SUMMARY OF STATUS OF KEY ELEMENTS ELEMENTS STATUS ACTION REQUIRED
ESTABLISHMENT OF THE CARICOM SINGLE MARKET AND ECONOMY SUMMARY OF STATUS OF KEY ELEMENTS 1. TREATY REVISION Currently applies to 12 of the 15 CARICOM Member States The Bahamas to decide Haiti to complete
More informationPopulation, Territory and Sustainable Development in the Caribbean
Population, Territory and Sustainable Development in the Caribbean Author: Godfrey St. Bernard Sir Arthur Lewis Institute of Social and Economic Studies The University of the West Indies St. Augustine,
More informationWorkshop for Caribbean countries to promote the development and implementation of Conformity Assessment programmes
Workshop for Caribbean countries to promote the development and implementation of Conformity Assessment programmes Development of quality infrastructure to promote interoperability, quality and safety
More informationCaribbean Tourism Review
Thousands PERCENTAGE Caribbean Tourism Review 1. Global Performance Worldwide international arrivals in the first eight months reached 781 million, 36 million more than in the same period of 2013 according
More informationEASTERN CARIBBEAN CURRENCY UNION (ECCU) 1. General trends
Economic Survey of Latin America and the Caribbean 2014 1 EASTERN CARIBBEAN CURRENCY UNION (ECCU) 1. General trends Economic activity in the Eastern Caribbean Currency Union (ECCU) territories is expected
More informationAfrICANDO th Annual
THE FOUNDATION FOR DEMOCRACY IN AFRICA 19th Annual AfrICANDO 2017 U.S. Africa Trade & Investment Conference/Trade Show Supply Chain Development and Competitiveness under AGOA - Making AGOA Work for SME
More informationTOURIST ARRIVALS REPORT
No. of Arrivals TOURIST ARRIVALS REPORT Stay Over Arrivals by Market (May 2016) 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 USA UK Caribbean Canada Rest of Europe Germany France Rest of World
More informationOutline of presentation. Using Epidemiology for Data-Driven Decision-Making in Tuberculosis Programs February 24, 2016
EPIDEMIOLOGY OF TUBERCULOSIS IN THE CARIBBEAN A Bird s Eye View Brendan C Bain, DM, MPH, FRCPE Consultant: Infectious Diseases and Public Health IUATLD Course on Using Epidemiology for Data-driven Decision-making
More informationEIGHTH REGULAR MEETING OF THE INTER AMERICAN COMMITTEE ON SCIENCE AND TECHNOLOGY (COMCYT) November 14 15, 2013 Washington, DC
EIGHTH REGULAR MEETING OF THE INTER AMERICAN COMMITTEE ON SCIENCE AND TECHNOLOGY (COMCYT) November 14 15, 2013 Washington, DC Dianne Lalla Rodrigues Director, ABBS Chairman, CROSQ Outline of the Presentation
More informationExtra-Regional Relations. (Complementary Note)
Economic and cooperation relations between Latin America and the Caribbean and the countries of the European Union: Status and prospects ahead of the II CELAC-EU Summit 2015 (Complementary Note) Extra-Regional
More informationGlobal Arrival Levels
INTRODUCTION Current status - globally and regionally State of the major economies Individual market performance and prospects Cruise Activity in the Caribbean Hotel Performance Airline Capacity Prognosis
More informationThe Caribbean and the Post-2015-Sustainable Development Agenda
The Caribbean and the Post-2015-Sustainable Development Agenda Setting the Scene by Ransford Smith International Development Consultant June 24, 2015. Structure of Presentation What it will Cover Introduction
More informationANGUILLA VISITOR ARRIVALS 61, % 61.2% VISITOR PROFILE TOURISM AND OTHER RELATED ECONOMIC STATISTICS $ $ $819
ANGUILLA Visitor Arrival Summary Total visitor arrivals to Anguilla totaled 118.4 thousand in 2010 compared to 112.1 thousand in 2009, an increase of 5.6 percent. Stay-over Arrivals continued to exceed
More informationTRAVEL & TOURISM S ECONOMIC IMPACT
TRAVEL & TOURISM S 2011 ECONOMIC IMPACT The World Travel & Tourism Council (WTTC), which is the business leaders forum for Travel & Tourism, has spent more than 20 years developing its economic impact
More informationAn Assessment of Trade Performance and Competitiveness of OECS Countries
An Assessment of Trade Performance and Competitiveness of OECS Countries October 28, 2005 Prepared by Christopher Vignoles for the Caribbean Regional Negotiating Machinery (CRNM) TABLE OF CONTENTS I. Introduction...
More informationToward a Sustainable Energy Future: A continuing partnership with the Caribbean
Toward a Sustainable Energy Future: A continuing partnership with the Caribbean Mark Lambrides Department of Sustainable Development Organization of American States 23 July 2007 The Current Energy Regime:
More informationThe Development and Use of the Caribbean Risk Management Guidelines for Climate Change Adaptation Decision Making
The Development and Use of the Caribbean Risk Management Guidelines for Climate Change Adaptation Decision Making Carlos Fuller Regional and International Liaison Officer The Caribbean Community Climate
More informationTRADE AGREEMENTS IN THE CARIBBEAN: ALCOHOL, TOBACCO AND SSB S
TRADE AGREEMENTS IN THE CARIBBEAN: ALCOHOL, TOBACCO AND SSB S Sub-Regional Workshop on Alcohol, Tobacco and Sugar-Sweetened Beverages Taxation, 16 17 May, 2017. Vincent J Atkins Objective This brief presentation
More informationParticipating States: Anguilla, Antigua and Barbuda, The Commonwealth of The Bahamas, Barbados, Belize, British Virgin Islands, The Commonwealth of
Participating States: Anguilla, Antigua and Barbuda, The Commonwealth of The Bahamas, Barbados, Belize, British Virgin Islands, The Commonwealth of Dominica, Grenada, Republic of Guyana, Haiti, Jamaica,
More informationDavid Prendergast Ministry of Foreign Affairs and Foreign Trade 7 September 2011
David Prendergast Ministry of Foreign Affairs and Foreign Trade 7 September 2011 Antigua & Barbuda Barbados Belize Dominica Grenada Guyana Jamaica St. Kitts & Nevis St. Lucia St. Vincent & the Grenadines
More informationClimate Change and Tourism A Caribbean Tourism Organization Perspective
Climate Change and Tourism A Caribbean Tourism Organization Perspective Presented by: Gail N. Henry Sustainable Tourism Product Specialist Caribbean Tourism Organization CARIBSAVE Partners Symposium, The
More informationCARIBBEAN DEVELOPMENT BANK
CARIBBEAN DEVELOPMENT BANK PRESENTATION TO DONOR MEETING IN SUPPORT OF CCRIF DR. JUSTIN RAM DIRECTOR OF ECONOMICS MARCH 23, 2015 Structure of Presentation Facts and Disaster Risks of Caribbean Countries
More informationTOURIST CRUISE SHIPS AND THE TRADE IN SERVICES: RECENT TRENDS IN COUNTRIES OF THE CARIBBEAN BASIN
Issue No. 223, March 2005 TOURIST CRUISE SHIPS AND THE TRADE IN SERVICES: RECENT TRENDS IN COUNTRIES OF THE CARIBBEAN BASIN This issue of the Bulletin reviews the main trends of trade in goods and services
More informationGENERAL INF.1 11 February 2004 ORIGINAL: ENGLISH
ECONOMIC COMMISSION FOR LATIN AMERICA AND THE CARIBBEAN Subregional Headquarters for the Caribbean in collaboration with CIDA GENDER EQUALITY PROGRAMME UNITED NATIONS DEVELOPMENT FUND FOR WOMEN CARIBBEAN
More informationFeasibility of a Regional Health Insurance Mechanism for Caricom. 6 th Caribbean Conference. Presentation to the. November 23, 2011, Bermuda
Feasibility of a Regional Health Insurance Mechanism for Caricom Presentation to the 6 th Caribbean Conference on Health Financing Initiatives November 23, 2011, Bermuda Presenter: Raphael D. Barrett RDB_DAHCON_6
More informationWATER CHALLENGES AND SOLUTIONS FOR THE CARIBBEAN DR MARTIN FORDE
WATER CHALLENGES AND SOLUTIONS FOR THE CARIBBEAN DR MARTIN FORDE RATIONALE Title Summary Why Water Challenges and Solutions for the Caribbean This book provides in one book a comprehensive review of the
More informationWÄRTSILÄ IN CENTRAL AMERICA AND THE CARIBBEAN
WÄRTSILÄ IN CENTRAL AMERICA AND THE CARIBBEAN Harri Antikainen Financial Analyst, Project Development Wärtsilä Energy Solutions March 2018 WÄRTSILÄ HAS STRONG PRESENCE IN THE REGION Wärtsilä has a decades
More informationST. EUSTATIUS. Visitor Arrival Summary
ST. EUSTATIUS Visitor Arrival Summary Tourist Arrivals (excluding Antilleans) to St. Eustatius increased by 2.5 percent to reach a total of 12.0 thousand in 2009. A strong summer season (up 6.7 percent)
More informationCompete Caribbean Program Jose Jorge Saavedra
Compete Caribbean Program Jose Jorge Saavedra Private Sector Development, Lead Specialist Executive Director of the Compete Caribbean Program Inter-American Development Bank May 10th, 2012 FACTS AND FIGURES:
More informationST. EUSTATIUS. Sea Arrivals ( Summer ( Winter Yacht Arrivals 11, % 32.1%
ST. EUSTATIUS TOURISM HIGHLIGHTS FOR 2007 VISITOR ARRIVALS Tourist Arrivals I ( Summer* ( Winter* 11,568 67.9% 32.1% Sea Arrivals ( Summer ( Winter Yacht Arrivals 5,858 48.5% 51.5% 707 ACCOMMODATION STATISTICS
More informationIssue Brief AN ANALYSIS OF TRADE FLOWS BETWEEN PUERTO RICO AND CARICOM 1. THE REGIONAL AND HISTORICAL FRAMEWORK
Issue Brief AN ANALYSIS OF TRADE FLOWS BETWEEN PUERTO RICO AND CARICOM 1. THE REGIONAL AND HISTORICAL FRAMEWORK The Commonwealth of Puerto Rico covers an area of 9,104 square kilometres with a population
More informationUNFCCC Expert Meeting on Loss and Damage
UNFCCC Expert Meeting on Loss and Damage Small Island Developing States Group Barbados October 9 11, 2012 CARIBBEAN COMMUNITY CLIMATE CHANGE CENTRE The CCCCC CARICOM Specialised Institution Coordinating
More informationCaribbean Youth Policy Review
Caribbean Youth Policy Review Presentation to the Caribbean Forum on Population, Youth and Development July 24, 2018 Caribbean youth policy review Key findings Context Methodology Participating countries
More informationdrs Raymond Jessurun AI Conference Policy and Campaining
drs Raymond Jessurun AI Conference 2014 - Policy and Campaining 1. awareness and advocacy to prioritize dementia 2. globalization policy achievements ADI 3. awareness alliance with Rotary Club of Sint
More informationCARIBBEAN TOURISM ORGANIZATION TOURIST ARRIVALS FROM EUROPE
BBEN TUS GNZTN TUST VLS F EUPE Notes to Tables The following symbols and conventions are used throughout this report: - New series evised Fiscal Provisional Non-esident ir rrivals only T Estimate ncludes
More information