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The case for financing: Caribbean resilience building in the face of the COVID-19 pandemic

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  • Alleyne, Dillon
  • McLean, Sheldon
  • Abdulkadri, Abdullahi
  • Camarinhas, Catarina
  • Hendrickson, Michael
  • Jones, Francis
  • Phillips, Willard
  • Tokuda, Hidenobu
  • Pantin, Machel
  • Skerrette, Nyasha

Abstract

The emergence of the COVID-19 pandemic has not only been sudden but has required significant re-adjustment on the part of world economies with far-reaching effects anticipated in the short to medium term. For vulnerable Caribbean economies already challenged by high debt service payments, external support is needed to fill the resource gap. The objective of this report is to assess the impact of the pandemic imposed restrictions across six critical sectors and to provide policy recommendations to ensure a swift recovery and make a case for greater external concessional financial support to the fiscally challenged economies of the subregion. The sectors examined include health, tourism, international transportation, energy, education and social protection.

Suggested Citation

  • Alleyne, Dillon & McLean, Sheldon & Abdulkadri, Abdullahi & Camarinhas, Catarina & Hendrickson, Michael & Jones, Francis & Phillips, Willard & Tokuda, Hidenobu & Pantin, Machel & Skerrette, Nyasha, 2021. "The case for financing: Caribbean resilience building in the face of the COVID-19 pandemic," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 46629, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col033:46629
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    1. Alleyne, Dillon & McLean, Sheldon & Hendrickson, Michael & Tokuda, Hidenobu & Pantin, Machel & Skerrette, Nyasha & Victor, Keron, 2021. "Economic Survey of the Caribbean 2020: Facing the challenge of COVID-19," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 46714, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Alleyne, Dillon & Hendrickson, Michael & McLean, Sheldon & Pantin, Machel & Skerrette, Nyasha, 2022. "Economic Survey of the Caribbean 2021," Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean 47743, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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