With climate change, extreme events are expected to be the “new normal” for many small island developing states. It will take coordination and action from multiple stakeholders to effectively…

Joaquin Toro, Kerri Cox |

The World Bank has prioritized helping Saint Vincent and the Grenadines build resilience against natural disaster and climate change.

Tahseen Sayed, Ricardo Alfredo Habalian |

The 2017 Hurricane season was the most devastating season on record in terms of cost. For many, it was a stark reminder of how the entire economy of a small nation can be wiped out in a few hours…

Christelle Chapoy, Mariana Ceratti, Brune Andre |

In recognition of the vulnerabilities of small island states, we are responding to their aspirations and supporting their recovery and resilience building efforts in five inter-connected ways.

Tahseen Sayed, Christelle Chapoy |

It has been almost four years since I first became involved with the regional public-private dialogue initiative, the Caribbean Growth Forum (CGF). In June 2012, I walked into the conference room…

Israel Mallett |

Understanding macroeconomic volatility part 3Read parts 1 & 2
There’s good evidence that a country’s level of financial development affects the impact of volatility on economic growth,…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Understanding Macroeconomic Volatility: Part 2 The fact is that a government can soften a recession by increasing spending (the counter-cyclical approach) to raise demand and output. If government…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Volatility in financial markets gets wide attention in the public eye. Less noticed is what we in the development world call macroeconomic volatility—faster-than-desired swings in the broad forces…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |