Wednesday, January 24, 2018

Climate Resilience Zone a smart move*


The Caribbean’s economic development over the last 20 years has been seriously hampered by adverse external economic events such as oil price spikes and the perennial damage from natural disasters, notably hurricanes.  These circumstances mutated into a full-blown existential crisis with the onset of the global financial fallout of 2008, which was compounded and intensified recently by the increasing frequency of more powerful hurricanes. The Caribbean countries were the economies worst affected by the global economic crisis, according to research by the Inter-American Development Bank (IDB).

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