As the Caribbean continues to draw increasing attention to the positive transformations in its overall development profile, driven in large measure by Guyana’s exciting petro prospects and a wider unfolding regional effort to further burnish its image as one of the world’s most tourism-friendly places, the region continues to attract nods of approval from some of the world’s more high-profile development agencies. On Friday, President of the Inter-American Development Bank, Ilan Goldfajn used a Business Forum, part of the 2024 IDB and IDB Invest annual meetings of their respective Boards of Governors, to move to implement policies that will position them to maximize the opportunities with their current surge of economic growth.
The Caribbean region, particularly, is currently bathed in a spotlight of international attention arising largely out of the ‘christening’ of Guyana as the world’s newest ‘petro power’ and the impetus that this development appears to have created for a surge by the wider region to present its developmental bona fides to the international community. In his address to the Business Forum, Goldfajn reportedly reeled off a succession of ‘good tidings’ insofar as the growth and development of the region is concerned. He ticked off what he said was the faster than anticipated growth of the region in recent years, as well as the decline in inflation, the result, he said, of responsible monetary and fiscal policies as two of the standout features of the forward movement of the region.
