towards sustainable development in caribbean sids - cepal

Towards sustainable developmentin Caribbean SIDS

Dillon Alleyne PhDDeputy Director, ECLAC Subregional Headquarters

for the Caribbean

Port of Spain, Trinidad and Tobago, 17 May 2019

CARIBBEANFIRST!• Strategic focus on persistent Caribbean development

challenges including disaster assessment;• Raising levels of national and regional advocacy in the

search for solutions;• Giving prominence to discourse on critical Caribbean issues

in all ECLAC forums;• Leveraging financial support and technical assistance for

agreed Caribbean priorities;• Promoting wider Caribbean engagement in ECLAC forums

and initiatives.Port of Spain, Trinidad and Tobago, 17 May 2019 2

EnvironmentalVulnerability:Needforaglobal,regionalandsubregionalcompactforaddressingClimateChange

impact


CountriesImpactedbyStorms

Number of disasters caused by storms and number of affected countries

Source: EM-DAT: The CRED/OFDA International Disaster Database – www.emdat.be – Université Catholique de Louvain – Brussels –Belgium.

0

2

4

6

8

10

12

14

16

1970

1973

1974

1978

1979

1980

1983

1984

1985

1986

1987

1988

1989

1990

1992

1993

1994

1995

1996

1998

1999

2000

2001

2002

2003

2004

2005

2007

2008

2010

2011

2012

2015

2016

2017

Number of affected countries Number of events

Port of Spain, Trinidad and Tobago, 17 May 2019 4

DamagecausedbystormsThe Caribbean (29 countries and territories):a damage caused by storms, 1973-

2017 (Billions of dollars)

Source: Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of Centre for Research on the Epidemiology of Disasters (CRED), Emergency Events Database (EM-DAT) [online] www.emdat.be, and assessments by ECLAC and the World Bank.aAnguilla, Antigua and Barbuda, Barbados, Bahamas, Belize, Bermuda, British Virgin Islands, Cayman Islands, Cuba, Dominica, Dominican Republic, Grenada, Guadeloupe, Guyana, Haiti, Jamaica, Martinique, Montserrat, former Netherlands Antilles, Puerto Rico, Saint Kitts and Nevis, Saint Martin, Saint Lucia, Saint Vincent and the Grenadines, Sint Maarten, Trinidad and Tobago, Turks and Caicos Islands, United States Virgin Islands.


0

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

70,000,000

80,000,000

90,000,000

100,000,000

1990 1995 2000 2005 2010 2015

5

IndebtednessandVulnerability


Domesticmacroeconomicvulnerability:facingdebtoverhang,fiscalconstraints

andlowgrowth


Source: Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of official figures.aAnguilla, Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia,

Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago.


Weakeconomicgrowth

-2.5-2.0-1.5-1.0-0.50.00.51.01.52.02.5

2012 2013 2014 2015 2016 2017 2018

The Caribbean (15 countries): Average GDP growth rate (percentage)

8

DecliningexportsThe World and selected groupings: merchandise exports, 2005-2015

(Average annual growth rates)

Source: United Nations Conference on Trade and Development (UNCTAD), UNCTADstat [online database] unctadstat.unctad.org.


Highdebtburden

Source: Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of official figures.a Anguilla, Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago.


0.010.020.030.040.050.060.070.080.090.0

2012 2013 2014 2015 2016 2017 2018

The Caribbean (15 countries): average total public debt for goods and service producers

(Per cent of GDP)

Goods Producers Service Producers

10

ExternalchallengesaffectingtheCaribbean


Reduction in global growth expectations

Weakening of multilateralism Declining ODA Declining FDI

Blacklisting: Caribbean

countries black and grey listed

by EU for failure to meet

OECD tax compliance standards

De-risking

11


DecliningoverseasdevelopmentassistanceThe Caribbean (13 countries): net official development assistance received, 1960–2016

(Percentages of gross national income)

Source: World Bank database.a Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname and Trinidad and Tobago

12

Fallingforeigndirectinvestments

Source: Economic Commission for Latin America and the Caribbean (ECLAC), on the basis of official figures

a Anguilla, Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, SaintVincent and the Grenadines, Suriname, Trinidad and Tobago.

The Caribbean (15 countries):a foreign direct investment inflows(Percentages of GDP)

0

2

4

6

8

10

12

2012 2013 2014 2015 2016Goods producers Service producers


De-risking

- Lossofcorrespondentbanking- Reducedremittanceflows- Increasedcostofmoneytransfers- Disruptionoftradeflows- Negativeeffectoneconomicperformance


Socialvulnerability:anewsocialcompactforCaribbeanSIDS


Addressing Poverty and inequality

Advancing women’s

empowerment and their

autonomy

Investing for quality in human capital• Resources • Delinquency

High levels of unemploymentand migration

of skilled persons

Low social protection

and ageing of the

population

Addressing NCDs and access to quality

education for persons with

disabilities

Social Challenges


PovertyandUnemployment

Source: United Nations Development Programme (UNDP), Caribbean Human Development Report: Multidimensional progress: Human resiliencebeyond income, New York, 2016 and World Bank, “World Development Indicators” [online database] databank.worldbank.org/data/databases.aspx.

The Caribbean population below national poverty line, unemployment rate and youth unemployment (Percentages)


Non-CommunicableDiseasesThe Caribbean (15 countries and territories): deaths due to non-communicable

diseases (NCDs) and population aged 60 and over, around 2010 (Percentages of all deaths)

ATG

ABW

BHS

BRB

BLZ

GRD

GLP

GUY

JAM MTQPRI

LCA

VCT

SUR

TTO

VIR

55

60

65

70

75

80

85

90

2 4 6 8 10 12 14 16 18 20 22

Dea

ths

due

to N

CD

s

Population aged 60 and over

Source: F. Jones, “Ageing in the Caribbean and the human rights of older persons: twin imperatives for action”, Studies and Perspectives series-ECLAC SubregionalHeadquarters for the Caribbean, No. 45 (LC/L.4130; LC/CAR/L.481), Santiago, Economic Commission for Latin America and the Caribbean (ECLAC), 2016.


Thewayforward:collectiveactions


Graspingopportunities

Improve access to finance;Address

challenges to de-

risking, Offshore services ,

concession financing

Regional Integration for value

chains development

Promote Sustainable investment in the blue economy

and creative industries

Strengthen the private

sector; build youth skills

and promote

women in SMEs

Create environment resiliencethrough

mitigation and

adaptation


PartnershipsforKeycross-cuttingissues

New partnership for InternationalCooperation

Address debt reduction through the ECLAC debt for climate adaptation

swap initiative

Public-Private Partnerships

South-South and Triangular

Cooperation

New Social Compact: renewed

collaboration between State-Private sector-

Civil society

Strengthen regional integration

Promoteinternational advocacy and

solidarity on SIDS issues


Thank you!


towards sustainable development in caribbean sids - cepal

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