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A Sustainable Opportunity for Paraguay

Paraguay has a unique opportunity to position itself in the global market and seek its first thematic bond. With the upcoming UN Climate Change Conference, COP28, just around the corner, the time has come to make this a reality.*

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Leveraging the Private Sector to Unlock the Caribbean’s Most Precious Resource

The Caribbean’s reliance on oceans, often the biggest avenue of transportation and the main source of local employment, presents a clear economic opportunity, particularly for the private sector.

Three keys for supporting Caribbean tourism after natural disasters
Three keys for supporting Caribbean tourism after natural disasters

For the tourism sector, the second most important source of employment in the region, there will be a period of inactivity estimated to last between three to four months. This could reduce the sector’s revenue by as much as 50%, according to the World Travel and Tourism Council.

Four reasons why the Caribbean private sector must invest in renewables
Four reasons why the Caribbean private sector must invest in renewables

In the Caribbean, the year-round sunshine and extremely favorable insolation levels have not been enough to spur significant investments in renewable energy. Now, a year after the signature of the Paris Agreement, investments in solar energy seem more appealing than ever before, mainly due to four reasons:

Three ways to strengthen financing for private companies in the Caribbean
Three ways to strengthen financing for private companies in the Caribbean

Growing up in The Bahamas, I remember my grandmother’s asue. There weren’t any banks where she lived on the island of Inagua, and even if there had been, it wasn’t customary for women to frequent them. To adapt, women (and sometimes men) formed their own informal savings groups, known as asues. As her group’s custodian, my grandmother collected a weekly contribution from participants who would then withdraw money on special occasions to cover school fees or larger purchases.

Three ways multilaterals support local banks and drive innovation in the Caribbean
Three ways multilaterals support local banks and drive innovation in the Caribbean

Local banks are a core component of the market architecture in Latin America and the Caribbean with the potential to catalyze innovation and growth. As I return from the Americas Competitiveness Forum in Trinidad & Tobago, my third visit to the country this year, I am reminded how dynamic and innovative its business environment is and how multilaterals can better engage Caribbean business. Here are three ways we support local banks and drive innovation.