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Post-Graduate Program in Economy
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Project Detail

Country

Regional

Project Number

TC9203390

Approval Date

November 11, 1992

Project Status

Closed

Project Type

Technical Cooperation

Sector

EDUCATION

Subsector

EDUCATION

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 1,900,000.00

Country Counterpart Financing

USD 450,000.00

Original Amount Approved

USD 1,450,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/SF-4106-RG Sovereign Guaranteed USD - United States Dollar Fund for Special Operations Nonreimbursable
Operation Number ATN/SF-4106-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Fund for Special Operations
  • Financial Instrument: Nonreimbursable
Courses
Published 2024
Economia do Comportamento para Melhores Políticas Públicas
Prazo de inscrição: 27 de Agosto, 2024Nos últimos anos, cada vez mais governos e formuladores de políticas têm percebido que, para serem verdadeiramente bem-sucedidas, as políticas públicas devem considerar a forma como os indivíduos se comportam e tomam decisões. Com essa premissa, este curso se propõe a ensinar os conceitos fundamentais da economia do comportamento e como estes diferem da visão do modelo econômico tradicional. O curso também introduz ferramentas que podem ajudar a promover a tomada de melhores decisões e apresenta casos reais de intervenções em que esses “empurrões” foram usados para aprimorar as políticas públicas em países da América Latina e de outras partes do mundo.
Blogs
Published 2023
Headwinds facing the post-pandemic recovery in the Caribbean
After two tumultuous years, 2023 remains characterized by headwinds facing countries across the world. Our previous publications have highlighted the unprecedented nature of the COVID-19 shock to economies across the Caribbean region, particularly given its extreme dependence on external demand for resources, tourism, and finance. Just as the pandemic’s effects began to dissipate in 2021,
Blogs
Published 2023
Riding the economic waves: Trinidad and Tobago’s navigation through the headwinds
While 2022 represented a year of recovery for the Caribbean, following drastic economic contractions for many economies in 2020, exogenous economic shocks derailed anticipated progress. High fuel prices spurred increases in transportation and electricity costs across the region, contributing to rising headline inflation. The most recent edition of the IDB’s Caribbean Economics Quarterly highlights the
Blogs
Published 2022
Digital Infrastructure’s Outsized Potential for the Caribbean
Our latest issue of the Caribbean Quarterly Economic Bulletin highlights new IDB research suggesting that many Latin American and Caribbean countries lag behind most advanced economies in digital and telecommunications infrastructure. Closing these gaps could yield dividends in productivity, employment, and growth—particularly for the six members of the IDB’s Caribbean Country Department (The Bahamas, Barbados,
Blogs
Published 2024
A Unique Opportunity at the IDB for Talented Research Assistants
The Research Department of the Inter-American Development Bank (IDB) is seeking motivated, organized, and experienced research assistants to help produce data analysis of local economies in Latin America and the Caribbean. Research assistants participate in groundbreaking research in areas ranging from education and the environment to banking, finance, and political economy. They typically advance to
Publications
Published 2021
One Region, One Commitment: Towards Sustainable Recovery in Latin America and the Caribbean
Em preparaçao para a próxima Confernecia da Biodiversidade da ONU (COP15) e a Conferencia sobre Mudança Climática da UNFCCC (COP26), o Grupo do BID organizou “Uma Regiao, Um Compromisso”, uma cúpula virtual para mostrar às regioes as múltiplas conquistas nas agendas de mudança climática e biodiversidade na América Latina América e Caribe. Ao longo de 3 dias foram realizadas 22 sessoes, nas quais os oradores discutiram as políticas climáticas avançadas que estao a ser promovidas por vários países, sublinharam que o papel do setor privado e da sociedade civil é indispensável e inadiável, destacaram a oportunidade única que agora temos para refletir sobre o tipo de recuperaçao que queremos para a regiao, e examinamos como harmonizar as metas de sustentabilidade com o crescimento economico em múltiplas frentes. Este documento fornece um breve resumo das principais liçoes da cúpula. Esperamos que também sirva como um guia para continuar aprendendo com o valioso conhecimento e experincia compartilhada durante este evento.
Publications
Published 2021
The Macro-Economic Effects of Hurricanes in The Bahamas: A Case Study Using Satellite Night Light Luminosity
This paper analyses the macroeconomic effects of Hurricanes Joaquin (2015), Matthew (2016), Irma (2017), and Dorian (2019) across different islands in The Bahamas. The methodology used, based on Zegarra et al. (2020), uses historical night light intensity data between 2015 and 2019 and monthly GDP. The analysis is complemented by a breakdown of the direct and indirect costs by island that compiles the information in the four Damages and Losses Assessments conducted by the Economic Commission on Latin America and the Caribbean and the Inter-American Development Bank. The results suggest, first, that the year-to-year nominal growth rate in The Bahamas decreased during the month and quarter of each hurricane event, but that there was no contraction of the countrys growth rate in the year of the event. However, all islands showed a significant contraction in GDP after the start of the COVID-19 outbreak, which overlapped with the effects of Hurricane Dorian. Second, large islands like New Providence and Grand Bahama experienced larger GDP contractions following the hurricanes, but no such clear pattern was obtained for the Family Islands. Third, macroeconomic recovery times to achieve pre-hurricane GDP levels took between 4-8 months on average for the four events studied. Fourth, the composition of sectors affected by the events did not seem to have a major effect on the severity of the economic shock. For all the hurricanes studied, tourism, transport infrastructure, and housing were recurrently the most affected sectors. Based on the findings of the analysis, recommendations include the following: (1) Make greater use of these methodologies to study the macroeconomic effects of natural disasters, supplemented by microeconomic, social, and sector-specific studies; (2) Conduct further analysis of island-specific economic drivers and post-hurricane economic effects; and (3) Promote climate change adaptation and disaster risk management to reinforce macroeconomic resilience in sectors that drive national GDP and to foster resilience in sectors and on islands.
Publications
Published 2021
Maneuvering Uncertainty: Scenario Planning in Belize
The IDB has been experimenting with the Scenario Planning methodology since 2019 in order to challenge and innovate its approach to strategic planning, as well as to enhance the agility with which it anticipates and adapts for the delivery of its mission. Belize was identified as a prime candidate that would benefit from testing and deployment of the Strategic Planning Exercise. This methodology will complement the preparation cycle work of the Country Strategy of the IDB with Belize for the period 2022-2026. It is also expected to challenge the traditional process by exploring uncertainty in the contextual environment, but more specifically, by considering those factors which may influence the IDBs work, but which are out of IDBs control. This paper presents two Scenarios for Belize's future towards 2030, as well as the process involved in developing these scenarios. The scenarios are dissected to identify their most salient themes and are followed by a discussion of potential implications, should the scenarios materialize. Also considered are steps the country may introduce presently in order to be better prepared for potential challenges and how the IDB, through the Country Office, may support building Belize's resilience for such scenarios.
Publications
Published 2021
Economic Valuation of the Ecosystem Services of the Mesoamerican Reef, and the Allocation and Distribution of these Values
Coral reefs are one of the most diverse and valuable ecosystems on Earth. The Mesoamerican Reef contains the largest barrier reef in the Western Hemisphere. However, its health is threatened, so there is a need for a management and sustainable conservation. Key to this is knowing the economic value of the ecosystem. “Mainstreaming the value of natural capital into policy decision-making is vital” The value of environmental and natural resources reflects what society is willing to pay for a good or service or to conserve natural resources. Conventional economic approaches tended to view value only in terms of the willingness to pay for raw materials and physical products generated for human production and consumption (e.g. fish, mining materials, pharmaceutical products, etc.). As recognition of the potential negative impacts of human activity on the environment became more widespread, economists began to understand that people might also be willing to pay for other reasons beyond the own current use of the service (e.g. to protect coral reefs from degradation or to know that coral reefs will remain intact in the future). As a result of this debate, Total Economic Value (TEV) became the most widely used and commonly accepted framework for classifying economic benefits of ecosystems and for trying to integrate them into decision-making. This report estimates the economic value of the following goods and services provided by the MAR's coral reefs: USE VALUES Tourism & Recreation, Fisheries, Shoreline protection NON-USE VALUES To our knowledge, the inclusion of non-use values in the economic valuation of the Mesoamerican Barrier Reef System is novel, which makes the study more comprehensive.
Publications
Published 2021
Caribbean Quarterly Bulletin: Volume 10: Issue 1, May 2021
Countries around the world have endured over a year of extreme uncertainty in the context of the COVID-19 crisis, and economies in the Caribbean have suffered more than most. But with the increasing availability of vaccines and prospects for a resumption of international travel, light is emerging at the end of the Pandemic tunnel. With this in mind, The Inter-American Development Bank Caribbean Department's most recent Quarterly Bulletin reviews the latest available information regarding the crisis' impacts on citizens, their economies, and key factors that will determine the speed and depth of recovery. As also discussed in previous editions, prospects for tourism-dependent economies will depend heavily on vaccine penetration and border normalization in source countries particularly the United States and Western Europe, while commodity-intensive economies could benefit from upward revisions to global demand growth estimates. All countries in the region can do much to support a rapid recovery through forward-looking policies aimed at ensuring they are well positioned to take advantage of post-Pandemic preferences with respect to travel and tourism, services trade, and investment. Our latest report considers these issues, what may lie ahead, and how counties can best position themselves for a recovery in 2021 and beyond.
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