The World Bank is of the view that while the recent growth acceleration in the region is good news, it is time for Regional governments to put counter-cyclical measures in place (saving more when times are good, using savings as a buffer when times are bad).
The World Bank is also encouraging deeper regional integration to benefit from cost sharing and risk pooling, as well as promoting a stronger financial sector by improving banking supervisions and exploring future consolidation.
Link: http://www.worldbank.org/en/news/feature/2017/03/29/learning-to-lean-against-wind-eastern-caribbean
Link: http://www.worldbank.org/en/news/infographic/2017/03/29/taming-volatility-eastern-caribbean
