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Private Sector Development

Building Up Business: Microenterprise Demand for Credit in the Caribbean

The present study investigates the role that formal and informal savings and credit mechanisms play in the financial lives of microentrepreneurs in the Caribbean, partly as an attempt to explain the relatively low outreach of microcredit in the region to ...

The New Imperative of Innovation Policy: Perspectives for Latin America and the Caribbean

The main purpose of this study is to present the conceptual basis that supports science, technology, and innovation (STI) policy in Latin America and the Caribbean (LAC). It starts by clarifying STI relationship, both conceptual and empirical, to economic...

Debt, Fiscal Adjustment and Economic Growth in Jamaica

The buildup of debt in Jamaica has been concurrent with the country’s slow economic growth, and the issues are intertwined. High debt slows economic growth, and slow economic growth makes the process of reducing the debt burden more difficult. Jamaica c...

The Impact of R&D and ICT Investment on Innovation and Productivity in Chilean Firms

Developing countries face the enormous challenge of closing the productivity gap with rich countries. According to previous studies, this is especially relevant for firms in the services sector, which, albeit its growing importance in the economy, still h...

Toward a Business Climate Reform Agenda in the Caribbean

This paper is meant to help national and regional policymakers navigate the complex topic of business climate reform in the Caribbean. It combines the findings of four relatively independent data collection efforts to uncover which aspects of the current ...

Innovation, Productivity, and Growth in Costa Rica: Challenges and Opportunities

This technical note presents a detailed review of Costa Rica’s recent innovation policy. It discusses how far Costa Rica is from having innovation ecosystems (human networks that generate extraordinary creativity and output on a sustainable basis), and ...

Productive Development Policies in Belize

The aim of this study is to conduct a critical appraisal of PDPs applied by the government of Belize (GoB), and in particular assess two sectors that account for a large share of economic activity and have acknowledged potential for further growth: touri...

Improving Competitiveness in the Caribbean Tourism Sector through ICT-based Innovations

The report explores global and regional trends and innovations that are transforming the tourism sector, with an emphasis on ICT-based innovations. Given the challenges of the Caribbean’s tourism industry, the report underlines the need for approaching ...

Clusters in the Caribbean: Understanding their Characteristics, Defining Policies for their Development

The aim of this report is to map Caribbean cluster cases and identify their specific characteristics, based on the existing literature and on the available empirical evidence. An empirical exercise is undertaken through a desk review of 32 cases of cluste...

Caribbean Diasporic Entrepreneurship

This study argues that tapping into the migration, diaspora and development nexus is critical to enhance economic diversification and deepen global competitiveness in the contemporary Caribbean economy. However, activating this potential requires signific...