Topic: Caribbean Development Bank

The latest Caribbean Development Bank report shows Cayman’s economy is the outperformer in a struggling region.

Caribbean Development Bank President Daniel Best says Cayman remains firmly on the bank’s radar for climate resilience and other development projects.

Caribbean Development Bank President Daniel Best said that Cayman, despite its high-income status, faces youth disengagement similar to many countries across the Caribbean.

Following a 10.3% increase in GDP in 2022, the Caribbean economy is expected to grow by 5.7% this year, according to estimates by the Caribbean Development Bank.

Government's strong financial position means the Cayman Islands does not need to apply for additional funding at this stage to deal with the economic fallout from COVID-19, the Finance Ministry said this week.

Gross domestic product grew by 1.8 percent in 2018, and is expected to grow another 2 percent this year, according to recently released statistics from the Caribbean Development Bank.

The trajectory of the Caribbean economy has been a “good news” story for a good while now. The latest thread in this positive narrative is the recent statistical report from the Caribbean Development Bank, estimating that the region’s gross domestic product grew by 0.6 percent last year, and forecasting 2 percent growth this year.

Gross domestic product in the Caribbean grew by 0.6 percent last year despite being impacted by some of the strongest hurricanes in the region’s history, and is projected to grow by 2 percent this year, according to recently released statistics from the Caribbean Development Bank.

Representatives from 15 Caribbean Community-affiliated jurisdictions and organizations such as the United Nations and the Caribbean Development Bank are in Cayman this week for CARICOM’s 42nd Meeting of the Standing Committee of Caribbean Statisticians.