Events
March 30, 2017 The Biltmore Hotel, Alhambra Room

While, for much of Latin America, the new millennium heralded a period of high growth, the same was not true for the small island developing states of the Caribbean. Fast forward to 2017 and many small economies in the Caribbean, such as the Dominican Repu... blic, Costa Rica and Panama, are now growing faster than the region's giants. As part of The Americas Conference® Series, organized by the Miami Herald, we will bring together distinguished senior policy-makers, renowned economists, and businessmen to identify common opportunities and debate shared solutions for sustained growth across the region. Follow the discussion on #CaribbeanGrowth   See More

9:00: Welcome by Rick Hirsch, Miami Herald Managing Editor

9:05: Opening Remarks by Tahseen Sayed, World Bank Country Director for the Caribbean

9:10: Keynote Speech by Michael Lee-Chin,  Chair of the Government of Jamaica Economic Growth Council

Session 1: Diagnostic of the Caribbean: Chronic Challenges, New Strategies to Revive Growth

9:30: Presentation of the report “Open and Nimble: Finding Stable growth in Small Economies” by Daniel Lederman, World Bank Deputy Chief Economist

9:50-10:50: High level panel discussion with questions from audience and online

Panelists

  • Prime Minister Keith Mitchell, Government of Grenada (invited)
  • Prime Minister Chastanet, Government of St Lucia 
  • Brian Wynter, Governor of the Central Bank of Jamaica
  • Alberto Trejos, former Minister of foreign trade, Costa Rica
  • Co- Moderators: Maureen Whitefield and Nora Gamez-Torres

Coffee Break

Session 2: Eastern Caribbean: Healing Financial Woes

11:10: Presentation of the report “Taming volatility: Fiscal policy and financial development for growth in the Eastern Caribbean” by Francisco Carneiro, World Bank Lead Economist

11:30-12:30: Panel discussion with questions from audience and online

Panelists

  • Timothy Antoine, ECCB Governor
  • Trevor Alleyne, IMF Division Chief
  • Colin Murdoch, OECS Commissioner
  • Bruce Bowen, Formerly Sr. VP of Scotiabank for the Caribbean
  • Moderator: Jacqueline Charles, Miami Herald

 

Session 1: Diagnostic of the Caribbean: Chronic Challenges, New Strategies to Revive Growth

Small economies around the world are undoubtedly diverse. Yet their small economic size brings shared challenges and opportunities for long-term development. Latin America and the Caribbean currently includes fast growing small economies such as Nicaragua, the Dominican Republic and Panama, alongside slow-growing economies such as Suriname, Trinidad & Tobago, and economies such as the OECS with growth rates somewhere in between. This session will take a long-term view on what are the key priorities and challenges shared by small economies such as integration with the global economy, high debt and volatility. The discussion will also focus on strategies to help boost long-term growth recognizing that small economies can be more nimble and are able to reorient their economies over time. 

Session 2: Eastern Caribbean: Healing Financial Woes

Why is growth in the Eastern Caribbean so volatile? Heavily dependent on tourism and specific commodities, the small island states of the Eastern Caribbean are economically vulnerable to swings in trade, interest rates and foreign direct investment. Since 2013, real GDP growth in the OECS recovered to an average of 2.6 percent through 2016, following a contraction of 2 percent in the preceding 4 years through 2012. This represents an opportunity for the region to strengthen its ability to manage the impacts of unexpected shocks. This session will take stock of efforts to strengthen fiscal and financial policies and financial development and look at challenges and opportunities for the region.

  • Dr. Keith Mitchell (invited)

    Prime Minister, Government of Grenada
    Dr. the Right Honourable Keith Mitchell was first sworn in as Prime Minister of Grenada in 1995, won a historic three consecutive terms in office. He was sworn in as Prime Minister for a fourth time following his party's electoral victory in 2013. Prior to his political career, Dr Mitchell taught at the Presentation Brothers College, was a Mathematics Professor at Howard University before started his own consulting firm in Washington, D.C., working as a professional consultant to a number of Government departments and private corporations in the United States.
  • PM Allen Chastanet

    Prime Minister, Government of St Lucia
    The Honourable Prime Minister Allen M. Chastanet was sworn in as Prime Minister of Saint Lucia on 7 June 2016. A Saint Lucian businessman, Prime Minister Chastanet served as Saint Lucia's Minister for Tourism and Civil Aviation and a member of the Saint Lucian Senate from 2006 to 2011. He holds a Bachelor of Arts Degree in Economics with a minor in Political Science as well as a Master’s Degree in Development Banking.
  • Brian Wynter

    Governor of the Central Bank of Jamaica
    Mr Wynter was appointed Governor of the Bank of Jamaica in 2009. Mr. Wynter has had an illustrious international career in Law and Finance, including positions at Chase Investment Bank, the National Investment Bank of Jamaica, Citibank as well as being appointed as the first Executive Director of the then newly-established Financial Services Commission in Jamaica.
  • Alberto Trejos

    Former Minister of Trade, Costa Rica
    Mr Trejos served as Minister of Foreign Trade in Costa Rica from 2002 to 2004, during which he led the negotaiation of the CAFTA-DR agreement. He is currently serving as Dean at the INCAE Business School, where he has been a professor since 1997.
  • Trevor Alleyne

    Division Chief, Caribbean I, International Monetary Fund
    A professional economist with over 25 years of experience, Mr Alleyne joined the IMF in 1992 from the US Congressional Budget Office. Since 2013, he has served as Division Chief of the Caribbean I Division overseeing the OECS countries.
  • Colin Murdoch

    OECS Commissioner
    mbassador Colin Murdoch is a senior advisor to the Prime Minister of Antigua and Barbuda and he represents Antigua and Barbuda on the Organization of Eastern Caribbean States (OECS) Commission. He is also the Permanent Representative of Antigua and Barbuda to the World Trade Organization (WTO). In that capacity he has been a member of the negotiating team from Antigua and Barbuda now seeking a settlement with the US after successfully bringing a case against the US on internet gaming.
  • Timothy Antoine

    Governor, Eastern Caribbean Central Bank
    A national of Grenada, Mr. Antoine is is a highly experienced economist and development practitioner. Prior to assuming his role as the third governor of the ECCB, he worked for 22 years in the Ministry of Finance for the Government of Grenada.
  • Bruce Bowen

    Founder & CEO, BCD Capital Partners
    Over a 25 year career with Scotiabank, Mr Bowen led operations across 20 countries in the Caribbean. During the period 2012/13 he played a leading role in Jamaica’s successful National Debt Exchange (NDX), a precondition to Jamaica’s Extended Fund Facility with the International Monetary Fund.
  • The Miami Herald

    Americas Conference Series: The Americas Conference® Series, organized by The Miami Herald, is the region’s largest and most acclaimed annual forum of international executives and top government leaders, who gather to discuss a wide spectrum of relevant business and political issues of crucial importance for Latin America and the Caribbean.


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