Size and geography place the Caribbean among countries most vulnerable to extreme weather events, exacerbated by climate change. Lying along the Atlantic hurricane belt, the region is highly exposed to recurrent extreme weather events, rising sea levels, and ocean acidification. Weather-related damages and losses from disasters tend to be very high in proportion to GDP, as many of the territories, populations, and centers of economic activity are impacted.
This means sustainable economic growth and development in the region depends greatly on how our countries mitigate climate change impacts and strengthen climate change adaptation and resilience.
A well-designed and implemented financial framework with appropriate rules is essential in enabling countries to manage prudently in good times while concurrently planning for rainy days. In addition, developing a sustainable model can inform climate and disaster financing strategies to aid in the prioritisation of public resources.
#AskWBCaribbean: Sustainably Managing Public Resources in the Caribbean, for Climate Resilience will provide an overview of Caribbean and LAC economic features, and focus on the positive impact financial planning, with an emphasis on debt and budget balance rule, or combining a debt rule with an expenditure rule can have on smaller countries.
Zoom & Livestreamed to Twitter
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Welcome | TBC
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Opening Remarks | Robert Taliercio, Regional Director Equitable Growth, Finance, and Institutions for Latin America and Caribbean of the World Bank
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Presentation | Fernando Blanco, author of Fiscal Rules and Economic Size in Latin America and the Caribbean
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Panel Discussion | Moderator: Doerte Doemeland, Practice Manager for Macroeconomics, Trade & Investment for Latin America and the Caribbean
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Closing Remarks | TBC |