International Monetary Fund. External Relations Dept.
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The economic performance of the Caribbean region has weakened in recent years, amid a series of natural disasters and an increasingly competitive global economic environment. What can be done to spur higher growth was the topic of “Developmental Challenges Facing the Caribbean”—a seminar held in Trinidad on June 11–12. The event, part of celebrations marking the 40th anniversary of the Central Bank of Trinidad and Tobago, underscored the urgency of encouraging more flexible labor markets and lowering debt ratios as these economies seek to become more adaptive to the demands of a fast-changing global economy.