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Together for Prosperity is a macro-fiscal and social overview of how OECS member countries jointly faced challenges and achieved greater welfare over the past decade. By operating as a single currency union, countries achieved per capita GDP growth three times higher than the Latin American average (1980-2016). Growth was volatile and testament to the vulnerability of small island developing states to external shocks. Monetary policy was conducive to growth and maintained price and exchange rate stability. Despite the deterioration of public finances after 2009, which resulted from a combination of loose fiscal policy and the impact of natural disasters, the OECS countries would be on track to meet their public debt target of 60% of GDP by 2030 with additional fiscal consolidation efforts. In health, the OECS made remarkable progress in maternal and childcare and in education outcomes at the primary and secondary levels. Private sector performance was mixed despite having an investment-friendly environment. The six independent member countries of the Organisation of Eastern Caribbean States (OECS) are: Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines.

British voters surprised the world when they voted to leave the European Union in June 2016. Markets reacted heavily to the surprise, resulting in high volatility in all major stock indices as well as bond and foreign exchange markets. Many observers predicted a dire impact on the UK, EU and world economy. Anxiety also rose in the Caribbean. Around three months into the vote, markets have calmed down. Stock and bond indices are back to levels similar or higher than before the vote, although there are signs of an economic slowdown in the UK. In exploring the economic impact of the leave vote, we find that Brexit and the subsequent slow-down in economic growth will have only a marginal impact on the Caribbean's economic growth, tourism, remittances and exports, during 2016 and 2017. As usual, the Quarterly Bulletin also provides an overview of recent economic developments in the Caribbean.

The Caribbean Region Quarterly Bulletin discusses recent economic developments in the 6 IDB-member Caribbean countries, as well as the Organization of Eastern Caribbean States (OECS). The countries are: The Bahamas, Barbados, Guyana, Jamaica, Suriname and Trinidad and Tobago. In the Special Country Reports, we look at credit ratings in the Caribbean. In line with challenging economic developments, credit ratings have been under pressure in several Caribbean countries. Weak fiscal situations, structural current account deficits, and vulnerability to external shocks all have put pressure on the credit ratings.

The Caribbean Region Quarterly Bulletin discusses recent economic developments in the 6 IDB-member Caribbean countries, as well as the Organization of Eastern Caribbean States (OECS). Being the first Quarterly Bulletin in 2015, this issue departs from its usual format of recent developments and analytical reports on specific topics for each country. Instead, we take a step back and look at the major developments in the world economy and the Caribbean in 2014. In addition, we explore possible major developments in the world economy and how they might impact the Caribbean in 2015.

The Caribbean Region Quarterly Bulletin discusses recent economic developments in the 6 IDB-member Caribbean countries, as well as the Organization of Eastern Caribbean States (OECS). The countries are: The Bahamas, Barbados, Guyana, Jamaica, Suriname and Trinidad and Tobago. The regional supplement, entitled "Inflation in the Caribbean: a Dormant Volcano", discusses inflation risks in the Caribbean. Although inflation risks are expected to remain contained in the short and medium term, experience reminds us that Caribbean countries are highly vulnerable to fluctuations in commodity prices. In this vein, the regional report examines the determinants and risks associated with inflation in the CCB countries.