Caribbean Tourism: The Private Sector Cannot Do It Alone
Caribbean economies that heavily depend on tourism require meaningful public stimulus. One key to recovery is to keep businesses solvent.
Caribbean economies that heavily depend on tourism require meaningful public stimulus. One key to recovery is to keep businesses solvent.
As tourism awaits the reopening of economies, it’s crucial to stay close to industry stakeholders, to understand how they are handling the pandemic and mitigating the impact on the business, employees and the community at large. One thing is clear: no one has the luxury to stand on the sidelines as a spectator.
Access to financing is a key factor for companies in Latin America and the Caribbean (LAC) in order to minimize the impact of COVID-19 and maximize their resilience against the derived macroeconomic shocks. Well-functioning capital markets allow firms to get through difficult times.
This is one of the few moments in history when no individual or institution can stand on the sidelines. Let’s use this collective motion to push ourselves to innovate.