Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

The Banker's Top 50 Caricom Banks ranking: hurricane aftermath hinders recovery

The devastation caused during the 2017 hurricane season has proved a lasting challenge for economies in the Caricom region, as The Banker's rankings show. Silvia Pavoni reports.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Caribbean economies are still reeling from the catastrophic hurricanes that hit the region in 2017. 

Reconstruction costs after similarly devastating events of the past surpassed the gross domestic product of some of the affected economies, according to the World Bank. Lost tourism revenues also weigh heavily on these countries: the World Travel and Tourism Council estimates them at $741m for 2017, a figure that would have supported 11,000 jobs in the sector, as reported by the Economist Intelligence Unit.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
Read more articles from this author