World Bank says Caribbean holding steady

The World Bank says the Caribbean and Latin America have been holding steady, despite tighter external condition.



The Washington-based financial institution said while international investors shift their focus back to advanced economies, particularly the United States, as a result of monetary policy normalisation, emerging economies face much tighter financial conditions.



However, it said that the impact of this reversal in capital flows is less significant for Latin America and the Caribbean thanks to its new reliance on more stable international flows.



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