The CARICOM countries

Like elsewhere, the Caribbean region faces numerous challenges in a world that is becoming more and more interconnected. The peak in international prices of food and energy in 2007 and 2008 has further weakened the fragile economies of many countries. In Jamaica, for example, the import bill for petroleum products of roughly US$2 billion in 2007 was similar to the value of exports, which stood at nearly US$1.8 billion the same year; in 2006, the import bill had represented just 66% of export earnings (Government of Jamaica, 2006).

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities