BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a5216882a4b4 DTSTART:20230207T130000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20230207T210000Z LOCATION:Bridgetown\, Barbados SUMMARY:Workshop and National Consultation on Promoting Sustained Recovery through Economic Diversification CLASS:PUBLIC DESCRIPTION:Global economy was negatively impacted by COVID-19 pandemic sho ck in 2020 then later by cascading crisis in 2022. Barbados is among the m ost affected economies.\n\nIn 2020\, its real GDP contracted 17.6% and onl y rebounded at 2.2% in 2021\, which is much lower than the global average. \n\nIn 2022\, thanks to the recovery of tourism\, the country’s economy continues to recover and\, according to the Central Bank of Barbados estim ates\, is likely to achieve double-digit growth. However\, considering the deep recession in 2020 and slow growth in 2021\, its real GDP will still be lower than the pre-pandemic 2019 level. In fact\, since Global Financia l Crisis in 2008-2009\, Barbadian economy suffered over decade long recess ion or weak growth. Its real output is yet to be recovered to the 2008 lev el.\n\nFor 2023 and beyond\, the external uncertainties and multiple struc tural challenges\, notably high debt-GDP ratio\, narrow economic structure \, challenging employment market\, insufficient regional trade linkages\, narrow exports markets\, and the fallouts of the climate crisis may restra in the country in achieving strong and sustained recovery from the persist ent impact of GFC and Covid shock. \n\nAs Bridgetown Covenant\, the Outco me Document of UNCTAD XV\, highlighted\, “transforming economies through diversification” is among the major transformations that are needed to move to a “more resilient\, digital and inclusive world of shared prospe rity”.  For Barbados and many other SIDS economies\, diversifying the e conomic structure and external economic cooperation might be an effective way to enhance resilience and ensure the sustained growth. \n\nUNCTAD has therefore initiated a project of “Promoting Economic Diversification an d Resilience in Barbados for a Sustained Recovery from Covid-19 Shock” s ince 2021.\n\nThe Project aims to assist Barbados\, through proposing poli cy strategy recommendations\, building institutional capacity\, and harnes sing the opportunities from regional and broader South-South Cooperation t o strengthen its economic diversification and resilience to achieve sustai ned recovery from the shock of cascading crisis. \n\nThe events will incl ude a 2-days capacity building workshop and 1-day national consultation wi th Barbados government agencies\, private sectors and academia.\n\nThe wor kshop will consist of 4 thematic sessions\, namely\n\n\nglobal macroeconom ic situation and implications on Barbados.\ndigital transformation in deve loping countries and lessons for SIDS.\nregional integration and industria lization strategy for Caribbean region.\nharnessing South-South trade and investment opportunities from the perspective of Barbados.\n\n\nFor each s ession\, panelists from UN agencies\, regional organizations\, research in stitutions\, and  government agencies will share views around the central theme of economic diversification in the context of Barbados’ economy.\ n\nThe national consultation will be based on bilateral meetings between U NCTAD project team and key economic policy making agencies.\n\nDuring the meeting\, UNCTAD team will present the preliminary economic analysis and p olicy recommendations under the Project and solicit feedback and comments from the government agencies. UNCTAD team will also undertake extensive co nsultations with academia and business leaders in Barbados on the policy s trategies. \n<\;p>\;Global economy was negatively impacted by COVID-1 9 pandemic shock in 2020 then later by cascading crisis in 2022. Barbados is among the most affected economies.<\;/p>\;\n\n<\;p>\;In 2020\, its real GDP contracted 17.6% and only rebounded at 2.2% in 2021\, which i s much lower than the global average.<\;/p>\;\n\n<\;p>\;In 2022\, thanks to the recovery of tourism\, the country’s economy continues to r ecover and\, according to the Central Bank of Barbados estimates\, is like ly to achieve double-digit growth. However\, considering the deep recessio n in 2020 and slow growth in 2021\, its real GDP will still be lower than the pre-pandemic 2019 level. In fact\, since Global Financial Crisis in 20 08-2009\, Barbadian economy suffered over decade long recession or weak gr owth. Its real output is yet to be recovered to the 2008 level.<\;/p>\ ;\n\n<\;p>\;For 2023 and beyond\, the external uncertainties and multi ple structural challenges\, notably high debt-GDP ratio\, narrow economic structure\, challenging employment market\, insufficient regional trade li nkages\, narrow exports markets\, and the fallouts of the climate crisis m ay restrain the country in achieving strong and sustained recovery from th e persistent impact of GFC and Covid shock.&\;nbsp\;<\;/p>\;\n\n< \;p>\;As Bridgetown Covenant\, the Outcome Document of UNCTAD XV\, highl ighted\, “transforming economies through diversification” is among the major transformations that are needed to move to a “more resilient\, di gital and inclusive world of shared prosperity”.&\;nbsp\; For Barbado s and many other SIDS economies\, diversifying the economic structure and external economic cooperation might be an effective way to enhance resilie nce and ensure the sustained growth.&\;nbsp\;<\;/p>\;\n\n<\;p>\ ;UNCTAD has therefore initiated a project of “Promoting Economic Diversi fication and Resilience in Barbados for a Sustained Recovery from Covid-19 Shock” since 2021.<\;/p>\;\n\n<\;p>\;The Project aims to assist Barbados\, through proposing policy strategy recommendations\, building i nstitutional capacity\, and harnessing the opportunities from regional and broader South-South Cooperation to strengthen its economic diversificatio n and resilience to achieve sustained recovery from the shock of cascading crisis.&\;nbsp\;<\;/p>\;\n\n<\;p>\;The events will include a 2 -days capacity building workshop and 1-day national consultation with Barb ados government agencies\, private sectors and academia.<\;/p>\;\n\n&l t\;p>\;The workshop will consist of 4 thematic sessions\, namely<\;/p& gt\;\n\n<\;ul>\;\n<\;li>\;global macroeconomic situation and impli cations on Barbados.<\;/li>\;\n<\;li>\;digital transformation in d eveloping countries and lessons for SIDS.<\;/li>\;\n<\;li>\;region al integration and industrialization strategy for Caribbean region.<\;/l i>\;\n<\;li>\;harnessing South-South trade and investment opportunit ies from the perspective of Barbados.<\;/li>\;\n<\;/ul>\;\n\n<\; p>\;For each session\, panelists from UN agencies\, regional organizatio ns\, research institutions\, and&\;nbsp\; government agencies will shar e views around the central theme of economic diversification in the contex t of Barbados’ economy.<\;/p>\;\n\n<\;p>\;The national consultat ion will be based on bilateral meetings between UNCTAD project team and ke y economic policy making agencies.<\;/p>\;\n\n<\;p>\;During the me eting\, UNCTAD team will present the preliminary economic analysis and pol icy recommendations under the Project and solicit feedback and comments fr om the government agencies. UNCTAD team will also undertake extensive cons ultations with academia and business leaders in Barbados on the policy str ategies.&\;nbsp\;<\;/p>\;\n\n\nView meeting on unctad.org\nhttps:// unctad.org/meeting/workshop-and-national-consultation-promoting-sustained- recovery-through-economic DTSTAMP:20260711T101016Z END:VEVENT BEGIN:VEVENT UID:6a5216882a4d8 DTSTART:20230208T130000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20230208T210000Z LOCATION:Bridgetown\, Barbados SUMMARY:Workshop and National Consultation on Promoting Sustained Recovery through Economic Diversification CLASS:PUBLIC DESCRIPTION:Global economy was negatively impacted by COVID-19 pandemic sho ck in 2020 then later by cascading crisis in 2022. Barbados is among the m ost affected economies.\n\nIn 2020\, its real GDP contracted 17.6% and onl y rebounded at 2.2% in 2021\, which is much lower than the global average. \n\nIn 2022\, thanks to the recovery of tourism\, the country’s economy continues to recover and\, according to the Central Bank of Barbados estim ates\, is likely to achieve double-digit growth. However\, considering the deep recession in 2020 and slow growth in 2021\, its real GDP will still be lower than the pre-pandemic 2019 level. In fact\, since Global Financia l Crisis in 2008-2009\, Barbadian economy suffered over decade long recess ion or weak growth. Its real output is yet to be recovered to the 2008 lev el.\n\nFor 2023 and beyond\, the external uncertainties and multiple struc tural challenges\, notably high debt-GDP ratio\, narrow economic structure \, challenging employment market\, insufficient regional trade linkages\, narrow exports markets\, and the fallouts of the climate crisis may restra in the country in achieving strong and sustained recovery from the persist ent impact of GFC and Covid shock. \n\nAs Bridgetown Covenant\, the Outco me Document of UNCTAD XV\, highlighted\, “transforming economies through diversification” is among the major transformations that are needed to move to a “more resilient\, digital and inclusive world of shared prospe rity”.  For Barbados and many other SIDS economies\, diversifying the e conomic structure and external economic cooperation might be an effective way to enhance resilience and ensure the sustained growth. \n\nUNCTAD has therefore initiated a project of “Promoting Economic Diversification an d Resilience in Barbados for a Sustained Recovery from Covid-19 Shock” s ince 2021.\n\nThe Project aims to assist Barbados\, through proposing poli cy strategy recommendations\, building institutional capacity\, and harnes sing the opportunities from regional and broader South-South Cooperation t o strengthen its economic diversification and resilience to achieve sustai ned recovery from the shock of cascading crisis. \n\nThe events will incl ude a 2-days capacity building workshop and 1-day national consultation wi th Barbados government agencies\, private sectors and academia.\n\nThe wor kshop will consist of 4 thematic sessions\, namely\n\n\nglobal macroeconom ic situation and implications on Barbados.\ndigital transformation in deve loping countries and lessons for SIDS.\nregional integration and industria lization strategy for Caribbean region.\nharnessing South-South trade and investment opportunities from the perspective of Barbados.\n\n\nFor each s ession\, panelists from UN agencies\, regional organizations\, research in stitutions\, and  government agencies will share views around the central theme of economic diversification in the context of Barbados’ economy.\ n\nThe national consultation will be based on bilateral meetings between U NCTAD project team and key economic policy making agencies.\n\nDuring the meeting\, UNCTAD team will present the preliminary economic analysis and p olicy recommendations under the Project and solicit feedback and comments from the government agencies. UNCTAD team will also undertake extensive co nsultations with academia and business leaders in Barbados on the policy s trategies. \n<\;p>\;Global economy was negatively impacted by COVID-1 9 pandemic shock in 2020 then later by cascading crisis in 2022. Barbados is among the most affected economies.<\;/p>\;\n\n<\;p>\;In 2020\, its real GDP contracted 17.6% and only rebounded at 2.2% in 2021\, which i s much lower than the global average.<\;/p>\;\n\n<\;p>\;In 2022\, thanks to the recovery of tourism\, the country’s economy continues to r ecover and\, according to the Central Bank of Barbados estimates\, is like ly to achieve double-digit growth. However\, considering the deep recessio n in 2020 and slow growth in 2021\, its real GDP will still be lower than the pre-pandemic 2019 level. In fact\, since Global Financial Crisis in 20 08-2009\, Barbadian economy suffered over decade long recession or weak gr owth. Its real output is yet to be recovered to the 2008 level.<\;/p>\ ;\n\n<\;p>\;For 2023 and beyond\, the external uncertainties and multi ple structural challenges\, notably high debt-GDP ratio\, narrow economic structure\, challenging employment market\, insufficient regional trade li nkages\, narrow exports markets\, and the fallouts of the climate crisis m ay restrain the country in achieving strong and sustained recovery from th e persistent impact of GFC and Covid shock.&\;nbsp\;<\;/p>\;\n\n< \;p>\;As Bridgetown Covenant\, the Outcome Document of UNCTAD XV\, highl ighted\, “transforming economies through diversification” is among the major transformations that are needed to move to a “more resilient\, di gital and inclusive world of shared prosperity”.&\;nbsp\; For Barbado s and many other SIDS economies\, diversifying the economic structure and external economic cooperation might be an effective way to enhance resilie nce and ensure the sustained growth.&\;nbsp\;<\;/p>\;\n\n<\;p>\ ;UNCTAD has therefore initiated a project of “Promoting Economic Diversi fication and Resilience in Barbados for a Sustained Recovery from Covid-19 Shock” since 2021.<\;/p>\;\n\n<\;p>\;The Project aims to assist Barbados\, through proposing policy strategy recommendations\, building i nstitutional capacity\, and harnessing the opportunities from regional and broader South-South Cooperation to strengthen its economic diversificatio n and resilience to achieve sustained recovery from the shock of cascading crisis.&\;nbsp\;<\;/p>\;\n\n<\;p>\;The events will include a 2 -days capacity building workshop and 1-day national consultation with Barb ados government agencies\, private sectors and academia.<\;/p>\;\n\n&l t\;p>\;The workshop will consist of 4 thematic sessions\, namely<\;/p& gt\;\n\n<\;ul>\;\n<\;li>\;global macroeconomic situation and impli cations on Barbados.<\;/li>\;\n<\;li>\;digital transformation in d eveloping countries and lessons for SIDS.<\;/li>\;\n<\;li>\;region al integration and industrialization strategy for Caribbean region.<\;/l i>\;\n<\;li>\;harnessing South-South trade and investment opportunit ies from the perspective of Barbados.<\;/li>\;\n<\;/ul>\;\n\n<\; p>\;For each session\, panelists from UN agencies\, regional organizatio ns\, research institutions\, and&\;nbsp\; government agencies will shar e views around the central theme of economic diversification in the contex t of Barbados’ economy.<\;/p>\;\n\n<\;p>\;The national consultat ion will be based on bilateral meetings between UNCTAD project team and ke y economic policy making agencies.<\;/p>\;\n\n<\;p>\;During the me eting\, UNCTAD team will present the preliminary economic analysis and pol icy recommendations under the Project and solicit feedback and comments fr om the government agencies. UNCTAD team will also undertake extensive cons ultations with academia and business leaders in Barbados on the policy str ategies.&\;nbsp\;<\;/p>\;\n\n\nView meeting on unctad.org\nhttps:// unctad.org/meeting/workshop-and-national-consultation-promoting-sustained- recovery-through-economic DTSTAMP:20260711T101016Z END:VEVENT END:VCALENDAR