Main Story:
Island economies lack strategy plans for the future
KPMG, in conjunction with Island Analysis, a company specialising in island benchmarking, conducted almost 40 interviews with government officials.
Countries surveyed: Antigua & Barbuda, Barbados, Bermuda, BVI, Cayman Islands, Curacao, Guernsey, Isle of Man, Jamaica, Jersey, Malta, ST Lucia, Bahamas, Trinidad and Tobago and Turks & Caicos.
Key findings include:
Financing gap between infrastructure needs and budgets for the countries;
The current economic impact is quite severe and many projects have been deferred;
The state of infrastructure is average or below average;
There is a lack of a clear long term strategy and central management;
There is a lack of human resource capacity for delivery of projects;
Infrastructure execution is generally insufficient.