Crime taking on toll on Caribbean economies
WASHINGTON, CMC – The Inter-American Development Bank (IDB) says several commissioned studies have revealed that crime and violence have had a dramatic impact on women, youth and the economic well-being of families in Latin America and the Caribbean. The new studies “underscore the more hidden dimensions of the cost of crime” on regional economies, by looking at issues such as women’s health and property values” said a statement issued by the organisation. The studies were the result of a call for proposals to academics and other experts to use innovative and appropriate methodologies to measure the cost of crime and violence in the region, the IDB said. Out of a total of 117 proposals received, eight were presented by their authors at a January 24–25 seminar at the IDB headquarters here.
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