Barbados leads the Region in protecting its citizens during the pandemic through unemployment payments, delivering benefits to 88% of unemployed workers, while The Bahamas captured about 26%.
That’s the information contained in the World Bank’s report, titled “Employment in Crisis” which asserts that only about one-third of the countries in Latin America and the Caribbean (LAC) offer a national unemployment income support plan.
The Bahamas and Barbados “offer unemployment insurance in the form of contributory risk-pooling plans.” (NG)
Extract from CARICOM BUSINESS Newsletter, Vol 4 No 24
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