Intelligent CIO LATAM Issue 28 | Page 50

COUNTRY FOCUS : CARIBBEAN
Issues identified include :
Eastern Caribbean countries are acknowledged as continuing to lag significantly across most of the digital economy foundations .
across most of the digital economy foundations , as well as in comparison to peers at similar levels of socioeconomic development .
• Access to broadband is still challenging with service quality unreliable
• An ‘ urgent need ’ to modernize the legal , regulatory and institutional frameworks governing the region ’ s telecommunications sector
• Utilization and acceptance of digital payments is very low across the region , limiting financial inclusion .
• Regulatory bottlenecks and weaknesses in the region ’ s payment system infrastructure inhibit digital financial services innovation , affordability and uptake .
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