Caribbean countries averaged growth of 10.3 per cent last year, compared to 4.5 per cent in 2021, the Caribbean Development Bank reported on Wednesday.

Its forecast for this year is growth of 5.7 per cent.

CDB Vice-President of Operations Isaac Solomon said at the bank’s annual news conference that regional growth was largely underpinned by increased energy production in Guyana and Trinidad & Tobago and higher international oil prices, fuelling much of the 20.6 per cent economic growth in commodity-exporting member countries of the CDB.