Global governance in the decades before the financial crisis was characterised by a number of multilateral institutions and relations, in particular three key supra-national institutions, the IMF, the World Bank and the World Trade Organisation (WTO) were (and still are) in charge of the international monetary system, long-term development and trade respectively, while the G7 was the main forum for strategic impulse.
As you are aware, most of the Caribbean small states are considered middle and high income countries, according to the World Bank’s income classification, which is based on a GDP per capita criterion. While Caribbean small states have managed to attain relatively high income levels, their GDP growth performance has been worsening since 2009, registering the deepest contraction in output among all small states.