About Us

At Compete Caribbean, we are committed to driving economic  growth, increasing productivity, and fostering innovation across the Caribbean region. Our initiatives are designed to position the Caribbean as a globally competitive market while promoting inclusive development and sustainability.

Management Team

Compete Caribbean+

Introduction and Background

Compete Caribbean is a multi-donor trust fund focused on contributing to a more dynamic, inclusive, sustainable and resilient private sector in the Caribbean. The program is jointly funded by the Inter-American Development Bank (IDB), the United Kingdom’s Foreign and Commonwealth Development Office (FCDO), the Caribbean Development Bank (CDB), and the Government of Canada (GAC). It is executed by the IDB through a Facility Coordination Unit (FCU) based in the IDB’s Barbados Country Office. There are 13 Caribbean countries that are eligible for to participate in Compete Caribbean’s programming: The Bahamas, Barbados, Belize, Guyana, Jamaica, Trinidad and Tobago, Suriname, Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, Saint Lucia, and Saint Vincent & the Grenadines.

Since 2010, Compete Caribbean has provided technical assistance to advance productive development policies, support institutional strengthening, and stimulate competitiveness, growth and innovation of small and medium sized enterprises (SMEs) in its 13 beneficiary countries. A cornerstone of this work is delivering technical assistance to public sector institutions and regulatory agencies, recognizing the critical leadership role of the public sector in creating an enabling environment for business productivity, implementing essential safeguards, and ensuring the sustainability of related interventions.The current iteration of the program, Compete Caribbean: Partnering for a Competitive, Equitable and Climate-Smart Caribbean Region (CC+), will be implemented over the period 2024-2029. As the third phase of Compete Caribbean, it builds on the success of the Compete Caribbean Program (2010-2017) and of the Compete Caribbean Partnership Facility (2017-2023) while placing emphasis on strengthening climate action, and gender equality and inclusion in the Caribbean private sector.

Climate change poses a profound threat to the Caribbean, jeopardizing its economic stability, social well-being, and environmental sustainability. The region is increasingly experiencing the devastating impacts of more frequent and intense hurricanes, extreme heat waves, prolonged droughts, and unpredictable rainfall patterns. These climate disruptions directly affect key sectors such as agriculture, tourism, and infrastructure, thereby undermining community resilience and livelihoods.

The Caribbean’s heavy dependence on natural resources and climate-sensitive industries amplifies its vulnerability. Ocean acidification, coral bleaching, and sea level rise are already degrading vital ecosystems—including coral reefs, mangroves, and coastal wetlands—that serve as natural buffers against storms and provide critical economic and social benefits through fisheries and tourism. Their rapid deterioration threatens both environmental stability and sustainable economic development.

Since the early 2000s, the region has seen a marked increase in the frequency and intensity of tropical storms and hurricanes, with estimated annual economic losses from these events reaching approximately US$835 million. The impacts of climate change are further compounded by heightened heat stress, extreme rainfall and flash flooding, extended periods of drought, and changes in ocean temperature and salinity. These dynamics pose significant risks to economic activity and disproportionately affect the region’s most vulnerable populations.

Moreover, interrelated challenges—such as rising energy costs, food insecurity, and the need for innovative policy frameworks and robust Monitoring, Reporting and Verification (MRV) systems—demand comprehensive, multi-faceted solutions. Coordinated action among governments, the private sector, civil society, and development partners is essential to advance inclusive and sustainable development. These efforts must prioritize institutional capacity building, innovation, and targeted investments in climate-smart, gender-responsive approaches to build long-term resilience.

The cascading effects of climate change continue to erode food security, diminish biodiversity, and exacerbate the vulnerabilities of coastal communities, many of which face poverty and limited access to resources. Tackling these challenges requires integrated, climate-resilient strategies that balance ecosystem preservation with economic diversification and sustainable development. Strengthening policy coherence with global commitments—such as Nationally Determined Contributions (NDCs)—and fostering strategic public-private partnerships are crucial to implementing transformative solutions that enhance adaptive capacity and promote regional resilience

OVERVIEW OF CC+

The primary aim of CC+ is to mainstream climate action in the Caribbean private sector, while increasing Caribbean businesses’ contribution to economic growth in ways that expand employment and inclusion opportunities for vulnerable groups. This will be achieved via the following three objectives: (i) improving competitiveness, climate action, and inclusiveness of the Caribbean private sector; (ii) enhancing government capabilities to support climate-smart and gender­ responsive businesses; and (iii) reinforcing research institutions and surrounding ecosystems to produce knowledge that supports climate-smart and gender­ responsive public and private sectors. Through CC+, Caribbean businesses, governments, and research ecosystems will be supported across three strategic pillars as follows:

Pillar 1: Promoting Competitiveness, Climate Action and Inclusiveness of Caribbean Businesses and Economic Sectors

  • This pillar seeks to enhance private-sector productivity, innovation, and capacity for climate action through the design and implementation of cluster and value chain projects, support for business support organizations (BSOs) and public entrepreneurship innovation ecosystems, and technology adoption services. The focus is on high-growth sectors and those that employ vulnerable populations, with emphasis on gender inclusion, digital and climate technologies.

Pillar 2: Strengthening Government and Regulatory Capabilities to Support Climate-Smart and Gender-Responsive Businesses

  • Through this pillar, Compete Caribbean will strengthen public governance and institutional capacity to foster climate-smart, gender-responsive business practices. Support will be provided to develop legal and policy frameworks that promote competitiveness, enhance climate resilience, and facilitate Caribbean businesses’ participation in carbon markets, public procurement for green innovation, and more inclusive food systems and biodiversity-driven economic sectors.

Pillar 3: Promoting Scientific R&D for Climate Innovation in the Public and Private sectors

  • This pillar aims to advance climate innovation by supporting joint research between scientific institutions and the public and private sector. By strengthening technology transfer and knowledge-creation, this pillar will foster science-driven climate governance across the region.

TECHNICAL ASSISTANCE DELIVERY

In the delivery of Technical Assistance, Compete Caribbean identifies projects through various Calls for Proposals, as follows:

  • Pillar l – Competitive Regional Calls for proposals.
  • Pillar 2 – Collaborating with government focal points to select projects received in response to Country-specific Calls for proposals.
  • Pillar 3 – Regional Calls and dialogue with research institutions and partners.

This multi-tiered approach affords a wide net to select project ideas that address national and regional self-determined needs and priorities while maximizing the impact of the program. This ensures that projects are demands-driven yet aligned to the program objectives and results matrix.

Program Advisory Group

The Compete Caribbean + Programme Advisory Group (PAG) serves as the strategic backbone of the initiative, providing expert oversight and guidance to ensure the program’s alignment with its mission to enhance private sector development across the Caribbean. Comprising representatives from Compete’s donor agencies, the PAG reviews and approves key projects, ensuring they meet goals for innovation, competitiveness, and inclusivity. This collaborative approach fosters accountability and ensures that the programme delivers measurable impacts, driving economic growth and resilience across the region.