Private Sector Assessment Reports
These reports explore private sector development in the Caribbean region. The reports are largely based on the analysis in the Private Sector Assessment Reports (PSARs) of 14 Caribbean countries. Reforms to stimulate sustainable growth led by the private sector are more important than ever. Although the details vary from country to country, structural reform is needed in most Caribbean countries. Economic diversification is essential for tourism dependent economies.
Cluster Best Practices for the Caribbean
The Caribbean is at a crossroads. The Economic Partnership Agreement (EPA) and the CARICOM Single Market Economy (CSME) herald a more liberalized trading environment with all of the potential benefits that come with the freer movement of goods, services, and labor. At the same time, the loss of preferential access to traditional export markets poses a significant risk to the region’s future prosperity. Moreover, food security, climate change, a global recession, and the latest natural disaster to befall Haiti all pose new and daunting challenges to the region. If the Caribbean is to overcome these challenges and realize greater prosperity for its citizens it must develop new areas of competitive advantage.
Renewable Energy: Best Practises in Promotion and Use for Latin America and the Caribbean (English)
This paper aims to present a snapshot of some of the best practices in the promotion and use of renewable energy, and provide practical examples of the development of renewable energy markets that countries in Latin America and the Caribbean can replicate. This brief study provides an overview of some of the most widely used renewable energy technologies. It also examines current and potential renewable energy markets in Latin America and the Caribbean, economic development benefits of expanding renewable energy markets, policy tools and mechanisms that have been used to build and promote renewable energy in the United States, and the role governments and the private sector can play. This paper was presented at the Fifth Americas Competiveness Forum for the Inter-American Development Bank and Compete Caribbean Santo Domingo, Dominican Republic, October 5-7, 2011.
Strengthening Public-Private Dialogue in Saint Lucia
This project was designed to
- develop a coordinated approach to enhancing competitiveness in Saint Lucia through the establishment of the National Competitiveness and Productivity Council (NCPC) and its Technical Unit; and
- implement key reforms to improve the business climate.
The project will develop a formal mechanism for consultation and consensus on national priorities and reforms needed to deepen private sector development and enhance the competitiveness of the country. This will positively influence the scope and impact of reforms as the government will be better able to implement targeted interventions that are gender inclusive and have wide stakeholder ownership and buy-in. The long term result is expected to be improved competitiveness and economic growth as a result of consensus-based business climate reforms.
Framework for Private Sector Development in Suriname
This project is to establish a framework to coordinate the implementation of business climate reform projects and upgrade the human resource capacity on issues related to private sector development in Suriname. The project will develop a roadmap of actions/activities needed to foster private sector development and enhance the competitiveness in the country, establish a coordinated mechanism to implement this roadmap and implement key business climate reforms. This comprehensive approach to addressing the weak position of the country in international measurement of global competitiveness will significantly facilitate a more diversified and competitive economy, supportive of investment and entrepreneurship.
Framework for Public Offerings in Trinidad and Tobago
This project is to establish a legal and institutional framework and corporate governance model to facilitate private investment in Trinidad and Tobago through a public offering program. The impact of the program would be improved governance of public enterprises and increased private sector investments in the economy. The implementation of the public offering program through the recommended legal and institutional framework designed under this TC will facilitate wider ownership and participation in sectors previously dominated by the state, demonstrate that the Government’s commitment to promote investments and private sector development is credible, and help create the fiscal space for poverty eradication and social programs as a result of the divestment of SOEs and improved SOE performance.
Support for Economic Growth, Competitiveness and Innovation in Trinidad and Tobago
This technical cooperation will provide support to the Government of Trinidad and Tobago
- to strengthen the Economic Development Board and the Council for Competitiveness and Innovation by supporting the Technical Secretariat, and
- to develop recommendations for key policy reforms to advance private sector development. This project will accelerate and strengthen the institutionalization of the EDB and the CCI, two bodies aimed at providing critical inputs and support to the current efforts to bring about a more innovative and diversified economy. As a result, both bodies will start receiving support from a technical secretariat (the Economic Development Center or EDC) sooner, and will have access to key world-class expertise while carrying out their mandates. This should all result in high quality and high impact products. The GOTT will also benefit by improving the implementation of the CEDAW mandate to promote women’s economic empowerment.
For the private sector, the project will have a positive impact on enhancing public policy in the areas of competitiveness and innovation, as well as in facilitating public-private dialogue through the strengthened EDB and CCI. All this should translate into a visibly enhanced business climate.
Strengthening the Financial Sector Regulatory and Supervisory Framework in Trinidad and Tobago
This project is to support the Government of Trinidad and Tobago’s efforts to reform its financial sector regulatory and supervisory framework. The technical cooperation will directly contribute to the strengthening and stabilization of TT’s financial system and reduce vulnerability to exogenous shocks by (i) assessing the current state of financial regulation and supervision; and (ii) supporting, recommending, and implementing regulatory and supervisory reforms, building on the recommendations of the IMF FSAP, international best practices, and the realities of TT’s financial sector. The impact of this TC will be increased investor confidence as a result of the improved financial sector regulatory and supervisory framework. This should lead to increased foreign direct investment (FDI) which will contribute to sustainable economic growth and competitiveness in Trinidad and Tobago.
Support to the Fifth Americas Competitiveness Forum
The project provided 8 studies to lead panel discussion sessions at the Americas Competitiveness Forum in 2011 in the Dominican Republic. The studies were:
- Renewable Energy: Best Practices in Promotion and Use for Latin America and the Caribbean
- Strategic Analysis of Competitiveness and Innovation in the Tourism and Telecommunications Industries
- Innovation in Services: The Hard Case for Latin America and the Caribbean
- Perspectives for Distributed Generation with Renewable Energy in Latin America and the Caribbean
- Logistics as a Driver for Competitiveness in Latin America and the Caribbean
- Logistics as a Competitiveness Factor for Small and Medium Enterprises in Latin America and the Caribbean
- Simplification of Procedures to Promote Competitiveness: One Stop Shop and Other Instruments that Improve the Business Climate in Countries
- Innovation and Entrepreneurship: A New Model of Development for Entrepreneurs
Manufacturing of electronics and telecommunications equipment in St. Lucia
The project aims to provide affordable and unrestricted communications consumer hardware, (cellular phones, tablet PCs, and laptops) to an extended base of low income customers, assembled by skills-enhanced female personnel in a Caribbean LDC environment and sold through non-traditional retail venues. The project will be 100% export oriented regionally integrating affordable communication products and services targeting the low-income consumer market. The project is locally managed, environmentally clean with a near zero carbon footprint, with lateral product expansion potential. The products address the cellular oligopoly by producing unlocked-devices, accepting any provider SIM chip mix, which are mobile-banking friendly.