Knowledge Management Projects
Regulations for the Microfinance Sector in the Caribbean
Caribbean micro-entrepreneurs as well as small businesses find it difficult to access financing on favorable terms, which limits their ability to grow and develop, which in turn, has a negative impact on the private sector in the region. This project focuses on issues and activities to strengthen the micro-finance institutions (MFIs) in the region under the premise that sound, good performing institutions will be better able to serve their micro-business clients. It examines: (a) the case for strengthening regulation of micro-financing institutions in the region; (b) a comparison of â€œprudentialâ€ versus â€œnon-prudentialâ€ regulation; (c) the concept and implication of â€œself-regulationâ€ and supervision; (d) an analysis of the existing regulatory arrangements for MFIs in each Caribbean country, their effectiveness and how they impact financial services for MSMEs; (e) the sustainability challenges facing various types of MFIs in the region, especially credit unions.
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
Impact Investment in the Caribbean
Impact Investing is an emerging industry which entails investors actively placing capital in businesses and funds that generate social and/or environmental goods and at least return nominal principal to the investor. This project partnered with the IDB’s Multilateral Investment Fund (MIF) to examine the existing impact investment activities in Barbados, the Dominican Republic, Haiti, Jamaica and Trinidad and Tobago; the feasibility of increased activity in this area including the demand for and availability of such financing; and the role of government policy in creating an enabling environment for impact investment in the region.
Identifying Sustainable Agricultural Initiatives in the Caribbean
This project partners with the IDB’s Multilateral Investment Fund to study sustainable agriculture in Barbados, Belize, Guyana, Jamaica, Suriname, The Bahamas and Trinidad and& Tobago. It examines current developments in sustainable agriculture in this country, analyses specific challenges, and identifies opportunities, taking into consideration trade liberalization, food safety, quality and security, rising food prices, the expansion of niche markets, diversification, climate change and environmental sustainability.
Productive Development Policies in the Caribbean
This project analyses the impact of Productive Development Polices in The Bahamas, Belize, and Suriname using the â€œProductive Development Policiesâ€ framework developed by Ricardo Hausmann and a team at Harvard University. It complements similar analyses undertaken by the IDB on Barbados, Jamaica and Trinidad and Tobago that were completed in order to achieve a better understanding of PDPs in the region.
Economic Growth and Social Protection in the Commonwealth of Dominica
In 2011, the program sponsored the third update of Dominica’s Growth and Social Protection Strategy. The Strategy was presented to a meeting of public, private and donor stakeholders to assist in the allocation of resources for priority development work over the following 5 years.
Strengthening Investment Attraction in Antigua and Barbuda
This project is to rationalize and strengthen investment promotion in Antigua and Barbuda. The activities undertaken in the project will help to prioritize the niche economic sectors for development in Antigua and Barbuda where a comparative advantage may exist, and strengthen the institutional architecture for investment promotion in the country. With clear objectives, a sound marketing campaign, and enhanced human resource capacity to provide key services to investors, ABIA will be better positioned to meet its mandate, become an important partner for the private sector, and generate substantial investor interest in the country. It is therefore expected that these results will lead to greater and more consistent financial support from the government for the activities undertaken by ABIA, thus resulting in a more sustainable model for investment attraction. Notwithstanding, a sustainability plan will be developed under component II for ABIA. This plan is intended to inform government’s decision on budgetary allocations for ABIA over the medium term.
Measuring Competiveness for Private Sector Development in the Caribbean
This project gathers essential data on the competitiveness of Caribbean businesses. It paid for the inclusion of all 15 countries in the World Bank’s Enterprise Surveys (2011) which revealed some of the top challenges faced by firms in the region. The project is subsequently developing and applying innovation surveys to these firms in order to gather and analyse data from the firms on innovation, productivity and competitiveness.
Technological Innovation for the Competitiveness of the Tourism Sector
This study is to generate knowledge on global and regional trends and innovations that are transforming the tourism sector, with an emphasis on ICT-based innovations. The project identifies and analyzes innovative uses of ICT in the tourism sector. Prioritized topics are the following: i) in the field of tourism public management, creation of intelligent and interactive spaces for the visitors, flow monitoring systems (within and between destinations), cognitive systems (simulation models and prospective, analytical models sensitive to the seasonality), and modeling of destination competitiveness (development of competitiveness indicators of local destinations, visualization and analysis of networks for destination management); ii) in the field of business management, tools for reputation management and digital branding (semantic analysis of tourism contents), mobility services (monitoring visitor preferences on the move, tools for generating content and services tailored to the context of the visitor) and analysis of real-time data for decision-making.
Building Capacity in Cluster Development
In collaboration with the Caribbean Centre for Competitiveness (CCfC) this project piloted training on cluster development and cluster strategies to representatives of business support organizations (BSOs) that work with clusters (or may do so in the future), government representatives working on cluster policy, and university cluster practitioners. 40 people were trained.