Business Climate Reform Projects
Caribbean Growth Forum (CGF)
Strengthening Public-Private Dialogue in Saint Lucia
- 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
Framework for Public Offerings in Trinidad and Tobago
Support for Economic Growth, Competitiveness and Innovation in 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
Investment Promotion and Economic Development Framework in Jamaica
- Identifying at least three strategic sectors and developing action plans for each;
- Strengthening the dialogue with strategic investors by identifying and facilitating outreach to key investors and the implementation of the Jamaica Investment Forum as a platform for dialogue.
- Increasing the coordination mechanisms between the different agencies engaged in investment promotion.
- Increasing the awareness of Jamaica’s opportunities for investment through the implementation of the Jamaican Investment Forum.
Strengthening the Institutional Architecture for Investment Attraction in Belize
This project is to strengthen the institutional framework and the necessary capacities of BELTRAIDE to support investment attraction. The Project seeks to increase private sector growth, led by exports and investments, focused in the sectors where Belize has competitive advantages. With the strengthening of the institutional framework of BELTRAIDE, guided by international best practice, the organization will be more efficient and effective at attracting investment and targeting it to strategic productive sectors.
Policy and Institutional Framework for SME Development in the Bahamas
Facilitating Public-Private Dialogue on Microfinance in the Caribbean