Business Climate Reform
- Proposals that identify, quantify or solve constraints to private sector development in the region. These may include technical work to support the drafting and implementation of policies and regulations, as well as institutional strengthening to increase efficacy.
- Initiatives that support Public-Private Dialogue, including the establishment and strengthening of formal national competitiveness councils and their technical units which promote equitable representation from government, private sector, civil society, trade unions and other relevant stakeholders.
Business Climate Reform Projects
- 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.
- 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.
Speak up via public-private dialogue facilitated by the Caribbean Growth Forum. Visit online at http://caribgrowth.competecaribbean.org/