The DAIC, at the invitation of the Government of St. Lucia, attended the “Third Regional Caribbean Growth Forum”, Pigeon Island, St. Lucia, June 16-17, 2015.
Dominica had representation from the Dominica Manufacturers Association and the Dominica Association of Industry and Commerce. Other local private sector representation invitations were included however not all were able to participate. The Permanent Secretary in the Ministry for Planning, Economic Development and Investment, Mrs. Gloria Joseph was in attendance as well as representatives from the Reform Unit and the Ministry of Finance.
The high level forum included regional representation of a wide base from Puerto Rico, The Bahamas, Jamaica, Dominican Republic, Antigua & Barbuda, Dominica, Grenada, St. Vincent & The Grenadines, Barbados, St. Lucia, Trinidad & Tobago, all the way to Belize and Suriname to name a handful. Ministers attended from across the region, alongside their Economic Advisors. A critical element in this forum was the presence of Civil Society, Academia, the youth and Private Sector representation, all of whom were given the task of formulating the original input in each of their countries at the onset of the Forum in 2012 and monitoring the implementation of the development of the policy reforms in each of their respective islands.
The Caribbean Growth Forum (CGF) is a facilitated methodology for public-private dialogue around issues central to private sector development and growth. It brings a non-traditional approach to the greatest challenge currently faced by the region – creating sustainable and inclusive growth. The Forum also aims to facilitate an action oriented dialogue around key policy reforms needed across three thematic areas: Investment Climate, Skills and Productivity and Logistics and Connectivity.
The Caribbean Growth Forum (CGF) is a joint initiative by the Compete Caribbean Program, the Inter-American Development Bank, the World Bank, and the Caribbean Development Bank. It is supported by the Canadian International Development Agency, the United Kingdom’s Department for International Development, CARICOM Secretariat, and the University of the West Indies.
Many Caribbean territories have a very good starting point with draft or completed national growth strategies. Therefore, the aim is to identify the priorities within the three pillars of the CGF that can contribute to these national strategies. In this respect, the CGF’s methodology has been designed to result in a consensual, concrete action plan with specific responsibilities and timelines, and it has built in transparency and accountability mechanisms to make sure that, over time, results are delivered. The CGF is part of the donor agencies’ commitment to support the Caribbean and develop and implement inclusive growth policies that generate jobs and opportunities for all. Ahead of the playing field in implementation of strategies to work towards reform and policy implementation are the Dominican Republic and Grenada. Affects of the agenda are already being realized in both countries.
Source-DominicaVibes
Related Posts
Dominica to implement measures to cushion impact of Middle East war on local economy
Prime Minister Roosevelt Skerrit shared that we are exposed to the economic…
