CDB introduces Cultural and Creative Industries Innovation Fund to regional practitioners at CARIFESTA XIII

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August 22, 2017, BRIDGETOWN, Barbados – Building on the recent announcement of its provision of initial capitalisation for the Cultural and Creative Industries Innovation Fund (CIIF), the Caribbean Development Bank (CDB) recently introduced the CIIF to approximately 100 cultural practitioners, policymakers and academics from across the Caribbean. The occasion was the Cultural Policy and Intellectual Property Rights Workshop, held as part of CARIFESTA XIII in Barbados on Sunday August 20, 2017, sponsored by CDB.

Lisa Harding, Private Sector Development Specialist, CDB, noted that the CIIF was developed to support an enabling environment for the development of the cultural industries sector, and could make the cost of doing business more affordable for Regional cultural practitioners.

This Fund is born out of the fact that we recognise there’s a void in the financing ecosystem. There are gaps, especially in grant funding for creative industry entrepreneurs and stakeholders in general. We consulted with several stakeholders to come up with a model that we believe will help to support the sector. The areas which the Fund will cover are music, audio-visual, film, animation and gaming, fashion and design and festivals and carnivals,” said Harding.

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Spotlight on Youth in Agriculture – Anastasha Elliot

In our continuing series on Youth in Aariculture, we share the experiences of Anastasha Elliot of St. Kitts and Nevis. She is the winner of the Caribbean Category of the Youth Agripreneur Project hosted by the Global Forum for Agricultural Research (GFAR) and the Young Professionals for Agricultural Research and Development.
(YPARD)

CDB establishes Cultural and Creative Industries Innovation Fund

Daniel Best, Director of Projects, CDB. (Photo via CDB)
Daniel Best, Director of Projects, CDB. (Photo via CDB)

BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) has announced that it will provide the initial capitalisation for a multi-donor fund to improve the competitiveness of the cultural and creative industries sector in its borrowing member countries (BMCs).  The Bank is making an initial contribution of US$2.6 million to the establishment of the Cultural and Creative Industries Innovation Fund (CIIF) as a pilot intervention, and it will also administer the Fund.

The CIIF will support the development of the creative industries sector, and encourage innovation, job creation and improved enterprise sustainability by providing grants and technical assistance to governments, business support organisations and academia that support the creative industries sector. It will also provide funding to creative and cultural entrepreneurs and micro, small and medium enterprises (MSMEs) in CDB’s BMCs.

“Currently, there is no clearly identified regional financing regime for the creative industries in the Caribbean and, with each country specialising in different creative industries sub-sectors, prioritising and allocating support has been challenging. Our investment towards the establishment of the CIIF aims to address this challenge, and gives further momentum to an ongoing regional effort to harness the power and potential of the creative industries in the Caribbean,” said Daniel Best, Director of Projects, CDB.

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People will know CARICOM is working when they see, taste, feel – The Bahamas Prime Minister

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New Prime Minister of The Bahamas delivering his inaugural address to the Conference
New Prime Minister of The Bahamas delivering his inaugural address to the Conference
“CARICOM is a community of the people we serve, not a club of officials and politicians. We need to cast our nets far and wide to engage the combined spirit and the collective brain-trust of the Region. We must blend various languages and accents in order to speak to the world with one voice about the aspirations of our people and the mission of CARICOM.” Dr. Hubert Minnis
Dr. The Hon. Hubert Minnis, Prime Minister of The Bahamas, has signalled his readiness to help deliver the mandates of CARICOM to provide better, healthier and more prosperous lives for the people of the Community.

In doing so, the newest Member of the Conference of Heads of Government also expressed confidence in organs and institutions of the Caribbean Community to deliver benefits of integration.

His inaugural address to the Community, at the opening of the 38th CARICOM Summit, in Grand Anse, Grenada, Tuesday evening, was punctuated with an urgent call for unity. (more…)

Happy CARICOM Day!

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The Caribbean Community (CARICOM) comprises 15 Member States and five Associate Members.

At the Eighth Heads of Government Conference of the Caribbean Free Trade Association (CARIFTA) held in April 1973 in Georgetown, Guyana, the decision to establish the Caribbean Community was brought to fruition. The process through which it was established is set out in the Georgetown Accord issued by that Conference. The Accord which was agreed to in April 1973 contained the draft treaty which we now know as the Treaty of Chaguaramas.

The original signatories to the Treaty on 4 July, 1973, were Prime Ministers Hon. Errol Barrow for Barbados; Hon. Forbes Burnham for Guyana; Hon. Michael Manley for Jamaica; and Hon. Eric Williams for Trinidad and Tobago. By 1 May 1974, all other members of CARIFTA had signed the Agreement to become full members of CARICOM, except Antigua and Barbuda and St. Kitts and Nevis. They both signed the Agreement in July 1974. (more…)