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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CARIFESTA XIII Grand Market gets underway today

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The Lloyd Erskine Sandiford Centre  in Barbados was a buzz of activity on Friday in preparation for the opening of the CARIFESTA XIII Grand Market which will be held on Saturday, August 19, 2017, at noon. Vendors and exhibitors were busy preparing their booths, mounting their displays and making general arrangements. Minister of Culture, Barbados Hon. Stephen Lashley was there to oversee the activities.

Our Communications Officer at CARIFESTA spoke to the Minister who said that all activities in the CARIFESTA XIII schedule are still on despite the disruption cause by Tropical Storm Harvey.   He also encouraged persons to visit the Grand Market and Buyers Shopping Mall to witness various aspects of the Region’s culture on display.

Stay tuned to this space for the video interview with Minister Lashley who will provide more details on what to look forward to at CARIFESTA XIII, including the opening ceremony which will now be on on Sunday, August 20, 2017, starting at the Queen’s Park Oval and culminating at the Kensington Oval.

CARIFESTA a gateway to EPA – Minister Lashley

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Barbados is leveraging its $6 million investment in CARIFESTA XIII against the opportunities to break into the European Union’s (EU) cultural industries market.

Minister of Culture Stephen Lashley contends the region has been “slow” in taking advantage of the opportunities offered through the EU/Caribbean Economic Partnership Agreement (EPA) and Monday he told the media: “We are strategically trying to position our creatives to make that agreement a living document and, of course, working with our various partners in the EU and the Caribbean Development Bank (CDB) we want to ensure after CARIFESTA there is a strategic focus on gaining market share.”

Lashley said CARIFESTA was one of the first moves to translate the artistic talent of the Caribbean into revenue and to prepare its artistic developers for the bigger markets. To date $2.5 million of the $6 million budgeted for the Festival has been spent, he said.

Read more at: Nation News

Coconut industry benefits from CARDI project

Coconut heaven

Since the implementation of the Caribbean Coconut Industry Development Project two-and-a-half years ago, the Caribbean Agricultural Research and Development Institute (CARDI) has made several strides in improving the local coconut industry through training as well as the establishment of new nurseries among other targeted initiatives.

The four-year project was undertaken through a partnership between CARDI and the International Trade Centre (ITC), with funding provided by the European Union. It was aimed at improving income and employment opportunities, food security, and overall competitiveness of the Caribbean coconut sector.

Participating countries in the project include Jamaica, Belize, St Vincent and the Grenadines, St Lucia, and Suriname, among others in the region.

According to CARDI country representative for Jamaica Dr Gregory Robin, Jamaica has the most organised coconut industry board in the region and so a partnership was developed with the local Coconut Industry Board, which had established a national stakeholder platform that addresses all the issues along the value chain, from production to the manufacturing of coconut water, oils and soaps.

Read more at: Jamaica Observer