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.


CDB-funded workshop promotes better results in Regional Development

Participants during the MfDR workshop in Jamaica, hosted and funded by CDB. (photo via CDB)
Participants during the MfDR workshop in Jamaica, hosted and funded by CDB. (Photo via CDB)

Achieving measurable results with transparency and accountability in development projects was the focus of discussions when the Caribbean Development Bank (CDB) hosted a workshop for 17 business development officials from around the Region. The Sub-Regional Workshop on Managing for Development Results (MfDR) ended on May 6 in Jamaica.

The attendees, who work at Cooperating Institutions of the Bank’s Caribbean Technological Consultancy Services (CTCS) Network, represented The Bahamas; Belize; Cayman Islands; Haiti; Jamaica; and the Turks and Caicos Islands.

In order to meet the Bank’s requirements for measuring, monitoring and reporting on results, they learned how to better integrate MfDR in their work. MfDR is the management strategy used by development agencies around the world, which aims to improve transparency, accountability and effectiveness of results in global aid. (more…)