Focus on Improving business climate in Caribbean
“This initiative is directly aligned to the commitment to adopt a Community Investment Policy for CARICOM States, which, among other things, addresses the modernization of the role of public authorities, to improve investment facilitation procedures.” – Ms. Evelyn Wayne, Director of Economic Policy and Development, CARICOM Secretariat
Caribbean Export Development Agency (Caribbean Export), in partnership with the Commonwealth Secretariat and the Caribbean Association of Investment Promotion Agencies (CAIPA), has set its sight on improving the business climate in the Caribbean with a focus on strengthening the procedures to start a business in the Region.
The Agencies convened a two-day workshop at the Radisson Aquatica Hotel in Barbados from 9-10th April 2019, to discuss the region’s business climate.
“Our focus will be 3-fold,” notes Suzette Hudson, Snr. Advisor of Investment promotion at Caribbean Export.
“We want to assess the current procedures, cost and time to start a business in the Caribbean, guided by the World Bank’s Ease of Doing Business Report, review global best practices with a focus on Jamaica and finally, develop action plans or next steps for that will be implemented in the near-term.”
Jamaica ranks among the top 10 in the World Bank’s Ease of Doing Business Report for Starting a Business. “It is hoped that in the future we can continue to work with CAIPA to tackle other hurdles that are negatively affecting or may negatively affect the attraction of investment into the Caribbean.”
Read more at: Carib Export