IDB - Inter-American Development Bank

Published purpose

Caribbean leaders have regularly underscored the importance of private sector growth and diversification to meet the region's aspirations for job creation and global competitiveness. Compete Caribbean+ responds to this priority with a program focussed on enhancing gender-responsive and climate-resilient growth by improving the business enabling environment and supporting firms’ to innovate. The initiative builds on data and best practices from its experience over 2 phases since 2010, with a shift towards opportunities in the green and blue economy. Project activities include: (1) improving competitiveness, climate action, and inclusiveness of Caribbean private sector; (2) enhancing government capabilities to support climate-smart and gender-responsive businesses; and (3) promoting research and development for climate innovation in the public and private sectors. The project targets all Caribbean Community (CARICOM) member countries, while Canada focuses on funding the official development assistance (ODA) - eligible countries of CARICOM: Belize, Dominica, Grenada, Guyana, Jamaica, Saint Lucia, Suriname, and Saint Vincent and the Grenadines.