Saint Lu­cia Hosts the Third Re­gional Caribbean Growth Fo­rum

The Star (St. Lucia) - - LOCAL -

Next week, Caribbean heads of state and over 200 gov­ern­ment of­fi­cials, pri­vate sec­tor rep­re­sen­ta­tives, civil so­ci­ety and devel­op­ment part­ners will be gath­er­ing in Saint Lu­cia to dis­cuss a new agenda for sus­tain­able growth in the Caribbean.

“This fo­rum presents an op­por­tu­nity to un­der­take what we have been en­trusted to do. As long as this re­spon­si­bil­ity is left un­ful­filled, such ini­tia­tive will come ever knock­ing at our door with greater sense of ur­gency,” said the Hon­or­able Dr. Kenny D. An­thony, Prime Min­is­ter of Saint Lu­cia.

Dur­ing this Third Re­gional Caribbean Growth Fo­rum, par­tic­i­pants will learn from ex­pe­ri­ences in the re­gion and other small is­land de­vel­op­ing states, pro­pose new strate­gies and tools nec­es­sary to achieve growth, and ex­am­ine prospects to pro­mote in­no­va­tion and en­trepreneur­ship through­out the re­gion.

“The World Bank is fully com­mit­ted to sup­port the sus­tain­able devel­op­ment agenda that many Caribbean na­tions are pur­su­ing, and their re­sponse to the chang­ing eco­nomic en­vi­ron­ment,” said the World Bank Vice Pres­i­dent for Latin Amer­ica and the Caribbean, Jorge Familiar. “This fo­rum is an op­por­tu­nity to take stock of the progress made and to iden­tify in­no­va­tive so­lu­tions to ig­nite growth in the re­gion.”

The Gov­ern­ment of Saint Lu­cia, along with 14 Caribbean coun­tries, has been lead­ing the Caribbean Growth Fo­rum (CGF) ini­tia­tive, which has en­gaged more than 2,500 gov­ern­ment, pri­vate sec­tor and civil so­ci­ety lead­ers, and has led to the im­ple­men­ta­tion of over 100 re­forms in im­prov­ing busi­ness cli­mate, boost­ing skills and pro­duc­tiv­ity, and en­hanc­ing con­nec­tiv­ity and lo­gis­tics. Some of the re­forms are the estab­lish­ment of a fund by the Gre­nada Devel­op­ment Bank which sup­ports small busi­nesses, cre­at­ing six hun­dred jobs to date; and a sin­gle-stop shop for com­pany reg­is­tra­tion which helped the Do­mini­can Repub­lic re­duce the time for reg­is­ter­ing a busi­ness from 45 to 7 days. In Saint Lu­cia, the gov­ern­ment re­cently com­pleted an as­sess­ment of the com­pet­i­tive­ness of the tourism in­dus­try, as well as an eval­u­a­tion to pro­vide tools for in­creas­ing pro­duc­tiv­ity in the work place.

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