IDB Approves Compete Caribbean Program

The Inter-American Development Bank (IDB) has approved Compete Caribbean, a program to support private sector development and competitiveness in 15 Caribbean countries.

The program, known as Compete Caribbean, is a joint initiative of the IDB, the Canadian International Development Agency (CIDA), and the United Kingdom?s Department of International Development (DFID).

The program will be implemented in Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominican Republic, Dominica, Grenada, Guyana, Haiti, Jamaica, St Lucia, St Kitts and Nevis, St Vincent and the Grenadines, Suriname, and Trinidad and Tobago.

The program establishes a US$32.55 million grant facility to support private sector development and competitiveness in the Caribbean region.