Project profile — Compete Caribbean Partnership Facility

• Barbados (1.70%)
• Jamaica (5.50%)
• Antigua and Barbuda (0.60%)
• Saint Vincent And The Grenadines (0.30%)
• Suriname (1.40%)
• Guyana (1.70%)
• Grenada (0.60%)
• Saint Kitts and Nevis (1.10%)
• Bahamas (1.70%)
• Trinidad And Tobago (1.60%)
• Saint Lucia (1.30%)
• Dominica (0.70%)
• Belize (2.10%)

• West Indies, regional (79.70%)

• Business And Other Services: Business support services and institutions (25010) (25.00%)
• Agriculture: Agricultural water resources (31140) (25.00%)
• Fishing: Fishing policy and administrative management (31310) (25.00%)
• Industry: Small and medium-sized enterprises (SME) development (32130) (25.00%)

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (not targeted)
• Trade development (significant objective)
• Biodiversity (significant objective)
• Climate change mitigation (significant objective)
• Climate Change Adaptation (significant objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (significant objective)
• Disability (not targeted)
• Indigenous Issues (not targeted)
• ICT as a tool for development (not targeted)

The aim of this project is to increase the productivity and contribution of small and medium-sized enterprises (SMEs) to inclusive green economic growth in Caribbean region. Project activities include: (1) promoting an environment that enables innovation and inclusive green growth; and (2) supporting SMEs (especially women-owned enterprises) to grow, innovate and enter into new sectors and markets.

The expected outcomes for this project include: (1) increased innovation capacity of participating SMEs with a focus on gender equality and climate change; (2) increased capacity of supported SMEs to employ women and men, while implementing women’s economic empowerment principles; (3) improved gender-responsive business climate; and (4) increased support for gender-responsive innovation.

Results achieved as of March 2024 include: (1) enhanced significantly the number of firms introducing various innovations in productivity. These innovations improve processes, products, marketing strategies, and organizational methods, leading to overall efficiency gains; (2) supported the creation of a substantial number of direct and indirect jobs, especially in strategic sectors, contributing to economic growth. Employment generation supported economic stability and increased consumer spending power; (3) supported the focus on gender-responsive productivity and innovation to ensure that economic growth benefits are more equitably distributed, fostering inclusive development; and (4) ensured that the significant number of institutions enhancing their support for productivity and innovation are sustainable and scalable. This led to providing a strong foundation for continued economic growth and development.

• Proactive disclosure