Project profile — Compete Caribbean Partnership Facility



Overview 

CA-3-D004675001
$16,000,000
IDB - Inter-American Development Bank (46012)
2018-03-29 - 2024-03-31
Operational
Global Affairs Canada
NGM Americas

Country / region 

• Jamaica (5.50%)
• Barbados (1.70%)
• Saint Vincent And The Grenadines (0.30%)
• Dominica (0.70%)
• Saint Lucia (1.30%)
• Bahamas (1.70%)
• Saint Kitts and Nevis (1.10%)
• Suriname (1.40%)
• Trinidad And Tobago (1.60%)
• Guyana (1.70%)
• Belize (2.10%)
• Grenada (0.60%)
• Antigua and Barbuda (0.60%)
• West Indies, regional (79.70%)

Sector 

• 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%)

Policy marker 

• 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)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

Description 

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.

Expected results 

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 

Results achieved as of December 2022 include: (1) contributed to the creation of 2,729 jobs across seven countries; (2) drafted 50 legislative reforms, 45 submitted for government approval and 22 approved; (3) directly impacted 2,015 firms, with 41% women-owned firms; (4) strengthened 69 institutions that support private sector development (PSD), with 17 expanding and scaling up their activities to support PSD with CCPF’s assistance; and (5) implemented 26 projects, with climate change resilience as a significant objective.

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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