Project profile — Compete Caribbean+ - programme 2024 à 2029



Overview 

CA-3-P013036001
$5,000,000
IDB - Inter-American Development Bank (46012)
2024-12-05 - 2029-03-31
Operational
Global Affairs Canada
NGM Americas

Country / region 

• Belize (12.50%)
• Dominica (12.50%)
• Grenada (12.50%)
• Guyana (12.50%)
• Jamaica (12.50%)
• Saint Lucia (12.50%)
• Suriname (12.50%)
• Saint Vincent And The Grenadines (12.50%)

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)
• Climate change mitigation (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Climate Change Adaptation (principal objective)
• Trade development (significant objective)

Description 

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.

Expected results 

The expected outcomes of this project include: (1) improved competitiveness, climate action, and inclusiveness of the Caribbean private sector, (2) enhanced government capabilities to support climate-smart and gender-responsive businesses, and (3) reinforced research institutions and surrounding ecosystems to produce knowledge that supports climate-smart and gender-responsive public and private sectors.

Results achieved 

N/A

Budget and spending 


Original budget $1,000,000
Planned disbursement $2,500,000
Transactions
Transaction Date Type Value
22-04-2026 Disbursement $2,500,000
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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