11TH European Development Fund Implementation Report 2017- 2023

ii.Increased Access to Sustainable Financing Mechanisms and Financial Inclusion The programme supported the private sector by providing exporting and export-ready firms with financial assistance. Within the framework of the 11th EDF RPSDP, this was achieved through technical assistance activities, facilitating new financing mechanisms, including non-traditional means of financing, and cooperation with various financial institutions. (1) Grant Proposal Writing and Sensitisation Workshops Grant Proposal Writing and Sensitisation Workshops were conducted with the overarching aim of enhancing access to finance in the region, particularly for CARIFORUM firms. The primary objective was to bolster firms' export competitiveness and facilitate growth in exports, leveraging mechanisms such as the EPA and other trade agreements. The workshops had a specific focus on educating stakeholders, particularly assigned country advisors, about the grant application procedures. Nineteen country advisors from non-Organisation of the Eastern Caribbean States (OECS) and sixteen from OECS countries underwent training on various aspects, including the application process, deadline adherence, application completion steps, and preparation of reimbursement claims compliant with the Agency's DAGs guidelines.

Feedback from participants indicated a high level of satisfaction, with

Moreover, at least

With an additional

of firms confirming that the workshop met their expectations. 73%

that the knowledge gained from the training would facilitate their companies in applying for the DAGS. 82% of respondents expressed confidence

stating that it exceeded their expectations. 20%

(2) Providing Financial Assistance to Businesses During the implementation period, four grant programmes were executed: the Direct Assistance Grant Scheme (DAGS 2018 & 2019), the Direct Support Grant Programme (DSGP), the Technical Assistance Programme (TAP), and the Dominican Republic Grant Scheme (DRGS). These programmes aimed to provide financial assistance and support to CARIFORUM firms seeking to expand their operations and enhance their competitiveness in regional and international markets.

Implementation of the 11th European Development Fund (EDF) Regional Private Sector Development Programme (RPSDP)

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