11TH European Development Fund Implementation Report 2017- 2023

The TAP awarded 59 grants of which 19 were funded via the 11th EDF valued at €265,406.12. Due the Dominican Republic not being a CDB borrowing member country the DRGS funded by the 11th EDF awarded 10 companies grants valued at €93,361.

(6) Impact Assessment An evaluation of beneficiaries under the DAGS and DSGP programmes highlighted significant positive outcomes. Across beneficiary firms, 307 new jobs have been created, fostering economic growth. These firms have expanded their market reach to 23 export markets, yielding an estimated export value of US$2.1 million, spanning regions such as the Caribbean, Europe, and North America. Notably, 77% of firms have improved productive capacity and efficiency, with 62% enhancing their facilities. A substantial portion (57%) undertook equipment and machinery upgrades, resulting in cost savings and operational streamlining. Renewable energy projects and manufacturing process optimizations have driven these enhancements, fostering sustainability and resource efficiency. These initiatives have effectively reduced operational costs, allowing firms to redirect resources towards operational improvements. Consequently, productivity levels and production capacity have increased, leading to enhanced revenue streams. Notably, 42% of companies have experienced significant production increases, largely due to successful machinery and equipment upgrades. These investments position firms for sustained competitiveness and growth in the global market.

“We have been able to hire additional staff and provide resources to them to increase our business efficiency. This was made possible by the grant we received from Caribbean Export.” “Tijule has been able to maintain the level of employment of females especially from the marginalized communities near to the company's location; and also increase purchase of production inputs from rural male and female farmers. The inventory management system helps us to better control the flow of supplies coming in and product sales.” – Jamaica

– Jamaica

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

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