11TH European Development Fund Implementation Report 2017- 2023

Expected Results

The expected results under the three (3) specific objectives are outlined below: Specific Objective 1: Expected Results Build private sector capacity at the firm level to increase export competitiveness.

Increased innovation, use of green energy alternatives and resource efficiency aimed at significantly reducing the cost of production

Increased access to sustainable financing mechanisms and financial inclusion

Capacity at firm level strengthened

Increased in-market presence by leveraging Brand Caribbean in Export Promotion

Increased use of ICT to foster productivity

Specific Objective 2: Strengthen Business Support Organisation (BSO) capacity to provide greater support to the private sector. Expected Results

Trade and Business Intelligence (TBI), and research capacity strengthened

Strengthened IPAs’ capacity to increase FDI flows

Strengthen regional and international networks

Increased understanding and utilization of the EPA and other market opening Agreements

Facilitating access to specific funds earmarked for BSO capacity building at the national level

Component 3: Strengthen regional mechanisms aimed at promoting effective Public-Private Dialogue (PPD) to develop a more effective business enabling environment. Expected Results

Strengthen

and

support

Strengthening of the CARIFORUM-EU Business Forum as a business-to-business platform aimed at increasing and solidifying access by Caribbean firms to the EU market

action-oriented Public-Private and Private-Private Dialogue mechanisms

Provide support for the operationalization of the CBC given the absence of a coherent regional private sector representative body

Increase focus on key strategic sectors, clusters and value chains

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

7