2024 Annual Results Report

PARTERNSHIPS IN ACTION:

THE FOUNDATION OF GROWTH AND RESILIENCE

Projects Implemented in 2024 EU: Regional Private Sector Development Programme III (RSPDP III) The RPSDP III commenced in October 2023 and aimed to enhance employment opportunities, foster inclusivity (especially for youth, women, and indigenous communities), and alleviate poverty across CARIFORUM States. The programme pursued three primary objectives: reinforce private sector diversification and competitiveness in the Caribbean with a special focus on MSMEs including women and youth owned enterprises; and to enhance trade and investment between the Caribbean and the EU in the framework of the Economic Partnership Agreement (EPA) including support to B2B dimension and assisting the Caribbean private sector to grow in an inclusive and sustainable manner, including in the area of services. EU-LAC Digital Accelerator The EU-LAC Digital Accelerator is a five-year programme being implemented by a consortium consisting of ten partners from across Latin America and Europe including Tecnalia, European Business and Innovation Centre and Network, European Business Angel Network, IDB Labs, Expertise France, IESE Business School and Wayra, with Caribbean Export positioned as the implementing partner of activities in the Caribbean region. The EU-LAC Digital Accelerator is an initiative to foster innovation and digital transformation across the three regions, through accelerated collaboration among multiple stakeholders and the private sector. The programme aims to enhance competitiveness, digital skills, and innovation, and establish EU-LAC partnerships between European and Latin American/ Caribbean businesses operating within the digital sphere. Compete Caribbean: The Caribbean Digital Transformation Institute (CDTI) Project Funded by the Inter-American Development Bank in collaboration with the Compete Caribbean Partnership Facility, this three-year (2022-2024) project aims to establish the CDTI as a regional public asset. The project’s primary objective is to coordinate the regional ecosystem to facilitate the transformation of MSMEs through the adoption of digital technologies. Republic Bank Ltd: Project THRIVE In 2023, Caribbean Export and Republic Bank Ltd, the largest indigenous bank in the Caribbean, extended their Memorandum of Understanding (MOU) to support small business development in the region. This collaboration is focused on equipping MSMEs with the skills, tools, and financial knowledge needed to scale their operations, improve competitiveness, and expand into international markets. Project THRIVE will be launched in 2025 offering a transformational capacity building programme designed to empower Republic Bank Ltd. business clients through a strategic mix of training, mentorship, and financial literacy initiatives.

CARIBBEAN EXPORT ANNUAL RESULTS REPORT 2024 | 15