2024 Annual Results Report

CATALYSING INVESTMENT:

DRIVING GROWTH AND OPPORTUNITY IN THE CARIBBEAN

In a rapidly evolving global economy, investment plays a pivotal role in shaping the future of industries, infrastructure, and economic resilience. However, according to the OECD global foreign direct investment (FDI) flows continue to face headwinds, with a 7% decline in 2023, bringing total FDI to USD 1.36T, marking the second consecutive year below pre-pandemic levels. In Latin America and the Caribbean, it was reported by UN ECLAC that FDI inflows dropped by 9.9% to USD 184.3B, reflecting a broader trend of economic uncertainty and shifting investor priorities. Despite these challenges, the Caribbean remains a dynamic and attractive destination for investment, particularly in sectors such as renewable energy, digital transformation, sustainable tourism, agri-business, and logistics. The region’s growing focus on climate resilience, innovation, and regional integration has positioned it as a compelling option for investors seeking long-term, sustainable opportunities. Caribbean Export is at the forefront of this transformation, championing investment-led growth that creates jobs, strengthens industries, and accelerates economic diversification. Through strategic partnerships, investment facilitation, and targeted sectoral initiatives, we are committed to ensuring that FDI not only flows into the region but also delivers equitable, impactful, and sustainable benefits for businesses and communities. As global investment patterns shift, the Caribbean must remain agile in attracting capital that aligns with its long-term development goals. This means fostering an enabling business environment, modernizing regulatory frameworks, and leveraging trade agreements such as the CARIFORUM-EU EPA to unlock new opportunities. By nurturing investor confidence and connecting high-potential projects with international capital, Caribbean Export is helping to shape a future where investment drives inclusive prosperity, economic resilience, and a thriving private sector. Transforming Our Future, Empowering Growth: Caribbean Investment Forum, Guyana The Caribbean Investment Forum (CIF) has established itself as the premier platform for attracting investment, fostering strategic partnerships, and positioning the Caribbean as a hub for sustainable economic development. With an emphasis on green investments, digital transformation, and economic resilience, CIF continues to showcase the Caribbean as a prime destination for international investors. In 2024, CIF was hosted in Georgetown, Guyana, under the theme “Transforming Our Future, Empowering Growth.” Organized by Caribbean Export in collaboration with the Government of Guyana, the European Union, the CARICOM Secretariat, and the Caribbean Development Bank (CDB), the Forum brought together government leaders, private sector executives, international investors, and development partners to discuss and catalyse investments that drive sustainable growth. CIF’s growing international appeal was evident in 2024, with 23% of attendees coming from outside the Caribbean, a significant increase from 16% in previous years. This demonstrates CIF’s expanding global recognition as a key platform for investment discussions, deal-making, and economic collaboration.

“The Caribbean Investment Forum is not just an event—it is a movement towards a more resilient, sustainable, and investment-ready Caribbean.” – Dr Damie Sinanan, Executive Director, Caribbean Export

20 | CARIBBEAN EXPORT ANNUAL RESULTS REPORT 2024