2024 Annual Results Report

MESSAGES

Message from the

Chairperson of the Board

The 2024 Annual Results Report reflects another year of remarkable progress for the Caribbean Export Development Agency, underscoring the Agency’s unwavering commitment to driving private sector development in the region. On behalf of the Board of Directors, I extend my deepest appreciation to the management and staff for their dedication and the many achievements realized over the past year. As the Caribbean economy continues to recover from the lingering effects of the COVID-19 pandemic, Caribbean Export has remained steadfast in its mission to enhance the region’s economic resilience. Amidst the volatility of small island economies, the Agency has taken strategic steps to position Caribbean businesses—particularly MSMEs—for sustained growth, global competitiveness, and job creation. In 2024, Caribbean Export built upon the solid foundations laid in previous years, guided by new leadership and a renewed vision. The Agency successfully completed the first year of implementation under the European Union (EU)-funded Regional Private Sector Development Programme III, further reinforcing its role as a catalyst for economic transformation. With donor support from the EU, Compete Caribbean, the Inter-American Development Bank (IDB), Republic Bank Limited, and the Caribbean Development Bank (CDB), the Agency achieved an overall implementation rate of 93%, a testament to its efficiency in executing impactful initiatives. The expansion of strategic partnerships has further strengthened Caribbean Export’s ability to foster sustainable economic growth and enhance regional competitiveness. A key highlight of the year was the continued success of the Caribbean Investment Forum (CIF)—the Agency’s flagship investment event. CIF 2024 raised the bar yet again, delivering a high-calibre platform that showcased 15 investment-ready projects with a collective value of USD 60M from across CARIFORUM. The forum strategically focused on three priority sectors: sustainable agriculture, green economy transition, and digital transformation, aligning with global investment trends while meeting the region’s development needs. Caribbean Export’s achievements in 2024 reaffirm its status as the leading agency for private sector development in the Caribbean. As we look ahead, we remain confident that through strategic collaborations, innovation, and unwavering commitment, the Agency will continue to unlock opportunities, drive economic transformation, and shape a more prosperous future for the region.

Dr. Lynette Holder Chairperson of the Board of Directors Caribbean Export Development Agency

“Caribbean Export has remained steadfast in its mission to enhance the region’s economic resilience.”

6 | CARIBBEAN EXPORT ANNUAL RESULTS REPORT 2024