2024 Annual Results Report

MESSAGES

Message from the Executive Director

As the Caribbean’s leading agency for private sector development, I am pleased to present the 2024 Annual Results Report, reflecting another year of impact, resilience, and growth. In a global landscape marked by economic recovery, climate challenges, and geopolitical shifts, Caribbean Export has remained steadfast in its mission to support businesses and strengthen the region’s economic foundation. With 2024 marking the final year of our 2021-2024 Strategic Plan, we focused on deepening investment opportunities and enhancing business competitiveness through donor-funded initiatives. Our efforts centred on digital business and innovation, export development, and market expansion, with targeted support for renewable energy adoption, business network development, and the advancement of women-owned enterprises. Through these interventions, we have continued to empower MSMEs across 15 CARIFORUM states, providing direct support to over 930 firms in key sectors such as agro-processing, non food manufacturing, and professional services, contributing to the region’s economic momentum. In making CARIFORUM MSMEs ripe for investment, Caribbean Export had its third iteration of the Caribbean Investment Forum (CIF), this year in Guyana. Over 360 delegates engaged at the event, further fortifying relationships with potential partners and supporting regionalisation advanced discussion on critical issues. As we continue positioning Caribbean Export as the premier platform for investment in the region, these engagements are pivotal in unlocking new opportunities for our private sector. Given the current economic climate, Caribbean Export has continued to embrace development partners like EU-LAC Digital Accelerator, Compete Caribbean through IDB funding, Republic Bank Limited, direct support from the IDB and the CDB, along with the European Union's funding, through the RPSDP III, driving the agency forward. Additionally, we have signed 5 MOUs in 2024 with partners like the Afreximbank, CAF, Pleion Group (a CIF success), DHL Group and CCREEE. As we look to the future, Caribbean Export is seeking to embark on new relationships in support of the future of the private sector. In 2024, Caribbean Export has completed its first full year under the NDICI funded RPSDP III and successfully completed the 2021-2024 Strategic Plan. As we journey on this road ahead, I am proud to announce our new Strategic Plan for 2025-2028, which has been approved by the Board of Directors is set to commence. This plan takes a laser focused direction to empower businesses to become more competitive and integrative into the global market; positioning the Caribbean as a premier investment destination; and investing in the institutional strengthening of Caribbean Export. Strong governance and transparency with audit reports are at the forefront of our operations at the Agency and are available for public consumption at www.carib-export.com. Finally, I would like to thank our Board of Directors for their support as we cement our position as the leading executing agency in the Caribbean region for private sector support and driving impact in the future economic development of the Caribbean. These achievements were made possible with the tireless work of my dedicated staff at Caribbean Export, and I am forever grateful for their service and support of the Agency and the Caribbean people.

Damie Sinanan Executive Director Caribbean Export Development Agency

“These achievements were made possible with the tireless work of my dedicated staff at Caribbean Export,

and I am forever grateful for their

service and support of the Agency and the Caribbean people.”

CARIBBEAN EXPORT ANNUAL RESULTS REPORT 2024 | 7