CE 2025 Annual Results Report web

PROJECTS IMPLEMENTED IN 2025

Inter-American Development Bank

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 was 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. Funded by the Inter-American Development Bank (IDB), this project seeks to create a regional public good that strengthens capacity through training, tools, and resources designed to help firms improve energy efficiency and transition to green energy solutions. Addressing a critical gap in the region, this initiative will have a transformative impact on Caribbean MSMEs, which make up over 70% of businesses. By equipping them with the knowledge and support needed to adopt sustainable energy practices, the project will drive cost savings, enhance competitiveness, and contribute to a greener Caribbean economy. Funded by the Inter-American Development Bank in collaboration with the Compete Caribbean Partnership Facility, this three-year (2022-2026) 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. In Belize, Dominica, Grenada, Jamaica, Saint Lucia and Saint Vincent and the Grenadines, GRIT will directly support 800 women entrepreneurs in agriculture, agro-processing, artisanal products, renewable energy, eco-tourism and digital services. An additional 10,000 women will benefit from wider access to training and market intelligence tools. GRIT prioritises inclusive growth by particularly supporting women-led enterprise that are youth-led, rural-based, indigenous owned or led by women with disabilities. Inter-American Development Bank: Caribbean Green Energy Adoption and Energy Efficiency Toolkit for MSMEs Compete Caribbean: The Caribbean Digital Transformation Institute (CDTI) Project enterprises, create sustainable employment and contribute to the region’s green and digital transitions.

CARIBBEAN EXPORT ANNUAL RESULTS REPORT 2025 | 13