IDB, UK Renew Commitment for Private Sector Development in Caribbean

The Caribbean will benefit from donor-backed private sector initiatives, Stabroek News reports. One such initiative is the so-called “Compete Caribbean” program, which aims to improve the business environment in 15 Cariforum countries. The program is jointly designed by the Inter-American Development Bank, Canadian International Development Agency, and U.K. Department for International Development, and is expected to be endorsed by the IDB board in March.

Meanwhile, DfID provided some 910,000 pounds (USD1.5 million) for the IDB-administered Aid for Trade Strategic Fund. The fund seeks to help the region’s public and private sectors integrate into the global economy.