CCPF is focused on reigniting economic growth in the Caribbean by increasing productivity, fostering innovation and by positioning regional products and services competitively in the global market. Through competitions, CCPF invites and selects project proposals to demonstrate the kinds of investments and activities that private sector companies can adopt to achieve these results.
Projects are implemented in 13 territories across the region:
The Facility partners with a broad mix of private, public and not-for-profit actors to deliver innovative and practical solutions to Micro, Small and Medium Enterprises (MSMEs) that win these competitions. Results include increases in exports, jobs and revenues.
CCPF also hopes to influence some of the rules that allow reallocation of resources from less productive sectors to more productive ones.
The Pillars
The CCPF strategy is executed through two Pillars.
Pillar 1: Productivity & Innovation in Private Sector Firms
Under Pillar 1, the CCPF provides technical assistance for project that strengthen the productivity and competitiveness of Caribbean businesses, products and services on the regional and global markets.
Technical assistance is granted under four thematic areas:
Pillar 2: Enhancing the Business and Innovation Climate
Pillar 2 is intended to enhance the legal, institutional and regulatory framework for business and innovation. Technical assistance is granted for activities related to:
Expert advice for the implementation of business and innovation climate polices, reforms or enhancements as well as advice for establishing and maintaining public-private dialogue and private sector development can also be accessed.