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This workshop, led by Mr. Desmond Thomas from the IDB Regional Operations Department, focused on the Bank's strategic portfolio and pipeline concerning its Caribbean member countries. Key topics discussed include the economic characteristics, development goals, and challenges faced by nations like The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago. The workshop examined main economic activities such as tourism and agriculture, while outlining development objectives like raising living standards, enhancing competitiveness, and addressing governance reforms.
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IDB Procurement & Projects WorkshopApril 15-16, 2004 Mr. Desmond Thomas Regional Operations Department 3 Operational Division 6
Objectives • Outline of the Bank’s portfolio and pipeline in its Caribbean member countries • Background to Bank activity with reference to • Basic characteristics of the countries • Their development goals and challenges
Which Caribbean Countries? • The Bahamas • Barbados • Guyana • Jamaica • Suriname • Trinidad & Tobago
Small Countries Main Characteristics
Middle-income countries Characteristics (Cont.)
Main Development Objectives • Raising living standards • Sustaining growth with macroeconomic stability • Maintaining social stability • Overcoming natural vulnerabilities associated with small size
Main Economic Activities • Tourism (BH, BA, JA) • Mining: Bauxite/alumina (GY, JA, SU), petroleum products (T&T) • Financial services (BH, BA) • Agriculture
Main Development Challenges • Competitiveness • Product development and research • Natural environment • Physical infra-structure and utilities • Human resource development • Poverty alleviation
Challenges (Cont.) • Coping with natural disasters • Governance reforms • Strong fiscal and public debt challenges • Private sector involvement in traditionally public sector areas • Strengthened capacity in the many trade negotiating arenas • Regulatory climate for economic activity
Instruments • The Bank is responding with both financial and non-financial instruments • Investment lending • Policy-based lending • (PROPEF) in support of project lending • TCs & MIF • Studies
Contacts • Try project team leaders first • Go to www.iadb.org • Click on Procurement • Follow links to project description, etc.
Contacts (Cont.) • If in difficulties, contact OD6 Country coordinators: • Bahamas, T & T: Mr. Clark Sand clarks@iadb.org • Barbados, Suriname: Mr. Paulo Romero paulor@iadb.org • Guyana: Mr. Gabriel Castillo gabrielc@iadb.org • Jamaica: Mr. Iwan Sewberath iwans@iadb.org