Grants and Contributions:

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Title:
Compete Caribbean+
Agreement Number:
7460538 P013036001
Agreement Value:
$5,000,000.00
Agreement Date:
Jul 10, 2024 - Mar 31, 2029
Description:
Caribbean leaders have regularly underscored the importance of private sector growth and diversification to meet the region's aspirations for job creation and global competitiveness. Compete Caribbean+ responds to this priority with a program focussed on enhancing gender-responsive and climate-resilient growth by improving the business enabling environment and supporting firms’ innovate. The initiative builds on data and best practices from its experience over two phases since 2010, with a shift towards opportunity in the green and blue economy. Project activities include: (1) improving competitiveness, climate action, and inclusiveness of Caribbean private sector; (2) enhancing government capabilities to support climate-smart and gender-responsive businesses; and (3) promoting research and development for climate innovation in the public and private sectors. The project targets all Caribbean Community (CARICOM) member countries, while Canada focuses on funding the official development assistance (ODA) - eligible countries of CARICOM: Belize, Dominica, Grenada, Guyana, Jamaica, Saint Lucia, Suriname, and Saint Vincent and the Grenadines.
Organization:
Global Affairs Canada
Expected Results:

The expected outcomes of this project include: (1) improved competitiveness, climate action, and inclusiveness of the Caribbean private sector, (2) enhanced government capabilities to support climate-smart and gender-responsive businesses, and (3) reinforced research institutions and surrounding ecosystems to produce knowledge that supports climate-smart and gender-responsive public and private sectors.

Location:
Washington, US
Reference Number:
064-2024-2025-Q2-00363
Agreement Type:
Grant
Report Type:
Grants and Contributions
Recipient Type:
Not-for-profit organization or charity
Recipient's Operating Name:
IDB - Inter-American Development Bank
Recipient's Legal Name:
IDB - Inter-American Development
Federal Riding Number:
NA
Program:
International Development Assistance Program
Program Purpose:

The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.