May 29, 2012

Over 3 million Euro Earmarked To Push CSME Forward

According to Caribbean 360, “Caribbean Community (CARICOM) member states have been allocated €3.45 million to help enhance their capacity to further implement the CARICOM Single Market and Economy (CSME).

The Caribbean Development Bank (CDB) is to administer the funds, which have been provided through a contribution agreement with the European Union (EU), according to a media release issued recently by the bank.

The beneficiaries of the funds will be the CARICOM member states which comprise CDB’s borrowing member countries, and Suriname.

The funds will be held in a CSME Standby Facility, which will support CSME implementation at the national level.  Under the terms of this agreement, the EU will disburse the funds to CDB, based on verifiable demand.  It is expected that each CARICOM member state will receive at least one grant under the Facility.

These funds are to be used for customised projects aimed at such things as building the administrative capacity of national administrations/agencies involved in CSME implementation, recruitment of short-term consultants and public education.

The implementation period of the Facility will be for three years, however, an extension is possible once both parties agree, stated the CDB release.

According to the findings of a study commissioned by the CARICOM Heads of Government in 2009, the sustainable implementation and effective operation of the CSME is threatened by inadequate capacity, institutions, administrative practices and procedures, and technical facilities and services in the region, noted the CDB in the release.”

Read more:

Source: Caribbean 360, News Around The Caribbean.

BCCI and BELTRAIDE Business Mixer

How A Small Country Transformed Itself- The Case of Ireland and The Role FDI played In That Transformation.”

The Belize Chamber of Commerce and Industry in collaboration with Belize Trade and Investment Development Services will be hosting  a Business Mixer, on Wednesday June 13, 2012 at 5:00p.m., in the MC Field Conference Centre, BCCI.

Come and listen to the highlight of the day, Mr. David O’ Donovan, the Director of Investment Promotion Agency Development, at Communiqué International, as he shares his ideas and expertise on Industrial Development.

Speeches will also be given by top ranking officials from within Belize Chamber of Commerce and Industry, and the Ministry of Trade, Investment, Private Sector Development and Consumer Protection.

Let’s be informed with ideas and techniques, vital to propel our country forward.

For more information contact us:

Belize Trade and Investment Development Service (BELTRAIDE)

14 Orchid Garden St., City of Belmopan, Cayo District, Belize

Tel: 501-822-3737

Fax: 501-822-0595


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