By World Bank
The most aim of this document is to aid policymakers within the Caribbean layout an schedule of coverage activities to speed up alternate integration and development, and to lessen poverty. each one a part of the document makes a speciality of a key query and gives an in-depth research of the problems raised, laying the rules for coverage thoughts defined within the final bankruptcy of the document. half I asks no matter if the Caribbean's financial and alternate procedure are sound adequate to maintain the recent period of its worldwide alternate kin. half II addresses the possibilities and demanding situations that the recent alternate setting bargains to the Caribbean. half III assesses the impression of the recently-negotiated financial Partnership contract on progress and poverty relief utilizing varieties of macroeconomic versions. The file concludes with coverage priorities for accelerating Caribbean integration into the realm economic system and for reaping the advantages of worldwide festival.
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Extra resources for Accelerating Trade and Integration in the Caribbean: Policy Options for Sustained Growth, Job Creation, and Poverty Reduction (World Bank Country Study)
Preparation of an EPA Implementation Program. Once the needs assessments are completed, an EPA implementation program of action would be developed and costed with clear priorities. Twenty-two specific areas have been identified as priority areas for immediate work under the Regional Preparation Task Force (RPTF) work program for the EPAs. It is important that the focus be on these areas so that terms of references are prepared and implementation actions are taken. This implementation program should have clear timelines with expected results and performance indicators.
In an effort to overcome this problem and to effectively coordinate necessary activities that will emanate from the signing of the EPA, and indeed future agreements such as the CARICOM/Canada FTA, this report proposes the creation of a Regional Implementation Mechanism (RIM). This structure can be placed within any of the existing regional governing institutions, or be created as a separate entity. The proposed body can coordinate the regional objectives and activities with national bodies; which can mirror the regional structure.
National Implementation Liaison Division. This unit would coordinate the activities with the national implementation bodies in an effort to better facilitate use of funding, share knowledge, and allow the individual countries to raise their concerns and areas of interest. 14. The Fund, currently being held in an escrow account at the Caribbean Development Bank (CDB), will promote business development, among other areas. Member States would contribute $120 million of the Fund through a formula that would take into account size, per capita income and other minor indices.