CARICOM Fund To Facilitate Social Cohesion

(Barbados Government Information Service) Is it possible for the people of the Caribbean to achieve socio-economic cohesion in our lifetime? For decades, this and other questions have dogged the region since the collapse of the Federation in 1962. But, some 46 years after the establishment of the Caribbean Community (CARICOM), the region is now better poised to achieve economic resilience, thanks largely to assistance from the CARICOM Development Fund (CDF).

The CDF, which was established in November 2008, was one of the agencies identified by regional leaders at their Castries summit in July 2019, to provide vital support to strengthen member states within the CSME.

The proposed new role for the fund was outlined recently by CDF Senior Economist, Dr. Laverne McFarlane, during the National Consultation on the Draft Cohesion Policy for Barbados, at the CSME Unit in Haggatt Hall. Member states have held National Consultations on the Draft Cohesion Policy over the past year.

The meeting brought together key stakeholders from the private and public sectors involved in implementing the CARICOM Single Market and Economy (CSME), including the Prime Minister’s Office, the Ministries of Home Affairs, Commerce, Finance, Economic Affairs and Investment, Labour, Agriculture and Food Security, and Foreign Affairs and Foreign Trade.

Read more at: Barbados Government Information Service

Source: CARICOM TODAY