Overview

Regional Private Sector Development Programme III

The Caribbean Export Development Agency (Caribbean Export) implements the Regional Private Sector Development Programme III (RPSDP III) under the European Union’s Global Gateway Programme. Running from 2023 to 2027, this EUR 12 million initiative is financed by EUR 8 million from the European Union, with Caribbean Export contributing EUR 4 million.

The overall objective of the programme is to strengthen the competitiveness and resilience of the Caribbean private sector in a sustainable manner by addressing critical challenges and fostering economic growth.

1. Promoting Green Economy and Digital Transition:
   o Supporting the transition to sustainable and green business practices.
   o Facilitating the digital transformation of businesses in the Caribbean.

1. Enhancing SME Access to Finance:
   o Expanding financial offerings to Small and Medium Enterprises (SMEs).
   o Introducing equity financing, venture capital, and angel investing.

1. Expanding Trade and Investment:
   o Strengthening trade and investment under the CARIFORUM-EU Economic Partnership Agreement.
   o Enhancing technical capabilities for EU trade standards.
   o Fostering robust B2B linkages between the Caribbean and the EU.

As a catalyst for economic transformation, the Regional Private Sector Development Programme III represents a significant step towards a more resilient, innovative, and sustainable Caribbean private sector, strengthening the region’s economic ties with the European Union and paving the way for future growth and collaboration.