The Caribbean Export Development Agency (Caribbean Export) and the Inter-American Development Bank (IDB) have signed a landmark Memorandum of Understanding (MOU) aimed at enhancing cooperation to accelerate sustainable investment and project development in the Caribbean region.

The MOU was signed in Montego Bay by Dr. Damie Sinanan, Executive Director of Caribbean Export, and Anton Edmunds, General Manager of the IDB’s Caribbean Country Department. This strategic partnership will support the implementation of the ONE Caribbean Project Preparation Coordination Mechanism (PPCM), designed to create a robust pipeline of well-prepared, market-ready projects to attract financing from regional and global investors.

Under the agreement, both organizations will collaborate to:

• Enhance project readiness by improving the quality and structuring of projects, making them more attractive to investors and financiers.
• Expand investment opportunities by developing a pipeline of bankable projects aligned with the Caribbean’s sustainable development goals.
• Maximize regional synergies by engaging investment promotion agencies and stakeholders to strengthen the region’s overall investment landscape.

Dr. Damie Sinanan expressed optimism about the collaboration: “This partnership with the IDB marks a significant step in advancing our mission to mobilize impactful investments for the Caribbean. Together, we will foster innovation, resilience, and sustainable growth by ensuring that projects are well-prepared and positioned to attract the financing needed to transform our economies.”

Anton Edmunds of the IDB emphasized the Bank’s commitment: “Through this MOU, we are deepening our partnership with Caribbean Export to unlock greater access to financing and technical support for Caribbean countries and investing companies. The ONE Caribbean Project Preparation Coordination Mechanism will play a critical role in strengthening project pipelines, supporting private sector development, and delivering transformative impact across the region.”

The MOU will remain in effect for three years, with a joint Action Plan that will guide collaborative activities, including information exchange, stakeholder engagement, and potential staff exchanges, all aimed at improving the Caribbean’s project development ecosystem.

For more information, visit www.carib-export.com or www.iadb.org