legislative and market reform to allow for access of renewable energy to the electricity network, building awareness and capacity within Member States, and facilitating public private partnership in energy development and build on the CARICOM Energy Policy adopted in 2013; (f) ICT – Developing the ICT Sector and promoting ICT in public sector management, business development and economic growth (in alignment with the Regional Digital Development Strategy at Strategic Priority 4 – Building Technological Resilience); (g) Resource Mobilisation9 – Developing innovative approaches to resource mobilisation to support economic growth including Foreign Direct Investment, public-private partnership, new sources of financing and an enhanced CARICOM Development Fund. 2.2.1.4 Key Considerations 1. The CSME will remain a primary platform for building international competitiveness and economic resilience for the Region. A critical success factor is to create an enabling regional business environment and address significant cost factors to production, such as transportation and energy. 2. Specific actions of the strategies outlined above will be developed over the Plan period through the work of various Commissions/working groups viz. the CARICOM Commission on the Economy, the ICT Cluster, and the Regional Transport Commission. 3. Private sector participation and leadership are vital for building resilience. Initiatives to stimulate and engage the private sector underpins the four resilience priorities and are linked with those initiatives to engage the private sector in the governance and decision making of the Community (Strategic Priority 6). 4. Information and Communication Technologies is fundamental to building resilience and in that regard underpin the achieving of strategies related to economic, social and environmental resilience. 9 To that end, there are focused ICT initiatives that are Specific initatives to be developed over the Plan period through the CARICOM Commission on the Economy 19 | P a g e

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