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
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