07 Dec, 2015
The Caribbean Export Development Agency (Caribbean Export) will be designing and implementing the Caribbean Investment Facilitation Project (CIFP), whose main objectives will be to enable investable entrepreneurs to raise capital from angels and other investors, and to support the development of angel investing in the Caribbean.
The CIFP will be a recipient-executed initiative delivered via a grant from the World Bank, through the Entrepreneurship Program for Innovation in the Caribbean (EPIC) Trust Fund valued at US$1.6 million. EPIC aims to support the development of an enabling ecosystem to foster innovative, high-growth and sustainable enterprises in the Caribbean region; and is a 7-year, CAD$20 million program funded by the Government of Canada through the World Bank Group, operating in Caribbean Community (CARICOM) countries, with the exception of Haiti.
The CIFP is scheduled to commence in January 2016 and is envisaged to end in December 2017. In this regard, Caribbean Export has drafted an Environmental and Social Management Framework (ESMF) for the CIFP and hereby invites comments from all stakeholders in order to improve the draft framework. The draft framework is obtained here on the Agency’s website and on the World Bank’s Info Shop here. Please submit your comments not later than December 21, 2015 via email to [email protected] and copied to Kevin Jones, Advisor – Access to finance at [email protected]