International Development Grant

Compete Caribbean+ - programme 2024 à 2029

Project Number: CA-3-P013036001

Status: Operational

Country/Region:

Saint Lucia 12.50%
Jamaica 12.50%
Grenada 12.50%
Suriname 12.50%
Dominica 12.50%
Saint Vincent And The Grenadines 12.50%
Guyana 12.50%
Belize 12.50%

Maximum Contribution: $5,000,000.00

Start Date: December 05, 2024

End Date: March 31, 2029

Duration: 4.3 years

Project Description

Caribbean leaders have regularly underscored the importance of private sector growth and diversification to meet the region's aspirations for job creation and global competitiveness. Compete Caribbean+ responds to this priority with a program focussed on enhancing gender-responsive and climate-resilient growth by improving the business enabling environment and supporting firms’ to innovate. The initiative builds on data and best practices from its experience over 2 phases since 2010 with a shift towards opportunities in the green and blue economy. Project activities include: (1) improving competitiveness climate action and inclusiveness of Caribbean private sector; (2) enhancing government capabilities to support climate-smart and gender-responsive businesses; and (3) promoting research and development for climate innovation in the public and private sectors. The project targets all Caribbean Community (CARICOM) member countries while Canada focuses on funding the official development assistance (ODA) - eligible countries of CARICOM: Belize Dominica Grenada Guyana Jamaica Saint Lucia Suriname and Saint Vincent and the Grenadines.

Expected Results

The expected outcomes of this project include: (1) improved competitiveness climate action and inclusiveness of the Caribbean private sector (2) enhanced government capabilities to support climate-smart and gender-responsive businesses and (3) reinforced research institutions and surrounding ecosystems to produce knowledge that supports climate-smart and gender-responsive public and private sectors.

Key Information

Executing Agency:
IDB - Inter-American Development Bank

Reporting Organization:
Global Affairs Canada

Program:
NGM Americas

Last Modified:
September 19, 2025

Development Classifications

DAC Sector:

Business support services and institutions 25%
Agricultural water resources 25%
Fishing policy and administrative management 25%
Small and medium-sized enterprises (SME) development 25%

Aid Type: Project-type interventions

Collaboration: Bilateral

Finance Type: Aid grant excluding debt reorganisation

Selection Mechanism:
Department-Initiated

Policy Markers
Level 1 Gender equality
Level 2 Environmental sustainability (cross-cutting)
Level 1 Trade development
Level 1 Climate change mitigation
Level 2 Climate Change Adaptation
Major Funding (>$1M)
Budget Breakdown
2024-04-01 to 2025-03-31 $5,000,000 CAD
Geographic Information
000
Project Number: CA-3-P013036001