International Development Grant
Compete Caribbean Partnership Facility
Project Number: CA-3-D004675001
Status: Closed
Country/Region:
Regional Focus:
Maximum Contribution: $16,000,000.00
Start Date: March 29, 2018
End Date: March 31, 2024
Duration: 6.0 years
Project Description
The aim of this project is to increase the productivity and contribution of small and medium-sized enterprises (SMEs) to inclusive green economic growth in Caribbean region. Project activities include: (1) promoting an environment that enables innovation and inclusive green growth; and (2) supporting SMEs (especially women-owned enterprises) to grow innovate and enter into new sectors and markets.
Expected Results
The expected outcomes for this project include: (1) increased innovation capacity of participating SMEs with a focus on gender equality and climate change; (2) increased capacity of supported SMEs to employ women and men while implementing women’s economic empowerment principles; (3) improved gender-responsive business climate; and (4) increased support for gender-responsive innovation.
Progress & Results Achieved
Results achieved as of March 2024 include: (1) enhanced significantly the number of firms introducing various innovations in productivity. These innovations improve processes products marketing strategies and organizational methods leading to overall efficiency gains; (2) supported the creation of a substantial number of direct and indirect jobs especially in strategic sectors contributing to economic growth. Employment generation supported economic stability and increased consumer spending power; (3) supported the focus on gender-responsive productivity and innovation to ensure that economic growth benefits are more equitably distributed fostering inclusive development; and (4) ensured that the significant number of institutions enhancing their support for productivity and innovation are sustainable and scalable. This led to providing a strong foundation for continued economic growth and development.
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:
Aid Type: Project-type interventions
Collaboration: Bilateral
Finance Type: Aid grant excluding debt reorganisation
Selection Mechanism:
Department-Initiated