- Over 930 business professionals across the region benefited from targeted support and capacity-building initiatives in 2024
- Women entrepreneurs made up 52% of all beneficiaries.
- Six major economic development programmes across key sectors, including green transition and digital transformation
The Caribbean Export Development Agency (Caribbean Export) has released its Annual Results Report 2024, under the theme ‘Delivering Impact’. This year’s report outlines how Caribbean Export continued to advance economic transformation by providing strategic support to businesses through initiatives focused on innovation, resilience, and sustainable private sector development across the Caribbean.
Operating in a complex global landscape, Caribbean Export facilitated interventions reaching over 930 entrepreneurs across 15 CARIFORUM states. Through key partnerships with the European Union, the Inter-American Development Bank (IDB), Compete Caribbean, Republic Bank, Caribbean Development Bank and others, the Agency mobilised over USD 14 million in donor funding to implement programmes that strengthened competitiveness and created opportunities for regional firms.
The report showcases the success of six major development projects, including the EU-funded Regional Private Sector Development Programme III (RPSDP III), and regional initiatives under the EU-LAC Digital Accelerator; the Caribbean Digital Transformation Institute, and the Green Energy Toolkit for MSMEs funded by IDB. These efforts tackled priority areas such as sustainable agriculture, green transition, renewable energy, digital innovation, and market access.
“Caribbean Export has to show relevance and impact to our private sector actors. We have not only deepened our existing programs but also introduced new initiatives that align with the dynamic needs of the region’s private sector,” said Dr. Damie Sinanan, Executive Director of Caribbean Export. “The success of this year’s programmes confirms that when we provide the right support, our businesses can excel on a global stage.”
Women-led enterprises continued to thrive, representing 52% of all supported businesses, while the Agency deepened its impact through inclusive programming and a strong focus on delivery and accountability across its portfolio.
The report also marks the completion of the Agency’s 2021–2024 Strategic Plan and introduces a bold new roadmap for 2025–2028. The new strategy is designed to boost investment readiness, strengthen institutional capacity, and position the Caribbean as a globally competitive and resilient region.
“A strong partnership is precisely what the European Union and the Caribbean Export Development Agency share. For decades, we have worked together to drive economic transformation in the Caribbean by supporting private sector development and creating more and better opportunities for small and medium-sized enterprises across the region,” noted Ambassador Malgorzata Wasilewska.
The Annual Results Report 2024 event, held at the Wyndham Grand Barbados Sam Lords Castle, on April 16, 2025, brought together stakeholders, partners, and beneficiaries to reflect on the year’s achievements and set the stage for the Agency’s new strategic agenda.
