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St. Kitts and Nevis

​Caribbean PPPs come of age: Boot camp-style workshops kick off new approach to partnerships

Luciana Guimaraes Drummond E Silva's picture
Street scene in Delmas, Haiti
“Plantain nu eat like rice” — a Caribbean saying roughly translated as “Make do with what is available to you” — applies to the region’s experience with public-private partnerships (PPPs) as well as to life on the islands. For many decades, implementation of PPPs in the Caribbean has been mixed; government officials and citizens alike have had to “make do” with these results.  

Some partnerships have successfully delivered new or improved roads, ports, airports, bulk water treatment facilities, and electricity generation plants, along with other high-quality infrastructure facilities. However, other promising PPPs faced challenges that were never overcome. ​In many cases, the complexity of the PPP development and implementation process meant long delays in delivering projects; others resulted in questionable value or unexpected costs to governments or consumers. 

To help Caribbean governments fulfill the promise of PPPs to deliver improved infrastructure assets and services, the Caribbean Development Bank (CDB), the Inter-American Development Bank (IDB), the Multilateral Investment Fund (MIF), the World Bank Group (WBG), and the Public-Private Infrastructure Advisory Facility (PPIAF) have created the Caribbean Regional Support Facility. This US$1.2 million program was launched at the High-Level Workshop on Practical Implementation on PPPs in Saint Lucia on June 15.  An important component of its near-term activities, an upcoming series of boot camp-style workshops, will increase technical capacity among Caribbean government officials, offering the depth and breadth that’s been missing from the PPP market.

Part of the #Youthbiz movement? Share your story!

Valerie Lorena's picture

Also available in: Français | العربية

A boat trip from Port Elizabeth to Kingstown, in the Caribbean country of Saint Vincent and the Grenadines, is a one-hour trip that locals take several times a day. It was during one of these journeys that the boat of Kamara Jerome, a young Vincentian fisherman, ran out of gas six miles from Bequia City in what is termed locally as the "Bequia Channel." While waiting for help with strong wind gusts and the sun on his head, the idea of developing a boat that would run with wind and solar energy was born. Soon after, the idea became a prototype; a boat using green technology was on the water making 20-year-old Jerome a winner of international innovation competitions and a role model to other Caribbean youth. 
In Mexico, young engineer Daniel Gomez runs a multimillion bio-diesel company originally conceived as a research project for his high school chemistry class. Gomez and his partners - Guillermo Colunga, Antonio Lopez, and Mauricio Pareja - founded SOLBEN (Solutions in bio-energy in Spanish) in their early twenties. 
Although Daniel and Kamara have different educational backgrounds, they do share one important skill, the ability to identify a problem, develop an innovative solution, and take it to the market. In other words, being an entrepreneur, an alternative to be economically active, that seems to work and not only for a few.

Disaster Risk: Using Capital Markets to Protect Against the Cost of Catastrophes

Michael Bennett's picture
Hurricane Sandy / NOAA
Hurricane Sandy / NOAA

In addition to their often devastating human toll, natural disasters can have an extremely adverse economic impact on countries. Disasters can be particularly calamitous for developing countries because of the low level of insurance penetration in those countries. Only about 1% of natural disaster-related losses between 1980 and 2004 in developing countries were insured, compared to approximately 30% in developed countries. This means the financial burden of natural disasters in developing countries falls primarily on governments, which are often forced to reallocate budget resources to finance disaster response and recovery. At the same time, their revenues are typically falling because of decreased economic activity following a disaster. The result is less money for government priorities like education or health, thereby magnifying the negative developmental impact of a disaster.

To address this problem, the World Bank Treasury has been helping our clients protect their public finances in the event of a natural disaster. The most recent innovation is our new Capital-at-Risk Notes program, which allows our clients to access the capital markets through the World Bank to hedge their natural disaster risk. Under the program, the World Bank issues a bond supported by the strength of our own balance sheet, and hedges it through a swap or similar contract with our client. The program allows us to transfer risks from our clients to the capital markets, where interest in catastrophe bonds is growing.

Building pro-growth coalition for reforms: The Caribbean Growth Forum

Andrea Gallina's picture

Nighttime in St George's, Grenada

What does it take to make reforms work in small island countries?

At the end of June 2013, twelve Caribbean countries presented a roadmap for growth in three areas -logistics and connectivity, investment climate, skills and productivity- to a broad audience of private sector representatives, international development institutions, regional organization, civil society and media. That event culminated a 7-month long phase during which policy-making was not the result of close-doors meetings, but a process of intense negotiation, consultations, and consensus building among all actors of each Caribbean country’s societies. All of which was documented in real time and in a transparent fashion by each government. Yes, business was not “business as usual”.
Reforms priorities were agreed and a calendar for implementation brushed on a power point slide in the wonderful framework of five stars Bahamian hotel…After the workshop lights, projects and microphones shut down, many of us went home with a familiar sound in our ears: and now what? Was it another “talkshop”?

Helping Green Business in the Caribbean

Herbert Samuel's picture

Increased hurricane activity and rising sea levels are well-known effects of climate change, and they prompt solemn head-shaking when we read about them in reports. But in the Caribbean they are part of a terrifying reality that is happening now: This reality was demonstrated again by recent flooding and landslides in the Eastern Caribbean that left 20 dead and hundreds of millions of dollars in damage.

Buenos Aires: How the Maldonado stream went back to its bed

Maria Madrid's picture
The case of the Maldonado stream: The voice of a citizen

Imagine a busy metropolitan avenue crossing the length of Buenos Aires, Argentina, transited daily by buses and trains and lined with a large hospital, medical buildings, schools, shops and businesses.

Now imagine for 27 years this avenue flooding severely 37 times as if it were a river. During a flood, envision people being evacuated in motorboats, cars practically floating downstream, and cars and pedestrians on the bridge above it having to remain stranded there until the waters on the avenue below receded. It sounds implausible doesn’t it? Not for Buenos Aires residents it didn’t. The Juan B. Justo Avenue was such a thoroughfare.

Targeting motorcycle users to improve traffic safety in Latin America

Anna Okola's picture

Motorcycle riders and passengers have long been vulnerable users of motorized transport. In the Americas, with the increasing ownership of motorcycles, given the ease and lower costs, this trend is worrisome as the number of vulnerable users as well as those impacted by traffic crashes increases, sometimes masking a shift from pedestrian or bicycle casualties to motorcycle victims. These trends would be similar in regions such as Africa which also share the motorcycle-taxi (mototaxi) phenomenon.

Good Lord! Are we stuck in time?

Kerry Natelege Crawford's picture
Photo by Chico Ferreira, available under a Creative Commons license (CC BY 2.0).
(Photo by Chico Ferreira, available under a Creative Commons license - CC-BY-2.0)

Caribbean: Working together to boost growth

Andrea Gallina's picture

What is the solution to low growth in the Caribbean? That's been the question on the minds of  private sector, government and civil society representatives from 12 Caribbean countries for the last year.

They're all member of the Caribbean Growth Forum - a regional initiative designed to share experiences, ideas and expertise to promote a more prosperous Caribbean. Andrea Gallina has been coordinating the process since it launched in May 2012.

Here he explains what has been achieved so far and what the next steps are for the Caribbean.

Caribbean: Working together to boost growth


Jamaica + Animation: A match made in heaven

Mary Stokes's picture
At university in the US, animation graduate Kira Clayton was always asked what career opportunities she would have when she returned to her native Jamaica.
Now, after a a week’s intensive animation workshop from the best in the business, she is on the best path to a career and is looking forward to a summer program scholarship at Sheridan College in Ontario, Canada.
Animation & Jamaica: A match made in heaven