MOBILISATION TASK FORCE SETS FINANCIAL TARGET

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The Resource Mobilisation Task Force of the Caribbean Community (CARICOM) Development Fund has identified prospective development partners and set a target of raising US$130 million over the next year.

These decisions were made last Friday, January 30, when the Task Force held its first meeting at the Lloyd Erskine Sandiford Centre, under the chairmanship of Prime Minister David Thompson.

The purpose of the Task Force is to facilitate the process of raising resources for the CARICOM Development Fund (CDF) through contributions from International Development Partners and the private sector.

It comprises the Prime Minister of Barbados as Chairman and the Lead Head with responsibility for CSME matters; the Ministers of Finance of Antigua and Barbuda, Jamaica, Suriname and Trinidad and Tobago; a representative each from the University of the West Indies, the Caribbean Development Bank and the Eastern Caribbean Central Bank; the Chief Executive Officer of the Caribbean Association of Indigenous Banks; and Professors Havelot Brewster and Norman Girvan. 

The Task Force was established under the leadership of the Prime Minister of Barbados at the Twenty-Seventh Meeting of the Conference of Heads of Government of CARICOM held in St. Kitts and Nevis in July 2006.

The Resource Mobilisation Task Force’s next meeting is scheduled for mid-March.

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