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OECS Moves Toward Private Sector Partnership for Regional Development

by: - July 30, 2020
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Dr Didacus Jules (Director-General of the Organization of Eastern Caribbean States)

 

Director-General of the Organization of Eastern Caribbean States (OECS), Dr Didacus Jules agrees that the region would benefit from partnerships with the private sector.

Dr Jules cited an opinion piece written by diplomatic and academic, Sir Ronald Sanders who currently serves as Antigua’s Ambassador to the United States and High Commissioner to Canada.

Dr Jules believes that a new development model as proposed by Sir Sanders would mean great things for the Eastern Caribbean.

“In that article, he is saying the old dichotomy is between the state and the private sector, government and civil society has to change; we can only win this together.”

He added, “We look at a development model which does not just stand only on reliance on government or on reliance on the private sector or civil society but which forges a new type of partnership that can ensure that we move this thing forward together.”

Dr Jules was speaking at an event which highlighted the development contributions of Digicel St Lucia and Massy stores St Lucia and Saint Vincent. Both organisations contributed US $100,000 to the region’s Covid19  fight.

He spoke of the upcoming Sustainable Development Movement Summit scheduled for September. The Commission says it is venturing on a journey of channeling investments and to act as a pivot to showcase some of the Caribbean’s high-growth potential firms.The Republic Bank Ltd responded by investing USD 100,000 in an OECS business model competition and other investors are being invited.

“It involves really big names internationally in investment in order to help galvanize the development of the region because Covid has thrown us back 30 years back in our fight against poverty and on many development fronts. The private sector is often left out of that discourse.

“It is imperative in shaping the way forward post Covid,” Dr Jules said stressing that this model is the way of the future.