By World Bank
The most goal of this document is to assist policymakers within the Caribbean layout an time table of coverage activities to speed up exchange integration and progress, and to minimize poverty. each one a part of the file specializes in a key query and gives an in-depth research of the problems raised, laying the rules for coverage concepts defined within the final bankruptcy of the file. half I asks no matter if the Caribbean's monetary and exchange method are sound sufficient to maintain the recent period of its worldwide alternate kinfolk. half II addresses the possibilities and demanding situations that the hot exchange setting bargains to the Caribbean. half III assesses the effect of the recently-negotiated fiscal Partnership contract on progress and poverty relief utilizing varieties of macroeconomic versions. The record concludes with coverage priorities for accelerating Caribbean integration into the area economic climate and for reaping some great benefits of worldwide pageant.
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Extra resources for Accelerating Trade and Integration in the Caribbean: Policy Options for Sustained Growth, Job Creation, and Poverty Reduction (World Bank Country Study)
Member States would contribute $120 million of the Fund through a formula that would take into account size, per capita income and other minor indices. The remainder of the funds would come from contributions by development partners. Disadvantaged countries will be the main targets of the Fund and which could receive allocations from the Fund in the forms of loans, grants and interest subsidy grants. qxd:WB_CaribeTradeCS FM 6/16/09 4:00 PM Page xli Executive Summary xli ■ The Project Fund Development Unit.
Under the Cotonou Agreement the EU and the ACP countries are committed to negotiating Economic Partnership Agreements (EPAs). The objective of these EPAs is to facilitate the integration of the ACP countries into the world economy. Specifically, it is intended that this will be achieved through: the EPAs fostering and supporting greater regional integration, allowing a flexible liberalization of trade in goods and services, building up institutional capacities and the establishment of simple and transparent rules for business, and via development assistance provisions.
Various policy simulations are conducted which provide policymakers of the Caribbean with a broad range of policy actions. qxd:WB_CaribeTradeCS FM xxxiv 6/16/09 4:00 PM Page xxxiv Executive Summary knowledge—thorough quantitative analysis of the potential implications of “aid for trade” for the Caribbean region. Certain aspects of trade and competitiveness have been omitted or not sufficiently developed in the report due to the programmatic approach of this trade report. They will be addressed in future work.