Director of Economics at the Caribbean Development Bank, Ian Durant has encouraged regional governments to be intentional about improving the ecosystem within which businesses operate.
This, he says, will make them more dynamic and internationally competitive.
Mr Durant noted that while there are laudable business ideas being generated, especially for agro-processed products, the ability of firms to achieve competitive prices, meet quality thresholds for market access, and maintain a reliable supply to meet market demand are all dependent on improvements to the current operating environment.
He says sustained growth and improvements in standards of living regionally must be accompanied by high, diverse, prolonged export growth.
Such export growth must be diverse and requires that the private sector operate in an ecosystem that promotes internationally competitive firms.
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