Development Strategy Assessment of the Eastern Caribbean
Eastern Caribbean countries enjoy rich natural endowments and have achieved significant
economic development. Throughout the last decades, they have also been confronted
with a number of rising economic, social and environmental challenges. To help them
tackle these, and accelerate their development, the Organisation of Eastern Caribbean
States (OECS) and the OECD have jointly designed a regional strategy scorecard, which
is at the heart of the Development Strategy Assessment of the Eastern Caribbean.
The scorecard will help policy makers set priorities for the implementation of the
OECS Development Strategy. Stronger resilience and capacity are the major guideposts
towards both economic growth and social progress. The region can make much more of
its green potential, with power generation topping the list. Improving regulation
and reducing red tape can foster new, homegrown economic dynamism. Tourism, digital
services and the sustainable ocean economy also offer untapped potential. Closing
the skills gap, enhancing the quality of education and improving social protection
are essential. Finally, as a red thread throughout, deeper regional integration would
make it easier for OECS countries to pool resources in a range of areas, radically
increasing the region’s potential for efficient governance, and accelerating the development
of its human resources.
Available from October 07, 2022
In series:OECD Development Pathwaysview more titles