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Regional Strategy for Investments in Agriculture


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: Presentación (inglés) de Allister Glean en el marco del Eleventh regional planners forum on agriculture and Symposium on innovation systems for sustainable agriculture and rural development, realizado en Barbados del 13 al 15 de septiembre de 2017.

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Regional Strategy for Investments in Agriculture

  1. 1. Regional Strategy for Investments in Agriculture Presented by Allister Glean 14th September, 2017
  2. 2. At the CWA 2016, a Regional Investment Plan (IP) was presented as part of an overall investment event. The plan was to be refined and implemented post the CWA. Besides the plan, a regional investment strategy was also to be prepared. This strategy was to be addressed with support and guidance by the Caribbean Association of Investment Promotion Agencies (CAIPA). Background
  3. 3. To date, there are ongoing efforts to ensure that attracting investments into the sector are established as a priority among investment promotion and management agencies (IPMAs) across the region. These include: Establishment of an Investment Map, which shows where investments are taking place across the region. Link Caribbean- Facility to link entrepreneurs to private investors in order to raise capital Regional Angel Investor Network (RAIN) Background
  4. 4. The fundamental problem remains the inadequate investment into the sector by both the public and private sector. For the public sector, there may be limited confidence in the benefits to be attained from allocating additional scarce resources to the sector The solution may lie in assessing the social and economic benefits to be attained from such investments In the case of the private sector, there are the various risks association with production and marketing The solution may lie in policy and technical support to reduce the risks Problem
  5. 5. Investment agencies have the responsibility to attract investments. However, across the region generally lack resources to fully support efforts at attracting investment into the sector. They tend to focus on other sectors eg financial services, energy, manufacturing etc Some considerations therefore include: Why a regional strategy?- There are opportunities to be captured as a region eg policy framework for investments into R&D from which all players can benefit. The differentiation between small and large investments Considerations…
  6. 6. The scope of the exercise with respect to attracting investments into the ‘sector’/definition of the sector- There is activity taking place with relation to manufacturing, food service, distribution etc. Linking investments in other sectors to the agribusiness sector- Opportunity to tie hotel investments to attracting additional investments in agribusiness Considerations
  7. 7. In moving forward, there are some questions that should be answered: What strategies are being used at the moment by IPMAs? What mechanisms are required to facilitate investments (Good Investment Climate)? Are there investors? Do we really want investors? There are often objections to investment efforts Pursuing an Investment Strategy…
  8. 8. The work of the Thematic Group to date to assist: Review of the IP Identification of a tool for identification and inventory of data- AIM (Targets can then be established) Engagement of IPMAs Implementation of the management structure for the IP Conduct situational analysis of the existing environment Proposed collaboration between CAIPA and CABA to support development of business plans and packaging of agri related investment opportunities for promotion by IPMAs Pursuing an Investment Strategy…
  9. 9. Other supporting activities: Review of the Business Facilitation studies Review of Adequacy of Market Infrastructure study- Operationalise recommendations through engagements with relevant stakeholders Cost Benefit Analysis and Impact of Compliance and Non- Compliance with SPS Measures Minimising risks- Conduct of Praedial larceny workshops Pursuit of national coordinating mechanisms Pursuing an Investment Strategy…
  10. 10. Funding of the proposed situational analysis by CAIPA/CDB CABA to develop a proposal for approval by the CAIPA President and Caribbean Export on a mechanism for the promotion of the agri-sector. This mechanism will be presented at the meeting of Ministers of Agri. during the period 4-6 October (COTED). A presentation to be made at the CAIPA AGM on 7 Dec. on the proposed collaboration to promote agri-sector Recommendations