: 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.

1. Regional Strategy for Investments in
Agriculture
Presented by Allister Glean
14th September, 2017

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. 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. 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. 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. 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. 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. 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. 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. 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