Presentation made by Lisa Harding, Investment Officer, Private Sector Development Unit, CDB at the Cultural Policy and Intellectual Property Rights Workshop

1. The Caribbean
Development Bank:
Investing in the Cultural
and Creative Industries
Ms. Lisa M. Harding
Cultural Policy and Intellectual Property Rights Workshop
University of the West Indies
Cave Hill Campus
Sunday, August 20th, 2017

2. Current
situation:
Low growth,
high debt
trap
(6)
(4)
(2)
0
2
4
6
8
10
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Growth(%)
Real GDP growth
2006 to 2016
Emerging market and developing economies
CDB BMCs
Other Small States
145.3
120.3
93.6
90.0
89.2
87.7
85.0
81.1
67.2
65.9
56.6
52.0
46.4
44.3
33.6
0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0
BAR
JAM
ANT
BZE
GRE
DOM
SVG
SLU
SKN
BAH
TT
SUR
GUY
ANG
HAI
Debt to GDP (%)
2016 2015
Source: WEO 2017; Country authorities; CDB 2017 Source: WEO 2017; Country authorities; CDB 2017

3. Why Invest
in Cultural
Industries?
Cultural and Creative Industries
• contribute to poverty alleviation and reduction
• promotes economic diversification
• contributes to youth employment
• creates opportunity for women inclusion in the
labour force
• supports regional cooperation and integration
Creativity is an inexhaustible resource

4. Our
Approach
• Investment in infrastructure
• Capacity building of MSMEs
• Supporting clusters
• Stimulating regional integration
• Promoting ICTs as drivers of
development
• Increasing access to finance

5. Infrastructure
Tourism
Infrastructure:
• Roads
• Trails
• Facilities

6. Building
Capacity of
MSMEs

7. Facilitating
Increased
Economic
Participation
by Indigenous
Communities
Support provided
to facilitate the
Carib Community’s
Contribution to
Suriname’s
Tourism Product

8. Supporting
Women in
CIs
Women in Music Workshop

9. Promoting
CIs using
ICTs

10. Promoting
CIs using
ICTs

11. World Bank
and CDB
together for
Digital Jam
3.0
“Caribbean
edition”
OVERVIEW OF RESULTS OF THE
COLLABORATION
• 180 concepts from the region. Participants
from Jamaica, Barbados, Trinidad and
Tobago, Antigua and Barbuda, Haiti,
Suriname, Saint Kitts and Nevis and
Dominica – winners also from Barbados and
Dominica;
• Strong synergy with the OECS – Export
Development Unit;
• CrimeBot and Route876 agreement with
Microsoft to bring their products to market;
• The Banana Bill game app has been
released on Google Play store;
• More than 100 people employed by the 2
main platforms used for online training -
Mobileworks and Crowdflowers;
• Oasis 500 investing in MedRevu and
AgroCentral and investing for Startup
Jamaica;
• First Angel Jamaica launched to invest in
young Caribbean entrepreneurs;
• 20 teams entered the EPIC virtual
incubator established by InfoDev;
• More than 10,000 likes on the Digital Jam
Facebook page.

12. Support for
the
digitization
of
Caribbean
music

13. Support for
the Region’s
first online
incubator and
accelerator
programme

14. Building the
Ecosystem
Technical Assistance
– Feasibility Study for the establishment of a
Caribbean CIs Management Unit within
Caribbean Export Development Agency

15. Cultural and
Creative
Industries
Innovation
Fund
– Component I: Grant funding to support the
enabling environment for the development
of the CIs sector
– Component II: Grant funding to support
enhanced data collection and market
intelligence
– Component III: Grant funding to support
MSMEs in the CIs sector in CDB’s BMC
(clusters)

16. CIIF
Targeted
Beneficiaries
Music, including production, distribution, sales
and events.
Audio-visual, film, interactive media, animation,
gaming/digital – including production, distribution,
sales, licensing, software, festivals and events
Fashion, and contemporary design – including
design, manufacture, distribution, sales, and
events.
Festivals and carnivals

17. Leveraging
partnerships
• CDB works with MDBs and others to support
the CI sector
• Experts meet at IDB for first MDB working
group on Cultural and Creative Industries

18. Thank you!