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Ministers Discuss Foreign Direct Investment, Tourism, Exports at 2016 Caribbean Investment Summit

MIAMI, Florida, USA (FNN NEWS) – The Inter-American Development Bank (IDB), the Caribbean Association of Investment Promotion Agencies (CAIPA), and the Caribbean Export Development Agency (CEDA) held the 2016 Caribbean Investment Summit to increase foreign direct investment (FDI) by helping investors locate to the Caribbean to boost their exports to different markets and make the most of the region’s comparative advantages.

Foreign government ministers, investment promotion agencies, and potential investors were at the Miami Marriott Biscayne Bay in Downtown Miami, Florida on May 12 and 13 to discuss a range of policy and program options to enable Caribbean countries to attract FDI and to maximize its impact on economic development and job creation in the context of the current economic downturn.

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Pamela Coke-Hamilton, Executive Director of the Caribbean Export Development Agency addressed foreign goverment ministers and investors at the 2016 Caribbean Investment Summit in Miami, Wednesday, May 12, 2016. Photo by Willie David/Florida National News

The event included the Regional Policy Dialogue on May 12, in which attendees were able to analyze good international practices, hear opinions from the private sector, and devise a series of actions to implement at the national and regional levels.

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Day 2 of the 2016 Caribbean Investment Summit in Miami. Photo by Mellissa Thomas/Florida National News

The May 13 meetings provided a space for public–private dialogue of the highest level, the Americas Business Dialogue, in order to work with the business community on a shared development agenda for the Caribbean. Approximately 150 investors attend workshops in the tourism, renewable energies, logistics, and service subcontracting sectors.

The summit held an award ceremony for the Regional Investor of the Year prize, in recognition of success stories in the Caribbean. The event was co-organized and financed by the IDB as part of the Regional Public Goods Initiative.

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