Greater involvement from the private sector will be needed to help turn around Caribbean economies.
And president of the Caribbean Development Bank (CDB), Dr Hyginus “Gene” Leon, believes that with more collaboration between government and the private sector, that can be achieved.
“We do not have a sufficiently vibrant private sector that’s driving the region yet. So I think that would be one repositioning, pivoting point that I think the bank should look at closely.
“It’s important because it is not so much about government directing, neither is it about the private sector doing it alone but the point is to build that consensus across society beyond the political, beyond the private sector and the general public. He said the bank could help by being an incubator and help facilitate more innovation.