A special event will happen on the Hyatt Regency Hotel in Trinidad and Tobago from Monday to Friday of next week (November 8 – 11). This, special event, is dubbed ‘A New Period of Transformation for the Region’ and is all in regards to the Caribbean Investment Forum specializing in constructing a better, greener Caribbean.
It’s an event that seeks to draw over 450 stakeholders. In other words, the Forum is looking for to explore business opportunities across the Caribbean by connecting key regional decision-makers, innovators, and entrepreneurs with the World’s most influential investors.
We give two thumbs as much as this initiative. Not only is that this needed within the region as such an initiative can go a great distance in rejuvenating, resuscitating a Caribbean economy that’s a lot in need of a giant jolt of fresh air because it continues to grapple with COVID-19 and the problems surrounding the wars and rumours of wars ravaging the world today.
The Caribbean brand has been built on its vacation appeals which alone is just not enough to create a cushty living for its roughly 44 million (World Atlas, Worldometers) and growing inhabitants.
Yes, the region has long held an identity as a tourism destination, but that by no means means it cannot diversify and be known worldwide for something aside from its white sand beaches, cruise ships, Pina Coladas, reggae and dance hall music, calypso and soca music, steel pan music, beautiful wedding backdrops, etc.
Sustainability is the important thing word here and some other thing that might hold and sustain the Caribbean economy, breathe greater life into it and make it greater than the playground of the rich have to be something all political leaders throughout the Caribbean should go for.
The sustainable development of island economies ought to be on the forefront of all Caribbean governments hence the necessity for them to be sure that this upcoming investment forum rocks, not only by having the event but by ensuring that the top goals of the event are met.
Investment opportunities are all around the Caribbean and what higher option to discover these opportunities than by Caribbean people themselves. Developing Caribbean brand assets beyond the travel brand augurs well for the Caribbean in light of an attack on the travel industry as COVID-19 showed in 2020 and up till now.
The Caribbean is ripe for that form of investment forum because it has yet to completely tap into its renewable energy potential, its agricultural potential and even pharmaceutical potential with its big selection of medical herbs.
The trick, as we see it, is to rework the high-level discussion that this investment forum will generate right into a vehicle which is able to grow or be the engine of growth and development for the economies of the Caribbean.
The Caribbean economy, identical to the worldwide economy, is beginning to emerge from what might be described as a profound economic and financial crisis. The Caribbean now faces a really different global investment landscape, due to this fact, the upcoming investment forum in Trinidad should provide some crucial answers on how investors in developing countries can face this new landscape.
We hope that the forum can bring in regards to the development the Caribbean is so desperately in need of and that each private and non-private actors be sure that economic development meets the challenge set by the UN Millennium Development Goals, namely bringing the underside thousands and thousands out of maximum poverty.
In spite of everything, we might be spinning top in mud if participants on the forum resolved to make sure greater sustainable investments in the rich. True sustainable investment ought to be within the poor, for the poor and with the poor.