Strengthened cooperation between WAIPA and CAIPA

IPA representatives from CAIPA member states Barbados, Belize, Curacao, Dominica, the Dominican Republic, Grenada, Haiti, Jamaica, Saint Lucia, St. Vincent and the Grenadines, Suriname and the Turks and Caicos came together in Curacao on 7-8 June 2016 for the Annual General meeting of the Caribbean Association of Investment Promotion Agencies (CAIPA).

Outgoing President Mr. McHale Andrew (who is also the CEO of Invest Saint Lucia) in his opening remarks noted the continued importance and relevance of Caribbean investment promotion agencies (IPAs) to the region’s economic development and encouraged members to persevere despite the continued challenges of declining budgets and governmental changes that often adversely affect the continuity of investment promotion programs.

Ismail Ersahin, Executive Director of the World Association of Investment Promotion Agencies (WAIPA) stated that WAIPA is working hand in hand with Consultative Committee Members to create more value for IPAs and to make the world to understand that “IPAs does matter”. IPA’s do not only create jobs but can act as a bridge between private sector and government to bring about a more inclusive investment environment. WAIPA stands firmly behind its members and support their efforts to position themselves as essential for FDI promotion towards their respective governments.

The CAIPA Annual Meeting 2016 saw the members making a special commitment to collaborating with WAIPA in a meaningful way with an agreed work program that will draw on WAIPA’s experience and knowledge of good practices in investment promotion. To solidify the cooperation, CAIPA is becoming an associate member of WAIPA.

WAIPA congratulates the newly elected CAIPA President, Ms. Diane Edwards of JAMPRO, Ms. Racquel Moses of invesTT, who will serve as the 1st Vice President, Ms. Bernadette Ambrose-Black, 2nd Vice President, while the 4 Directors are: Mr. Ramon Koffijberg of CINEX, Ms. Rhoda Joseph of Invest Dominica Authority, Mr. Owen Verwey of GO-INVEST and Mr. Ronald Theodore of the Grenada Industrial Development Corporation. WAIPA looks forward to further cooperation with CAIPA.

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