Caribbean Circle for Economics of Innovation holds inaugural event in Barbados

(Extreme left in black and white) Dr Nadia Pacquette, McCarthy Marie is in the pink shirt with grey jacket

The Caribbean Circle for Economics of Innovation (CCEI) made history on May 7th, 2024, as it convened its first-ever in-person event in the picturesque setting of Barbados. Bringing together a diverse array of professionals primarily from the field of economics, the gathering marked a significant milestone in the region’s quest for innovative economic development.

While economists formed the backbone of the group, the CCEI proudly boasted representation from various sectors including academia and technical fields such as engineering and agriculture. Notably, two distinguished members from Dominica, economist McCarthy Marie and Dr. Nadia Pacquette, DVM, graced the event with their presence.

Among the highlights of the event was the presentation by McCarthy Marie, who delved into the intricate relationship between agricultural policy and chronic non-communicable diseases, proposing a roadmap for a more health-conscious agricultural sector. Dr. Nadia Pacquette, accompanied by her esteemed team comprising Natalie D’ Oyen and Jason
Rameshwar, shed light on their groundbreaking initiative titled “The Development of a Clearing House and Repository to Coordinate Donor Support for Small-Scale Farming Initiatives.”

Their presentation underscored the importance of coordinated efforts in uplifting small-scale farming ventures across the region. Behind the scenes, the driving force propelling the formation of the CCEI was none other than Compete Caribbean, with invaluable support from prominent entities including the Inter-American Development Bank (IDB), Caribbean Development Bank, UK Aid, and the Government of Canada. This coalition of stakeholders, each with a vested interest in the region’s economic prosperity, epitomizes the collaborative spirit necessary for transformative change.

At its core, the CCEI’s raison d’être is clear: to serve as a catalyst for economic growth and development by championing innovation and fostering a unified voice in the region. Through a cohesive framework and collective action, the group aspires to steer the Caribbean towards a future characterized by resilience, sustainability, and prosperity.

As the inaugural event drew to a close, participants departed with renewed vigour and a shared commitment to advancing the economic landscape of the Caribbean. With the momentum generated by this historic gathering, the Caribbean Circle for Economics of Innovation sets sail on a promising journey towards a brighter and more prosperous future for all.

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