A team from the World Bank is concluded its first round of consultation towards the development of an OECS Regional Partnership Strategy today in Grenada.
A Partnership Strategy is an essential document of the World Bank Management and the Board of Executive Directors for reviewing and guiding a country’s programs and ultimately, judging the impact of the Bank’s work. The RPS seeks to align the World Bank Group’s support to member countries’ short and medium development priorities.
A statement from the Ministry of Finance said that in the case of the Eastern Caribbean, the strategy being developed is a sub-regional one that will encompass the six independent territories of the OECS as opposed to a single/individual country strategy.
“It is also intended to promote coordination with other development partners. Starting from the region’s vision of its development goals, the Regional Partnership Strategy (RPS) is being prepared in collaboration with the OECS Governments and in consultation with the private sector, civil society, development partners and other stakeholders,” said the statement.
The two day consultation was used as a means for the World Bank to get a clear sense of Government’s priorities, a broad idea of the interests of the various sectors and also some specific projects Grenada would like to have in the pipeline for the period 2015 to 2019.
The Mission comprised a broad World Bank Team which included representatives from each Bank Sector – Sustainable Development, Poverty Reduction and Economic Management, Human Development and Financial and Private Sector. (LS)