Fundamentals of local economic development seminar

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Fundamentals of local economic development seminar

The Caribbean Local Economic Development (CARILED) project continues to fulfil its mandate by hosting local economic development (LED) workshops throughout the Caribbean in the seven countries in which it operates, by organising a two-day workshop on the theme, ‘The fundamentals of local economic development’.

Participants included government officials, constituency council members, local government officers, key members of the local multi-stakeholder mechanism, and local economic development officers and CARILED staff.

The workshop took place in Saint Lucia on November 4 and 5 at the Royal Saint Lucia Beach Resort & Spa. It focused on increasing participants’ understanding of LED and emphasising their role in enabling the process. Understanding the local economy was stressed as being an important condition in the process of facilitating a business-friendly environment.

Other key aspects of the LED process highlighted included development of local community economic profiles. Participating stakeholders recommitted to continue working together to promote LED, not only through the CARILED project at the two existing demonstration sites (Gros Islet and Soufriere) but also to share best practices with other communities.

The ultimate goal of the CARILED project is to contribute to job creation, livelihood development and wealth generation in local communities by supporting LED initiatives that focus on women-led private enterprises and young entrepreneurs. It also aims at strengthening local government capacities to facilitate local economic growth by empowering local community organisations and civil society groups to harness and develop resources within their communities.

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