Denzil Douglas highlights challenges of SIDS in global FDI market during CIF 2023

Denzil Douglas has participated in the Caribbean Investment Forum (CIF2023) which has taken place in Nassau, Bahamas, from October 23 to 25, 2023

Denzil Douglas highlights challenges of SIDS in global FDI market during CIF 2023
Denzil Douglas highlights challenges of SIDS in global FDI market during CIF 2023

St Kitts and Nevis: Denzil Douglas- Minister of Foreign Affairs and Economic Development and Investment of St Kitts and Nevis, highlighted the uniqueness and challenges of Small Islands Developing States in the global FDI market during the CIF 2023.

Denzil Douglas has participated in the Caribbean Investment Forum (CIF2023) which has taken place in Nassau, Bahamas, from October 23 to 25, 2023.

During his address at the forum, he emphasized the need for closer collaboration along with the need for greater investment in the region’s human capital in its approach to attracting a greater share of the global FDI.

Minister Douglas also highlighted some of the successful policies and initiatives that contributed to a significant increase in FDI inflows into St Kitts and Nevis. He said that as the country successfully transitioned from a sugar-based economy to one now underpinned by tourism, services, ICT, and the country’s CBI programme.

The 2023 Forum is a high-level investment attraction platform designed to give investors from all corners of the globe the opportunity to explore the range of bankable investment projects available across the Caribbean.

Over the three days of the conference, more than 600 delegates are expected to hear from industry experts, key decision-makers and stakeholders on opportunities available in key sectors as the Caribbean transitions to a Green-er, Smart-er regions such as Agri-Tech: Renewable Energy, ICT, FinTech and Digital Business; Infrastructure and more.

Further, he also revealed foreign investment initiatives of St Kitts and Nevis and said that they are working efficiently for a greener future.

CIF 2023

The Caribbean Investment Forum 2023 served as the tranformative platform to discuss the ideas for a sustainable future. The form featured a productive discussion on the matters which can shape the great future of the trade and investment of the Caribbean. It has also featured key leaders, innovative presentations and a vision for a bold new Caribbean.