The Council for Finance and Planning (COFAP) will review the status of the Caricom Single Economy (CSE), the proposed Regional Development Agency (RDA) and the Caricom Development Fund (CDF) at a meeting which convenes tomorrow in The Bahamas.
According to the Caricom Secretariat the 12th Meeting of the COFAP is the penultimate in a series of Caribbean Community meetings being held in Nassau during the week. As regard the CSE, the framework of which is to be in place this year, COFAP is expected to consider the performance and convergence of Caricom economies as well as the status of inter-connectivity of the Stock Exchanges in the Community.
The establishment of the RDA and the launch of the CDF will be discussed under the broad heading of Reduc-ing Disparities in the Single Economic Space. It is required to attract investment, assist industries to become efficient and competitive, promote structural diversification and infrastructure development. The CDF is needed to provide financial and technical assistance to disadvantaged countries, regions and sectors. The meeting is also expected to discuss the financial and developmental implications of the EPA.
Additionally, the Caribbean Hotel Associa-tion will brief the meeting on the establishment of a Tourism Investment Fund, while the Caribbean Catastrophe Risk Insurance Facility will report on its operations.
