Sound business ideas needed for improved market fortunes – CDB Director of Economics

Both governments and the private sector in the Caribbean need to raise their all-round ‘game’ in terms of significantly improving the environment within which businesses operate if what the region offers to the international market is to become more globally competitive, according to a senior Caribbean Development Bank (CDB) official. The CDB’s Director of Economics, Ian Durant, has expressed concern that while there is much evidence in the region of sound business ideas, particularly in the agro processing sector, business enterprises in the region have realized a smaller measure of success in offering goods at competitive prices which, simultaneously, fails to reach the quality standards demanded by international markets.