Regional Workshop on Public Sector Investment Programme (PSIP)
Basseterre, St Kitts, 25 March 2011
The Eastern Caribbean Central Bank (ECCB) in collaboration with the Caribbean Development Bank (CDB) will host a regional workshop on Public Sector Investment Programme (PSIP) over the period 28 March to 1 April 2011, at the Sir Cecil Jacobs Auditorium, ECCB Headquarters in St Kitts and Nevis.
The objectives of the workshop are to assist member countries of the Eastern Caribbean Currency Union (ECCU) with establishing systems and best practices, as well as developing and fine-tuning their PSIPs. The workshop targets senior personnel in the various government ministries and departments within the Organisation of Eastern Caribbean States (OECS) and the wider CARICOM, responsible for PSIPs and the planning and budgeting of capital projects.
The aim of PSIPs is to stimulate economic activity by providing infrastructural support to private sector investment, thus facilitating long term sustained economic growth. It is recognised that a major gap exists between development planning and implementation of investment programmes and projects. In the case of the Eastern Caribbean Currency Union (ECCU), the PSIP is a major component of the Eight Point Stabilisation and Growth Programme, the strategic policy platform implemented by member countries to address both short term stabilisation challenges, as well as longer term structural growth issues that were exacerbated by the global economic crisis.
Eastern Caribbean Central Bank P O Box 89, Basseterre, St Kitts Contact: Ingrid O