SVG to benefit from the Caribbean Digital Transformation Project

The Eastern Caribbean Central Bank has collaborated with the World Bank to formulate a program with will lead to the digital transformation of four Eastern Caribbean countries including St Vincent.

The ECCB is a strong advocate for a vibrant digital economy within the Eastern Caribbean Currency Union (ECCU).

The programme aims to strengthen the digital economy in the Eastern Caribbean Currency Union (ECCU), support regional collaboration to create common standards, regulations, policies and shared public investments and create economies of scale. It is also expected to ease access to new markets and make the region a more attractive digital investment destination.

Three main components to this programme.

You have the digital ecosystem which speaks to telecommunications, cyber-security and financial services. The second component looks at the digital infrastructure.

This speaks to how you modernize the government, and so for this project we will be looking at the various gaps in our digital framework.

And finally, you have the digital skills and entrepreneurship where we will be up-skilling the population as well as assisting the private sector in adopting new technologies that will assist them in their business processes.”

This phase of the Caribbean Digital Transformation Programme covers four countries including Grenada, St. Vincent and the Grenadines, Dominica and St. Lucia. The World Bank team interacted with multiple stakeholders from both the private and public sectors.

Implementation of the programme will be at both the country level and regional level. The ECCB is designated as the lead regional agency. Other regional partners include the OECS Commission and Eastern Caribbean Telecommunication Authority (ECTEL) with advisory support from Caribbean Telecommunications Union (CTU).

SVG to benefit from the Caribbean Digital Transformation Project

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