CDF Annual Report 2013

CARICOM Member States registered relatively sluggish real GDP growth of approximately 1.5 per cent on average in 2013, with several countries implementing deep fiscal and structural adjustments to stabilise their economies and build economic resilience. In this context, the CARICOM Development Fund (CDF) continued to focus its financial and technical resources on programmes aimed at improving the competitiveness of the Less Developed Countries (LDCs) to facilitate their positive integration into the CARICOM Single Market and Economy (CSME). The challenges faced by disadvantaged countries, regions and sectors remain formidable and the CDF is fully committed to working closely with Member States in an efficient, effective and flexible manner to promote meaningful development.