Business View Caribbean | November 2019

8 BUSINESS VIEW CARIBBEAN NOVEMBER 2019 he said. To this end, he recommended some key areas which could be enhanced by employing digital technology, including the domestic payment systems and data collection. The CDB head also called for the private sector to be more involved in shaping the direction of the IBFS, advising that the private sector had a role to play in policy and strategy development. “There is untapped potential in the Caribbean for sustainable and inclusive growth through greater private sector involvement. The engagement of the various private sector actors is not limited to the provision of financing. Rather, the private sector brings to the table valuable knowledge and insights that can help shape better policies and build proactive strategies based on regional and international exposure and experience.” benefits for the Caribbean’s IBFS sector. “Digital transformation is the new nexus for growth and development….Barbados must adopt the technology of tomorrow– today. We are already seeing the efforts in this light with the modernization of public sector service delivery,” Since 2010, developing countries have accounted for a larger intake of foreign direct investments than their more established counterparts