OTTAWA, ONTARIO, Feb 10, 2012 (MARKETWIRE via COMTEX) — Today, the Honourable Beverley J. Oda, Minister of International Cooperation, announced Canada’s support for local economic development in the Caribbean. Through a Canadian International Development Agency (CIDA) funded project, the Federation of Canadian Municipalities will assist local Caribbean municipalities build and strengthen their local economies.
The Caribbean Local Economic Development (CARILED) project will help to improve local communities, establish business environments to support small and medium-sized enterprises.
“Canada’s local municipalities not only work to provide Canadians with safe, vibrant and prosperous communities, for 25 years they also shared their expertise with other in developing countries around the world,” said Minister Oda. “Canadians can take pride in the membership of the FCM and in the work they will undertake to help local Caribbean communities strengthen their local economic development and increase business opportunities in 6 different countries.”
The Caribbean Local Economic Development project will support up to 50 local governments and agencies, who, in turn, will reach up to 500 small enterprises in six countries. By working directly with local governments, local authorities, and a wide range of stakeholders, this project will use local resources and create new jobs, stimulating local economic growth.
The announcement took place at the Federation of Canadian Municipalities’ annual Sustainable Communities Conference, with the participation of the FCM President, Berry Vrbanovic, and the High Commissioner of the Bahamas and Dean of the CARICOM Diplomats, His Excellency Michael D. Smith.
“Since 1987, the Federatio
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