Canada helps increase economic opportunity and strengthen institutions in the Caribbean
August 2, 2014 – Toronto, Ontario – Foreign Affairs, Trade and Development Canada
Today, the Honourable Joe Oliver, Minister of Finance, announced on behalf of the Honourable Christian Paradis, Minister of International Development and La Francophonie, Canadian funding to enhance public financial management in the Caribbean and to provide technical assistance to Caribbean countries that want to strengthen their public finances. Minister Oliver made the announcement during the Caribana Toronto Festival.
The funding announced today will improve the capacity of national institutions to better manage public finances. The initiative will be implemented through the International Monetary Fund (IMF), which will work with governments to provide short-, medium- and long-term advice and training that would respond to difficult financial situations, such as recessions.
“This project is a special technical assistance fund for Caribbean countries facing economic challenges,” said Minister Oliver. “I am proud that Canada promotes solid public financial management and helps stimulate economic prosperity, thus reducing poverty in the Caribbean.”
“Canada is committed to helping strengthen the capacity of Caribbean countries to create and maintain the conditions for a dynamic, transparent and rules-based commercial and investment environment, which will help the region prosper going forward,” said Minister Paradis. “Canada shares the Caribbean’s vision of healthy and prosperous families, strong economies and increased opportunities for its citizens.”
Sandrine Périon
Press Secretary
Office of the Minister of International Development and La Francophonie
343-203-6238
sandrine.perion@international.gc.ca
Media Relations Office
Foreign Affairs, Trade and Development Canada
343-203-7700
media@international.gc.ca
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