The Economic Development Board. Who is the Economic Development Board (EDB)?  EDB appointed by the Government in 2011  Advises the: Minister of Planning.

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Presentation transcript:

The Economic Development Board

Who is the Economic Development Board (EDB)?  EDB appointed by the Government in 2011  Advises the: Minister of Planning and the Economy Ministerial Council for the Economy (Chaired by the Prime Minister)  Role: Reshaping the strategies for economic development by: - facilitating diversification - creating a diversified economy - creating long-term sustainable development

Vision, Mission, Values  Vision - Developing a happier, healthier and wealthier Trinidad and Tobago for the long term  Mission - leverage our natural resources and geographic position to develop our economy by creating added value technology driven industries and services  Values - consider all of our people ‘inclusive society’ - sociological considerations equal to economic considerations - honesty and objectiveness - good governance - proud to be ‘Trinbagonian’

Board’s Mandate  Play an advisory role at the National Innovation System and Policy  Consult with communities and stakeholder advisory councils  Identify new areas of investment  Analyse the performance of emerging sectors in the economy and make recommendations  Continuously monitor and assess the business environment  Advise the Ministry of Planning and the Economy in the preparation of an Annual Performance Report

Board Members Dr. Thackwray Driver – Chairman Mr. Bruce Mackenzie Mr. Ian De Souza Mrs. Gail Sooknarine- Ragoo Mr. Kazim Boodoo Mr. Aiyegoro Ome Mr. Maurice Suite Mr. Peter Mitchell

 Exploring and pursuing selected initiatives in alternative energy  Identifying those sectors in our national economy and the technologies that Trinidad and Tobago could exploit over the next fifteen to twenty years, in the creation of a sustainable economy  Developing new socio-economic spaces in five regions of Trinidad and Tobago East Port of Spain Central (4C’s) South West Peninsular North Coast North East Coast of Tobago Main Activities (1 of 2)

Main Activities (2 of 2)  Consulting with stakeholders and wider society CSO’s Private Sector Public Sector on key decisions in the development agenda  Support the Ministry of Planning and the Economy in developing a National Innovation Policy  Collaborate with the Council for Competitiveness and Innovation to improve global competitiveness and support an investment strategy for diversification

Organisational Structure MINISTER Ministry of Planning and the Economy Economic Development Board Civil Society Board