The US Trade and Development Agency (USTDA) yesterday (March 4th)launched the Caribbean Regional Energy Procurement Assistance Program to support the development of high-quality energy infrastructure in eight Caribbean countries.
The program is supported by USTDA’s Global Procurement Initiative: Understanding Best Value.
Belize, Dominica, Grenada, Guyana, Jamaica, St Lucia, St Vincent and the Grenadines, and Suriname are the country that will participate in the program.
USTDA said the program will deliver targeted procurement training to officials who manage energy sector investments in these island nations to ensure they receive the best value from their investments.
“The GPI is an innovative and proven tool that has empowered procurement officials around the world to make stronger, value-based decisions and secure a future of high-quality infrastructure,” said Enoh T Ebong, USTDA’s Acting Director, in a statement.
“This cooperation with our Caribbean neighbours will help maximize quality and value in their upcoming energy investments, which is crucial to economic development, access to power, environmental sustainability and infrastructure resilience.”
Under the program, USTDA will lead training and study tours both virtually and in the United States on international public procurement best practices and the integration of best value methodologies.
Training will be carried out in coordination with US expert practitioners with extensive procurement experience in government, the private sector and higher education.
Additionally, USTDA will host a high-level virtual forum on achieving value for money in energy infrastructure for policymakers and procurement decision-makers, with an emphasis on sustainability, development and innovation.