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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 on theme: "The Economic Development Board. Who is the Economic Development Board (EDB)?  EDB appointed by the Government in 2011  Advises the: Minister of Planning."— Presentation transcript:

1 The Economic Development Board

2 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

3 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’

4 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

5 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

6  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)

7 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

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


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