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The Economic Development Board

The Economic Development Board. Who is the Economic Development Board (EDB)?. EDB appointed by the Government in 2011 Advises the: Minister of Planning and Sustainable Development Ministerial Council for the Economy (Chaired by the Prime Minister)

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The Economic Development Board

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  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 Sustainable Development 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. Main Activities 2011-2014 (1 of 2) • 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

  7. Main Activities 2011-2014 (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

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