The World Bank has approved a regional Caribbean Digital Transformation Project for a total of US$94 million for four Eastern Caribbean countries: Dominica (US$28m), Grenada (US$8m), St. Lucia (US$20m), St. Vincent and the Grenadines (US$30m), and the OECS Commission (US$8m) to build an inclusive digital economy.
It aims to increase access to digital services, technologies, and skills by governments, businesses, and individuals. Emphasis will be placed on internet penetration and access to digital financial services and public services.
It will also support reforms & regional harmonization of the legal and regulatory environment to promote investment in digital infrastructure, while addressing risks related to cybersecurity and data protection.
Extract from the CARICOM BUSINESS NEWSLETTER Vol 3 No 26
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