CDB, OECS & World Bank two-day procurement fair in Saint Lucia on September 4 & 5 drew over 600 suppliers, contractors & consultants to explore procurement opportunities linked to projects funded by them

The Caribbean Development Bank (CDB), in collaboration with the Organisation of Eastern Caribbean States Commission (OECS) and the World Bank, hosted a two-day procurement fair in Saint Lucia on September 4-5. The event, known as the CDB, OECS, and WB Procurement Fair, drew over 600 suppliers, contractors, and consultants from across the region to explore and capitalize on procurement opportunities linked to projects funded by these organizations.
 
Doug Fraser, Head of Procurement at CDB, underscored the significance of this collaborative effort, stating, “The Bank recognizes the crucial role that the private sector plays in providing goods, works, and services to the projects we finance to help our clients achieve their development outcomes. Without suppliers, contractors, and consultants, none of our projects would be possible. Our engagement here with both the private and public sectors provides solutions and innovations that are essential for driving Caribbean economic development and reducing poverty.”
 
Government procurement is a major component of the Caribbean economy, contributing significantly to the region's Gross Domestic Product (GDP). Enhancing procurement processes can optimize resource use, stimulate private sector growth, and foster more inclusive economies.