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CDB says regional development affected by inefficient policy implementation

President of the Caribbean Development Bank (CDB) Dr. Warren Smith has said development in the region is being affected by poor rates of implementation of projects and policies.
 
Dr. Smith said in order to make the Caribbean a better place, it is necessary to tackle these challenges, which are ongoing concerns for Caribbean public sector managers.
 
Speaking on Tuesday at the opening of the 2019 Caribbean Forum in Bridgetown, Barbados, Dr. Smith said the inefficiency was undermining the region's capacity to deliver goods and services in a timely manner, and undercutting the ability to compete based on low cost and high quality.
 
Dr. Smith said another problem is the underperformance of public sector investment programmes, with implementation rate below 35% being reported by a number of countries. 


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