Monitoring framework launched by the OECS for its regional development strategy

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Consultation of the ECCB

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The Organization of Eastern Caribbean States (OECS) introduced the OECS Development Dashboard as a tool to help its Member States monitor its development progress in real time, with the aim of advancing the development of the region.

The OECS Development Strategy (ODS) is a product of the OECS Commission and the Eastern Caribbean Central Bank (ECCB) and was initially launched in 2019.

It responds to the main development needs of Eastern Caribbean States by focusing on three pillars: generating economic growth, promoting human and social well-being and using natural resources sustainably.

A monitoring dashboard was launched on June 21 and was developed following the impact of the Covid-19 pandemic, and in recognition of the non-existence of a regional monitoring tool which provides 40 indicators on the three pillars of the ODS, and articulates national ambitions for each indicator.

Chairman of the OECS Economic Affairs Council (EAC0 and Minister in the Ministry of Finance, Economic Development and Youth Economy of Saint Lucia), Wayne Girard, explained the benefits of the dashboard of the ODS.

“ODS was developed in collaboration with OECS Member States to develop a regional strategy to meet national needs and support [OECS] the ability of countries to monitor progress.

Girard also encouraged OECS countries to make full use of the dashboard in the national planning process and to use it to support building national capacity to develop and report the data needed to maintain the dashboard. .

Director of the Economic Affairs and Regional Integration Division of the OECS Commission, Jacqueline Emmanuel Flood, spoke on behalf of OECS Director General Dr. Didacus Jules.

“ODS articulates the ambitions of OECS Member States for economic growth, social development and environmental sustainability. Several consultations were held with many stakeholders, which allowed Member States to articulate their country-specific objectives,” he noted.

Speaking on behalf of ECCB Governor Timothy Antoine, ECCB Deputy Governor Dr Valda Henry said the scorecard would help build accountability, expressing that without accountability there can be no have performance.

She is confident that the dashboard “will help monitor performance and support the implementation of corrective actions where needed.”

Her Excellency Ambassador Malgorzata Wasilewska, Head of the European Union Delegation to Barbados, Eastern Caribbean States, OECS and CARICOM/CARIFORUM, noted that the EU is pleased to have provided its support for the dashboard as it is an essential tool for decision-making. OECS manufacturers.

“Thanks to tools such as the dashboard [OECS Member States] will continue to measure the good work that the OECS has done and continues to do to strengthen regional integration.

The Director of the OECD Development Centre, Mr. Federico Bonaglia (Deputy Director), speaking on behalf of Ms. Ragnheidur Arnadottin, affirmed the usefulness of having a dashboard.

“The regional strategy dashboard would be useful to measure the challenges and [in supporting OECS countries] to respond to [development] Needs.”

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