Intervention:
Caribbean Association of Investment Promotion Agencies (CAIPA): Resolving insolvencies in CARIFORUM countries
Objective
Resolving insolvency is an area where many of the 15 CARIFORUM countries have received low ratings in the World Bank’s Doing Business reports. Therefore, the Caribbean Association of Investment Promotion Agencies (CAIPA) asked the ICR Facility to provide technical assistance aimed at improving the process of resolving insolvencies in the region.
Description
The ICR Facility commissioned an insolvency expert to review the region’s insolvency systems. To ensure the findings are robust, key stakeholders were interviewed and the legal frameworks of the region were assessed.
Results
A state-of-the-art report is now publicly available reviewing the region’s insolvency processes. It identifies and addresses the most significant country-level deficiencies, broader regional patterns and important gaps in institutional capacity with suggestions for improvement. It was discussed in a regional validation workshop and can now serve as a good basis for national authorities to improve insolvency procedures in the region. See blog post and final report for detailed findings.
Further Information and Links:
Caribbean Association of Investment Promotion Agencies (CAIPA)
Project deliverables:
