6.4.5 Pillar 5: Resource Mobilization The intervention areas pertaining to this pillar are: Donor Coordination Public Private Sector Partnerships
6.4.5.1 Donor Coordination It is envisioned that the RCC will develop a regional resource mobilization plan for implementation at the national level. Further, the RCC will engage in donor cultivation and coordinate the S&W sector related donor funded projects, as well as provide briefings to development partners inclusive of governments and private sector when required. It is recommended that the Spa and Wellness Implementation Unit support the RCC in the functions of donor coordination and to particularly give guidance to C-SWA. The SWIU will advise and brief the RCC on specific issues and projects that relevant donor agencies are involved in on a quarterly basis. Additionally, the SWIU will develop a regional resource mobilization plan for approval by the RCC.
6.4.5.2 Public Private Sector Partnerships (PPP) To advance development in the S&W sector, it is recommended that the RCC appoint a technical committee with administrative oversight provided by the SWIU to develop a public private sector investment policy and strategy that details procedures to identify, formulate, appraise and approve PPP projects. In this context, the objectives of this Policy and Strategy are to:
Detail the principles of partnership with private sector for undertaking various projects related to infrastructure as well as public service delivery Define an institutional framework inclusive of investment incentives that is conducive and efficient in handling the PPP projects as well as effective to protect public interest Ensure balance between risk and reward for both the government and private partners while aiming to keep the undertaking attractive for the private sector
This policy requires legislation by national governments for adoption by CARIFORUM Member States aimed at the growth and development of the sector.
38 Caribbean Spa and Wellness Strategy (2014-2018) Prepared by: LCT Consulting & Associates Ltd July 24th 2013