President of the CTO calls for greater investment in the Caribbean

Kenneth Bryan, President of the Caribbean Tourism Organization and Minister of Tourism of the Cayman Islands, spoke of the immense investment potential of the Caribbean region that attracts investors from around the world

(Source: CTO)

Speaking at the inaugural US-Caribbean Investment Forum at the Marriott Marquis in New York, representing 25 Caribbean nations and territories, Minister Bryan shared that the region has long been admired for its pristine beaches, Crystal clear waters, vibrant cultures and warm people, making it an exceptional option for investment. 

As the fastest growing region for tourism, the Caribbean also faces unique challenges, such as vulnerability to climate change, dependence on imported fossil fuels, and the need for inclusive economic growth. He noted that it is the responsibility of governments to pursue sustainable investment and innovation. 

Supporting this call to action, Minister Bryan commented: “Today's travelers are increasingly environmentally conscious and actively seek out destinations and properties that embrace sustainability and environmental friendliness. Therefore, sustainable tourism is not just a buzzword; It is a commitment that Caribbean leaders are taking seriously.”

Minister Bryan encouraged investors in attendance to be part of the sustainable tourism development movement through projects that adopt environmentally responsible practices, such as energy efficient designs, waste reduction and responsible water management. 

The Caribbean leader reported that sustainable tourism and renewable energy are two sectors at the forefront of growth and was encouraged by the fact that G20 leaders recently committed to increasing financing for these and other sustainable development goals.

"As Caribbean leaders, while we welcome foreign direct investment, we remain committed to ensuring that investments in our tourism industries benefit local people and create positive social impact," he added.

Sustainable tourism goes beyond greener initiatives and should also contribute to the local economy, which supports Caribbean culture and traditions. It also provides a unique selling proposition in line with the recognition that countries should focus on attracting foreign direct investment in sectors that promote their national development objectives.    

Minister Bryan concluded with an invitation to investors to be part of the Caribbean story of economic growth, community empowerment, sustainability and unforgettable travel experiences in the region.

The United States-Caribbean Investment Forum, organized by the Caribbean Association of Investment Promotion Agencies (CAIPA), is a key event for investors, entrepreneurs and stakeholders seeking to capitalize on opportunities within the Caribbean region.

The theme of the two-day forum is “Partnership for Sustainable Development in the Caribbean.”

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