Macro-economic and Sectoral Policy

Government’s specific policy objectives include:
 

	The promotion of balanced and sustained growth with the aim of reducing unemployment and poverty and improving standards of living;
	The acceleration of economic diversification through several initiatives, including promoting Small Enterprise development and facilitating investments in non-tourism services; and
	Improvements to the fiscal and regulatory framework designed to encourage more private sector activity.

The expansion and strengthening of the private sector in general, and the small and micro-enterprise (SME) sub-sector in particular, is considered to be of critical importance to the attainment of these objectives. More specifically, it is argued that increasing opportunities for investment in sound, SMEs can serve to accelerate the process of economic diversification and impact positively on poverty alleviation.

The decision to establish a Centre for Enterprise Development (CED) is seen as an important step in the process of stimulating the expansion of the Private sector to allow it to take a pivotal role in the growth of the National Economy. CED will offer advice and recommendations to Government directed at fine-tuning existing policies and at the formulation of new policies designed to facilitate rapid expansion of the Private sector. CED will also provide a wide range of services to prospective investors and small and micro-business operators; coordinate interventions from several sources; and will generally seek to promote and maintain a climate that is conducive to the growth and development of the sub-sector.

Our Logo

The logo comprises of a map of St. Vincent and the Grenadines with three interlinked cogs in different sizes fitted into St. Vincent. These cogs represent the various sizes of businesses - small, medium and large working together as the engine of the national economy. It also expresses the tripartite co-operation of the public, private sectors and labour working together.  The national colours are used to represent our resources of the sun, sea and land.