OTTAWA, Canada (CMC) — Canada says it will contribute CA$3 million towards the establishment of a Caribbean Future Skills Fund to help build a workforce that can capitalise on technological innovation and contribute to inclusive and sustainable economies in the Caribbean.

Ottawa said that the move is a continuation of strengthening its partnership with Caribbean Community (Caricom) countries by focusing on tackling the region’s key development challenges through education, technical and vocational training.

“Canada stands with our Caribbean partners in building a resilient and sustainable future for all. The Caribbean Future Skills Fund will contribute to economic development while empowering communities to thrive. Together, we are investing in a brighter future for generations to come,” said Prime Minister Justin Trudeau.

Canada said it supports the vision of Caricom leaders including President Mohamed Irfaan Ali of Guyana, Chair and Prime Minister Dickon Mitchell of Grenada and Prime Minister Mia Mottley of Barbados to create a regional fund that will empower youth from the Caribbean region with valuable skills and viable employment opportunities.

In the initial stages, Canada said it will work with Caribbean government leaders, Caricom institutions, Canadian and Caribbean technical and vocational institutions, and private sector partners to examine feasible options for the fund set-up and delivery.

It said activities would include support for labour market assessments and the establishment of pilot programs.

Canada’s Minister of International Development, Ahmed Hussen, said this development of technical and vocational skills is essential for young people to become active participants in the workforce.

“Through this investment we are helping to create sustainable employment opportunities for them, contributing to the Caribbean region’s economic growth, resilience, and prosperity,” Hussen added.

Prime Minister Mitchell said Canada’s leadership to create a Caribbean Future Skills Fund is a significant step towards building a more resilient youth workforce.

“Together we will empower the people of Grenada and youth from across the Caribbean with the skills needed for present and future employment while addressing brain drain, greater opportunities for women, marginalised and at-risk groups, especially young men,” he said.

President Irfaan Ali said Guyana welcomes news of Canada’s commitment to establish a fund that will unlock new opportunities for youth from the Caribbean and promote inclusive high-quality education and training.

“This partnership reflects our shared vision for long term reliable economic growth and success,” he added.

Barbados Prime Minister Mia Mottley said this partnership with Canada helps unlock the full potential of young people in Barbados.

“By supporting skills development and opportunities for jobs, this initiative will build a stronger and more inclusive economy in the Caribbean region,” she said.