2ND May, 2018
BASSETERRE, St. Kitts, (KYSS FM) – St. Kitts and Nevis’ Leader of Opposition and former Prime Minister the Right Hon. Dr. Denzil L. Douglas, congratulated Commonwealth Secretary General, Her Excellency Baroness Patricia Janet Scotland of Asthal PC QC, for the implementation of the Commonwealth Innovation Hub Websites.
Dr. Douglas extended these remarks during a courtesy call by Her Excellency Baroness Scotland on Tuesday .
“This is a very important development which not only brings information to the government and opposition, but also the people of the 53-member Commonwealth,” said Dr. Douglas, who went on to say, “It brings Small Island Developing States within the Commonwealth on par with developed countries. It provides an opportunity its role in the sustainable future of the Commonwealth.”
Baroness Scotland who introduced Dr. Douglas to the Commonwealth Innovation Hub Websites said it was also important that opposition parties in the Commonwealth can also work together on their own strategies.
The Hub provides the opportunity for countries to showcase what they have to offer in terms of ideas, knowledge, and expertise with the Commonwealth and the wider world.
It is available on the Commonwealth’s website under the category “Hot Topics.”
Baroness Scotland also informed Dr. Douglas and Sen. the Hon. Nigel Carty that the Commonwealth Secretariat has also partnered with the Global Innovation Fund (GIF) to promote innovation that can accelerate inclusive and equitable socio-economic development across the Commonwealth.
According to the website, an understanding has been signed between the two organisations to collaborate and mobilise resources to this end.
The two entities will work together to establish the Commonwealth Innovation Fund (CIF), which proposes to use the GIF’s existing due-diligence processes for sourcing, evaluating and investing to generate a high-quality portfolio of enterprises that are aligned with the Commonwealth Secretariat’s priorities.
The GIF will manage the Fund and its investments, while the Commonwealth Secretariat and CIF donors will play an active role in the governance of the Fund.
Further, the CIF will deploy grant, equity, and debt investments to support innovators across the Commonwealth to accelerate development, testing and scaling up of evidence-based and market-tested.