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Since the first Statement of Economic Strategy the government has continued to view the private sector as the engine for development and growth. This SDS again places great emphasis on the importance of developing the private sector. The ultimate goal for stimulating private sector investment is to create employment opportunities in addition to providing goods and services and generating a solid source of government revenue. Promoting private sector investment therefore is a key prerequisite for achieving the national vision of a better quality of life.

Under the provisions of the United Nations Framework Convention on Climate Change (UNFCCC), the signatory countries to the Convention are obligated to make periodic National Communications to the Conference of the Parties. Part of National Communications involves reporting on the country’s vulnerability and capacity to adapt to possible changes in climate. International funding mechanisms, such as the Global Environment Facility (GEF), serve to financially support developing countries in building the capacity to enable them to conduct assessments of climate change vulnerability and adaptation (V&A) assessments as a basis for National Communications.