For just under forty years Caribbean Central American Action (CCAA) has worked with the region in Washington to promote private sector led growth, successfully finding ways to help Caribbean governments and business leaders engage with and influence the thinking of US administrations.
Now according to an announcement made on October 5th, its Board has confirmed an earlier decision of its Trustees that the organisation, a not-for-profit, is no longer sustainable.
CCAA’s closure comes at a time when corporate funding from both the US and the Caribbean Basin has been increasingly hard to generate, in part, its leadership believes, because for the last decade there has been a mistaken sense “that the job has been done.” It also reflects the fact that many of the heaviest corporate hitters in the region and the US have, for a variety of reasons, altered their strategies and priorities, realigning with organisations more closely targeted to their specific needs.
