Development Policies. (a) The matters addressed by the Development Policies are set out in the list of contents in the Development Policies. These general headings define the scope of the Development Policies.
(b) The scope of the Development Policies may be amended at any time and from time to time by written agreement of the Executive Committee and the Settlement System Administrator.
(c) Any amendment to any of the matters addressed by the Development Policies or any addition or substitution to the Development Policies which does not extend or restrict (other than in a way or to an extent which can reasonably be regarded as de minimis) the scope of the Development Policies may be made at any time and from time to time, and shall be effective if so made, by the Executive Committee after consultation with the Settlement System Administrator unless such matter is one covered by the headings in Schedule 16 in which event such amendment, addition or substitution may be made and shall be effective only by written agreement of the Executive Committee and the Settlement System Administrator.
Development Policies. 13.1 Each Protocol Member State shall participate in the setting of both general and specific developmental objectives which arise from the OECS Development Strategy and OECS Development Charter.
13.2 The general objectives, which cover the five areas identified by the Authority of Heads of Government of the Member States of the Organisation of Eastern Caribbean States under the Treaty of Basseterre 1981 at that Authority’s Special Meeting of October 2002, comprising -
(a) economic transformation;
(b) growth;
(c) employment;
(d) poverty reduction; and
(e) attainment of the appropriate levels measured by Human Development Indices as set by the United Nations; shall be pursued by Protocol Member States in relation to targets to be set by the OECS Authority on an annual basis.
13.3 This pursuit shall be linked to the harmonisation, consistent with the status of an Economic Union, of the following policy programme areas –
(a) fiscal;
(b) monetary;
(c) trade;
(d) international economic relations;
(e) incomes;
(f) structural;
(g) social;
(h) environmental; and
(i) other programme areas as identified by the OECS Authority.
13.4 In further pursuit of these objectives, Protocol Member States agree to co-ordinate policies towards –
(a) the harmonious and optimal development of the following sectors -
(i) agriculture;
(ii) manufacturing;
(iii) tourism;
(iv) services;
(v) construction;
(vi) information and communications technology;
(vii) education; and
(viii) health;
(b) the mobilisation, development and efficient allocation of labour across the Economic Union through education and skill training arrangements, and the creation of an Economic Union wide labour market;
(c) the development, creation and establishment of Research, Development and Management Centres within the Economic Union to facilitate the international competitiveness of industries and firms; and
(d) the development, integration and regulation of money and capital markets within the Economic Union to optimise the mobilisation of savings and their most efficient allocation to the sectors, industries and firms which will facilitate the growth and development of the Economic Union.
Development Policies. Each Protocol Member State shall participate in the setting of both general and specific developmental objectives which arise from the OECS Development Strategy and OECS Development Charter.
Development Policies for the Aviation Sector in Sri Lanka and the Priority of the Project The government of Sri Lanka has aspiration to make Sri Lanka an aviation hub in the South Asia by constructing airport terminals that employ the latest technologies. Sri Lanka's Tourism Development Strategy (2011-2016) aims to achieve four million annual tourists visits by 2020 (1.275 million in 2013) by expanding international air routes and inviting in new airline companies. The project is thus in line with the Sri Lankan government's development policies.
Development Policies for the Haor Area in Bangladesh and the Priority of the Project As the nation's top-ranked development strategy, the 6th Five-Year Plan (2011/2012–2015/2016) defines the Haor area as one requiring special consideration due to poor accessibility and vulnerability to natural disasters, including floods. On the other hand, the area is also identified as a promising one with lots of room for productivity improvements in terms of promoting agricultural and fishing activities. The area is thus targeted for advancement in these areas. The Bangladesh Haor and Wetland Development Board was established as a coordinating institution with the purpose of overcoming the vulnerabilities of the Haor area and promoting comprehensive regional development highlighting the area's potential. In April 2012, the Master Plan of Haor Areas was formulated as a comprehensive development plan for next two decades in the area. The Master Plan identifies flash flood measures, measures to combat wave erosion, drainage improvements, road and river navigation improvements, agricultural and fishery promotions as necessary and highly prioritized. The Haor Flood Management and Livelihood Improvement Project ("this project") will implement these measures as a part of the Master Plan.
Development Policies for the Power Sector in Indonesia and the Priority of the Project With the issuance of Ministerial Regulation on National Energy Policy No.983/2004, the Government of Indonesia aimed to utilize coal as primary energy which is abundant in the country, instead of oil or other exportable energy. In addition, Presidential Regulation No.5 /2006 sets a target for an energy mix that coal will account for 33 percent by 2025. In addition, under the second “Crash Program” established in January 2010, approximately 10,000MW of power development was planned with the aim of increasing power supply, diversifying power resources and introducing renewable energy including geothermal. The Indramayu Coal Fired Power Plant Project (hereinafter referred to as “the Project”) is mentioned in the said program and will supply power to Jakarta Metropolitan Area and West Java province, load center of Java-Bali system in order to stabilize the electricity supply. Making use of the abundant supplies of coal in the country effectively, the Project is consistent with the energy mix policies.
