The Caribbean Development Bank (CDB) and the World Bank (WB) embarked on a mission in 2015 to establish the first permanent center for procurement excellence in the Caribbean region.

The University of Technology, Jamaica, was selected by CDB/WB to conduct a feasibility study on the establishment of a regional, Caribbean Procurement Training and Consultancy Centre (CPTCC), which was later renamed and designated as the Caribbean Procurement Training Programme (CPTP).