Projects

This programme addresses the multitude of challenges faced by the water sector in the Caribbean, including the lack of asset management strategies, lack of adequate maintenance, high energy costs, inadequate waste-water treatment capacity and lack of water storage capacity. Climate change is also leading to extreme weather events and unpredictable water availability in the region, while pollution and over-fishing also affect the health of many of its ocean ecosystems which need to be tackled in a comprehensive manner.

EU and EIB are investing in security of water supply, wastewater collection and treatment, storm-water management and solid waste management, which contributes to water resources conservation, disaster risk reduction and protection of biodiversity.

This project aims to set up a Regional Fund to provide Central American Integration System (SICA) countries with funds to run projects that both address and prevent natural disasters.

This is done in a context of the region’s vulnerability to climate change. To that end, the EU is putting together € 4 925 000 (out of € 1 705 495 000 as total investment with lead partner CABEI) towards the setup of a Regional Fund. These investments contribute to the mitigation of the impact by extreme events, while improving capacity to deal with climate change. For these reasons, the Fund serves as a catalyst to ensure focused action is maintained at national and international levels.

More specifically, the Fund aims to help build SICA countries’ capacities in the development of viable climate change projects by providing technical assistance for project preparation. It does so by facilitating:

• Climate risk assessment and studies for the development of disaster warnin...

LAGREEN is the first green bonds fund dedicated to Latin America. Its main purpose is twofold: to finance climate- and resource-friendly investments and to mobilise local and international private capital towards the issuance of more green bonds in Latin America.

LACIF is partnering with KfW to achieve the following objectives:

• to mobilise additional funding for Nationally Determined Contributions (NDC) implementation;
• to push local capital market development towards a transition to sustainable finance – thereby fostering transparency and long-term commitments in financial and economic activity;
• to reach a substantial greenhouse gas emissions mitigation and/or climate change adaption impact.

The Seed Capital Risk Financing component for the Dinamica initiative addresses the bottlenecks identified in the Central American region, specifically regarding the accessibility of new and innovative enterprises to finance solutions in order to start their operations, be consolidated and grow. 

The project, implemented by KfW and CABEI, provides vital start capital as contingent grants which is complemented by technical assistance for capacity building to Financial Intermediaries and MSMEs. 

By doing this, the component contributes to developing entrepreneurship and innovation and is therefore an ideal complement to the DINAMICA I initiative. The project promotes equitable socio-economic development and stimulates employment in the private sector. 

The objective of this project is to reinforce the efficiency and technical and financial sustainability of the National Institute of Potable Water and Sewage System (INAPA) and the Santiago’s Water and Sewage Corporation (CORAASAN). LACIF and AFD seek to enhance the efficiency of the water services and reduce the discharge of wastewater into the environment in Dominican Republic.

This project contributes to the investment programmes in the water and sanitation sector made by INAPA, active in rural and peri-urban areas, and CORAASAN, active in the city and in the province of Santiago, reinforcing their efficiency and sustainability at the same time. The project includes investments in water and sanitation infrastructure, capacity building and technical support to ensure quality, efficiency, and sustainability of services.