Projects

The project aims to scale up the market for green finance in the Caribbean, helping the region’s economies transition to a more sustainable mode of operation aligned with the Global Gateway Investment Agenda.

The Facility supports small scale climate action and environmental sustainability investments, promoted primarily by MSMEs, and intermediated by public sector development banks or bodies and micro-finance institutions.

Those MSME-relevant green investments include (but are not limited to) energy efficiency improvements, integrated renewable energy and energy-efficient solutions such as solar control films, cool roofs, solar PV rooftop installations, LED lighting retrofits in commercial buildings, hotels, restaurant or other tourist establishments, wind and solar renewable power, eligible activities to turn Sargassum algae into an economic opportunity, and other projects contributing to GHG emission reduction and environmental sustainability.

The LACIF-financ...

Sector: Support to SMEs    |   Projected total investment size: € 240 500 000    |   EU contribution: € 7 392 000
Dates: Dec/2024 - Dec/2032    |   Status: ONGOING    |   Countries: Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia, Suriname, Trinidad & Tobago

The project aims to support the Caribbean region in its adaptation to climate change and its low carbon transition through the integration of climate-risks in the financial systems regulation and supervision activities and the financing of climate public investments. This project implemented by AFD:

Supports three of the main central banks of the Caribbean region (the Eastern Caribbean Central Bank, the Bank of Jamaica and the Central Bank of Dominican Republic) to integrate climate-related risks in their regulation and supervision activities. Activities are based on the actions promoted by the Network for Greening the Financial System.

Supports the Caribbean Development Bank (CDB) to promote the financing of adaptation and mitigation investments with a gender lens. Some of the pre-identified activities within CDB are:

  • Establishment of a regional gender research fund to support CDB’s gender strategy;            
  • Establis...
Sector: Banking and financial services    |   Projected total investment size: € 53 390 000    |   EU contribution: € 6 150 000
Dates: Dec/2023 - Dec/2028    |   Status: ONGOING    |   Countries: Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia, Suriname, Trinidad & Tobago

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.

Sector: Water supply & sanitation    |   Projected total investment size: € 400 850 000    |   EU contribution: € 17 350 000
Dates: Jul/2022 - Jan/2030    |   Status: ONGOING    |   Countries: Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia, Suriname, Trinidad & Tobago

The objective of this programme is to reduce participating countries’ dependency on imported fossil fuels by displacing their use in electricity generation with economically viable investments in renewable energy (on the supply side) and energy efficiency (on the demand side). The programme, implemented by CDB, provides funding for investments for renewable energy and energy efficiency as well as technical assistance for institutional strengthening, capacity building and project support.

Sector: Sustainable energy    |   Projected total investment size: € 21 368 000    |   EU contribution: € 4 450 000
Dates: Jun/2015 - Jun/2025    |   Status: ONGOING    |   Countries: Antigua & Barbuda, Dominica, Grenada, Saint-Vincent and the Grenadines, St Kitts and Nevis, St Lucia