Projects

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

The project aims to strengthen the Bahamas Health System by enhancing the capacity of primary healthcare to deliver accessible and high-quality services. This is to be achieved through the construction of two new facilities, the retrofitting of four existing ones, and the procurement and upgrade of medical equipment. It particularly facilitates access and improved services to approximately 70,000 people living in twelve Family Islands and the retrofitting of the National Reference Laboratory to benefit 220,000 people.

The project, implemented by IDB, introduces digital health information systems in 54 clinics which improves quality healthcare for at least 157,000 persons, that is, 40% of The Bahamas population. The project is aligned with the Ministry of Health and Wellness current priority to improve the Health System after COVID 19.

Sector: Health    |   Projected total investment size: € 42 259 120    |   EU contribution: € 5 209 760
Dates: Mar/2023 - Apr/2027    |   Status: ONGOING    |   Countries: Bahamas

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

On September 1st, 2019, The Bahamas was impacted by category 5 Hurricane Dorian, the strongest on record for the country. According to the Damage and Loss Assessment (DALA), Dorian damaged 54% of the total infrastructure of the country’s power sector.

Through LACIF, the EU joined forces with IDB to support The Bahamas government in its rehabilitation of critical energy infrastructure and restoration of electricity service in islands heavily affected by hurricane Dorian, while integrating renewable energy.

In order to build the capacities of The Bahamas government to become more resilient to climate change and extreme weather events, the project invests a total of 81.000.000 euros in resilient infrastructure, stronger environmental protection, and renewable energy as a cleaner and cheaper energy source.

The project is declined into the main following 3 components:

  • Immediate Rehabilitation to Introduce More Resilient and Renewable Energy Infrastructure i...
Sector: Sustainable energy    |   Projected total investment size: € 81 000 000    |   EU contribution: € 8 200 000
Dates: Oct/2021 - Mar/2026    |   Status: ONGOING    |   Countries: Bahamas