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

This project improves healthcare provision in Barbados´ principal acute care medical facility, the Queen Elizabeth Hospital, which currently has 519 beds and 2,400 staff. The Accident and Emergency Department delivers emergency care to about 45,000 patients per year, and the Radiology and Medical Imaging Department receives an average of 50,000 requests and referrals per year. 

The digitalisation project of the Hospital improves governance standards, data quality and interoperability of protocols, integrates health information systems and strengthens capacity building. This transformation improves the quality of clinical services by providing safe, effective, timely and integrated patient-centered care benefitting 45,000 patients per year, while increasing staff satisfaction as well. The project is implemented by IDB.

Sector: Health    |   Projected total investment size: € 43 964 150    |   EU contribution: € 4 364 150
Dates: Jun/2023 - Jan/2026    |   Status: ONGOING    |   Countries: Barbados

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

LACIF and IDB finance capacity building and studies for the development of renewable photovoltaic solar energy projects and energy efficiency measures in public buildings and in small and medium-sized enterprises (SMEs) in Barbados.

The programme is structured into three components:

(i) pre-investment studies and implementation of renewable energy and energy efficiency in SMEs,

(ii) pre-investment studies and implementation of renewable energy and energy efficiency projects using performance based contracts through private energy service providers to the public sector and,

(iii) Capacity building and institutional support for the management of renewable energy and energy efficiency projects and performance based contracts.

The objective of this project is to reduce Barbados’s dependency on imported fossil fuels through the increased use of renewable energy and energy effi...

Sector: Sustainable energy    |   Projected total investment size: € 38 985 690    |   EU contribution: € 13 260 000
Dates: Nov/2020 - Apr/2026    |   Status: ONGOING    |   Countries: Barbados