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 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 reinforced the safety and reliability of the Guyana Power and Light, Inc. (GPL) electricity distribution system. To do so, this project financed infrastructure specifically focused on the reduction of electricity losses, deployed a strong Corporate Development Program (CDP) to manage GPL’s operations and implement solutions to GPL’s longstanding problems, and improved quality of service through: 

  • the rehabilitation of the existing distribution network and associated equipment as part of a strategic loss reduction programme and;
  • the strengthening of GPL, contributing to the enhancement of its corporate capacities, which helped achieve the performance targets for GPL.
Sector: Sustainable energy    |   Projected total investment size: € 50 082 885    |   EU contribution: € 19 375 000
Dates: Jul/2014 - Sep/2021    |   Status: COMPLETED    |   Countries: Guyana

This IDB-led programme improved the water and sanitation services in three selected locations outside Guyana’s capital and in the capital, Georgetown, through infrastructure rehabilitation interventions to the water supply network and the upgrade of 1,000 pit latrines into efficient septic tanks.

The Water Treatment and Supply Infrastructure Improvement Programme (WTSIIP) contributed to increasing the portion of Guyana’s population with access to quality water and sanitation services.

Sector: Water supply & sanitation    |   Projected total investment size: € 25 421 871    |   EU contribution: € 10 669 362
Dates: Jul/2014 - Jun/2022    |   Status: COMPLETED    |   Countries: Guyana