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...
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.
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
Over the past decades, Jamaica has experienced low levels of economic growth – less than 1% yearly average – and debt levels to GDP ratios of over 100%. As the COVID-19 pandemic proved its devastating impact on economy, tackling health security issues and the need for availability and access to water, sanitation, and hygiene are thus of utmost importance to boost the country’s entrepreneurship.
Through LACIF, the EU spearheads a collective initiative by the Inter-American Development Bank (IDB) and the Development Bank of Jamaica (DBJ), supporting the Jamaican government to undertake specific economic measures, such as the provision of grants and support to the most affected. The project translates into a total investment of 28.695.000 euros to promote inclusive growth and productivity by fostering innovation in the private sector. It also carries a strong gender-responsive component, since Jamaican women played a disproportionate role in responding to the pandemic and t...
Dates: Feb/2022 - Feb/2027 | Status: ONGOING | Countries: Jamaica
The project seeks to alleviate the pressure on the reference hospitals in Kingston from the large, underserved populations in three parishes of the country’s interior. It promotes the construction, remodelling, and expansion and provision of medical equipment for ten health centres in the catchment areas of the hospitals. It also helps the government in the development and implementation of policies to combat non-communicable diseases (NCDs) as well as to strengthen priority health care services’ networks (three hospitals and associated health centres).
The main objective of the IDB-led operation is to improve the health of Jamaica’s population. The specific objectives are:
1. To reduce the burden of NCDs through the support for prevention policies;
2. To improve access to health services.
Dates: Nov/2020 - Mar/2027 | Status: ONGOING | Countries: Jamaica
This Energy Management and Efficiency Programme (EMEP) promotes energy efficiency and conservation to free public funds through lower government bills and reduced oil imports, helping the government of Jamaica to further reduce its debt and create the fiscal space for productive spending whilst also contributing to greenhouse gas emissions’ reduction.
LACIF and IDB's objectives are:
- to reduce electricity consumption within government facilities;
- to decrease fuel consumption through improved traffic control management;
- to increase institutional capacity to promote and supervise electricity planning in Jamaica.
Dates: Dec/2017 - Mar/2025 | Status: ONGOING | Countries: Jamaica
The project aimed to promote and finance new sustainable infrastructure projects in the Caribbean region in the sectors of energy, transport, water and sanitation and climate change mitigation. It also seeked to reinforce the national implementing agencies for the seeding and follow-up of new projects, specifically to create a pipeline of quality projects within the borrowing member countries from the Caribbean Development Bank (CDB). LACIF supported AFD in this initiative to enhance CDB, a strategic partner in the Caribbean region.
Dates: Oct/2015 - Dec/2024 | Status: ONGOING | Countries: Grenada, Jamaica, Saint-Vincent and the Grenadines, St Lucia, Suriname
