Vice-President (Operations) of the Caribbean Development Bank, Monica La Bennett (center) and Philippe La Cognata, Atlantic Regional
Director, Agence Française De Développement (right) sign the finance agreement. At left, Ambassador Daniela Tramacere, Head of the
European Union Delegation to Barbados, the Eastern Caribbean, OECS and CARICOM/CARIFORUM and CDB Senior Legal Counsel Dave
Waithe (second from left) look on
BRIDGETOWN, Barbados — €3 million has been added to the efforts to create a more a more climate-resilient Caribbean region.
Officials of the Agence Française De Développement (AFD), and the Caribbean Development Bank (CDB) signed a finance agreement on January 25, 2019, which will provide grant funding to facilitate the preparation and implementation of sustainable, climate-resilient infrastructure projects in the region.
The project will be financed under the European Union Caribbean Investment Facility (EU-CIF).
Monica La Bennett, vice-president (operations), CDB, in welcoming the new funding, noted that the agreement built on “longstanding partnerships between CDB and both the EU and AFD.”
Nearly three years ago, CDB and the AFD signed an agreement for a US$33 million credit facility, which provided financing for projects supporting climate resilience. Several projects funded under that facility are currently being implemented around the Caribbean.
