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Programme to Support Sustainable Development Projects in CARICOM Countries - TECHINICAL ASSISTANCE (GRANT)

Caribbean, regional

Status

Implementation

Aid type

Sector budget support

Caribbean, regional


Location

-

€ 2,500,000
Committed
€ 1,000,000
Used

Description

The proposed concessional financing program plays an important role in achieving the Caribbean Development Bank's mission of poverty reduction in CARICOM countries through sustainable, resilient and inclusive development. The financing will be used to support sustainable development projects focused on the environment/climate change and infrastructure, particularly in the areas of Agriculture; Energy; Integrated Water and Coastal Zone Management; Transportation; Social Housing; and Sanitation. The program plans to expand the pool of concessional financial resources available to the Caribbean Development Bank for CARICOM countries so that they can improve the socio-economic, technological and environmental resilience of their economies under the Green Climate Fund, the Adaptation Fund and the Climate Action Credit Line of the European Investment Bank (EIB) and the Agence Française de Développement..The Caribbean Development Bank is the borrower of the concessional loan It onlend the loan to CARICOM countries and it takes the political risk and the projects commercial risk The programme seeks to enhance the capacity of CARICOM countries to: a) Reduce greenhouse gas emissions and promote accelerated actions towards mitigation and adaptation to climate change. b) Promote sustainable agriculture, in particular with regards to adaptation to climate change consequences such as recurrent devastating hurricanes. c) Accelerate the expansion of protected areas for marine biodiversity and existing policies and treaties that encourage responsible use of ocean resources. d) Increase the renewable energy share of total final energy consumption and increasing access of the population to energy resources. e) Achieve universal access to basic sanitation services by 2030 and more efficient use and management of water resources. f) Accelerate physical rehabilitation of environmental and energy infrastructure damaged during by hurricane. read more close
Year Committed Used
2023 € 2,500,000 € 1,000,000

Agency

Type Name Channel code
Government AICS - Italian Agency for Cooperation and Development 11000

Channel reported

Type Name Channel code
Multilateral CDB - BANCA DI SVILUPPO CARAIBICA 46009

Project data

  • IATI IdentifierXM-DAC-6-4-012305-01-0
  • CRS Activity identifier2023040034
  • AID012305/01/0
  • Planned start 2021/01/01
  • Planned End 2025/12/31
  • Actual start 2023/08/03
  • Actual end -
  • Bi/Multilateral Bilateral
  • Status Implementation
  • Tied status Untied

Sectors

  • 43010 - Multisector aid 100.0%

Policy markers

  • Gender Equality not targeted
  • Disaster Risk Reduction(DRR) significant objective
  • Disability not targeted
  • Nutrition not targeted
  • Aid to Environment principal objective
  • Participatory Development/Good Governance significant objective
  • Trade Development not targeted
  • Aid Targeting the Objectives of the Convention on Biological Diversity significant objective
  • Aid Targeting the Objectives of the Framework Convention on Climate Change - Mitigation principal objective
  • Aid Targeting the Objectives of the Framework Convention on Climate Change - Adaptation principal objective
  • Aid Targeting the Objectives of the Convention to Combat Desertification significant objective
  • Reproductive, Maternal, Newborn and Child Health (RMNCH) not targeted

SDGs

  • 13.1 - Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries
  • 14.2 - By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience, and take action for their restoration in order to achieve healthy and productive oceans
  • 6.1 - By 2030, achieve universal and equitable access to safe and affordable drinking water for all
  • 6.4 - By 2030, substantially increase water-use efficiency across all sectors and ensure sustainable withdrawals and supply of freshwater to address water scarcity and substantially reduce the number of people suffering from water scarcity
  • 7.1 - By 2030, ensure universal access to affordable, reliable and modern energy services
  • 7.2 - By 2030, increase substantially the share of renewable energy in the global energy mix
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