News

Online
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02/07/2021

The COVID-19 crisis has hit Latin America and the Caribbean (LAC) harder than any other region in the world, largely because of its pre-existing economic and social weaknesses. As LAC countries chart their paths to recovery, how can development models evolve to break the vicious circles that held them back even before the crisis struck? And since national responses alone are not enough to overcome a crisis of global scale, what new international partnerships can support a long-term recovery?

Dominican Republic
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02/07/2021

The European Union Caribbean Investment Facility (CIF) signs an agreement with the Agence Française de Développement (AFD) for contributing with EUR 8 448 000 to the project Support to the health, social and economic response to the crisis related to COVID-19 in Dominican Republic, also financed by the Inter-American Development Bank (IDB) and leveraging up to EUR 425 million.

Online
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02/07/2021

Source: AECID

The Spanish Cooperation Training Center in La Antigua (CFCE Antigua) together with the Center for Energy, Environmental and Technological Research of the Ministry of Science, Innovation and Universities (CIEMAT) invite you to participate in the virtual course "Positive Energy Districts and their adaptation to climate change conditions", which will take place from September 20 to October 1, 2021.

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18/06/2021

Shifting just 1% of total global financial assets – estimated at EUR 352 trillion, 2.5 annually – could bridge the existing financing gap needed for delivering the Paris Agreement on Climate Change and the UN Sustainable Development Goals.

Tuesday, June 15, 2021 16:00 to 17:15

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14/06/2021

We are hosting two virtual stands, one with the EUROCLIMA+ programme and the other with our partner the Inter-American Development Bank. You can join us by chatting, booking meetings, or sending us emails. We will also be showcasing our latest publications. 

Dominican Republic
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08/03/2021

Source: European Investment Bank - Brian Power

In 2016, Hurricane Matthew ripped through the northern provinces of the Dominican Republic, leaving behind severely damaged roads, bridges and homes. Flooding from high seas rendered swathes of agricultural land unusable. Thousands of people saw their homes destroyed, often beyond repair.

Then, in 2017, Hurricanes Irma and Maria hit the Dominican Republic. The country still feels the effects today.

And as the climate continues to change, hurricanes are likely to become more frequent and more intense.

Dominican Republic
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08/03/2021

Source: European Investment Bank - Brian Power

In 2016, Hurricane Matthew ripped through the northern provinces of the Dominican Republic, leaving behind severely damaged roads, bridges and homes. Flooding from high seas rendered swathes of agricultural land unusable. Thousands of people saw their homes destroyed, often beyond repair.

Then, in 2017, Hurricanes Irma and Maria hit the Dominican Republic. The country still feels the effects today.

And as the climate continues to change, hurricanes are likely to become more frequent and more intense.

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23/12/2020

The EU’s Caribbean Investment Facility (CIF) and the Inter-American Development Bank (IDB) signed two agreements for a total EU contribution of €23 million to support investments in primary health care services in Jamaica and in sustainable energy in Barbados.

IDB is one of CIF's main investment partners in the Caribbean. To date, they jointly manage 10 projects worth €417.12 million, with a CIF contribution of €90.83 million, in sustainable energy, health, support for SMEs, water supply and sanitation, sustainable transport and agriculture.

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25/11/2020

This report summarizes the activities and investments made by LAIF in Latin America in the last ten years, and CIF in the Caribbean in the last seven years, respectively. It also provides a complete description of the 8 projects approved in 2019, with a total contribution of 76.6 million euros, from both blending instruments.

This contribution from the EU, through LAIF and CIF, leveraged more than 1.8 billion euros (24: 1 leverage ratio).

CLICK HERE TO DOWNLOAD

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12/11/2020

The European Union Caribbean Investment Facility Board approved two new grants that will be blended with IDB loan operations to support entrepreneurship and the energy sector in the Caribbean.

The first grant of $8 million will boost innovation, growth, and entrepreneurship ecosystems in Jamaica, while respecting gender equality and aiding micro, small, and medium enterprises affected by COVID-19. A second grant of $9 million will support the Bahamas in transforming the energy sector and restoring electricity in islands affected by Hurricane Dorian.