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.
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).
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.
Santo Domingo city already has a “Sustainable Urban Mobility Plan” (SUMP) financed by the European Union's Caribbean Investment Facility (CIF), supported by the French Development Agency (AFD) and implemented by the National Institute of Transit and Transportation of the Dominican Republic.
The objective of the SUMP is to support the Dominican Republic in the implementation of public urban mobility policies for an integrated system that allows citizens to have a sustainable and attractive city.