CARICOM Development Fund
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CDF and Afreximbank Advance Strategic Partnership with New Climate-Focused Finance Facility
The collaboration between the CARICOM Development Fund (CDF) and the African Export-Import Bank (Afreximbank) will be significantly advanced through the establishment of a new blended finance facility, the Green Growth, Resilience and Sustainability Facility (GRSF). This formed a critical part of the discussion at an introductory meeting between the CEO of the CARICOM Development Fund (CDF), Mr Rodinald Soomer, and…
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Ten rural communities in Suriname will benefit from CDF Electrification Project
Almost two thousand persons in ten Suriname rural communities will soon benefit from the completion of a CARICOM Development Fund (CDF) electrification project. The US$ 11.8 million project to install hybrid renewable micro-grid systems at Cajana and Galibi is part of a broader initiative to enhance energy access and support a just energy transition in Suriname’s rural communities. During a…
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CARICOM SG and Institutions discuss the impacts of declining international development assistance
Executive Directors and other senior officials of Caribbean Community Institutions have updated Secretary-General Dr. Carla Barnett about the adverse effect of the current geopolitical developments on their ability to deliver essential services to the Region. The developments were highlighted during a virtual meeting which the Secretary-General convened with Executive Directors and other senior officials of Community Institutions on Tuesday, 29 April. The…
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CARICOM Development Fund Provides initial US$100,000 cash contribution to Hurricane Beryl Recovery Efforts in St. Vincent and the Grenadines
Bridgetown, Barbados – September 10, 2024 – The CARICOM Development Fund (CDF) has made a cash contribution of US$100,000 or approximately EC$270,000 from its Emergency Disaster Assistance Facility (EDAF) to the Government of St. Vincent and the Grenadines to assist in recovery efforts following the devastating impact of Hurricane Beryl on July 1, 2024. The initial grant contribution will support the efforts…
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Suriname, CARICOM Development Fund sign Agreements for Sustainable Energy Development
The Republic of Suriname and the CARICOM Development Fund (CDF) signed two important financing agreements in Washington DC in the margins of the World Bank/IMF Spring Meetings. The agreements strengthen efforts to improve energy access and living standards in the interior of Suriname. Loan Agreement for Sustainable Electricity Supply In a press release, the CDF said the first Agreement is…
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