Officials from the Caribbean Development Bank (CDB) and the Agence Française de Développement (AFD) have signed an agreement to provide USD33,000,000 towards financing sustainable infrastructure projects in the Caribbean region. At least 50 percent of the funds will be used to fund climate change adaptation and mitigation projects.
The agreement was signed last month at the CDB Headquarters in Barbados, by French Ambassador to the Organisation of Eastern Caribbean States and Barbados, Eric de la Moussaye, in the presence of CDB Vice-President (Operations), Patricia McKenzie.
Patricia McKenzie, CDB Vice-President, Operations and Eric de la Moussaye, French Ambassador to the Organisation of Eastern Caribbean States and Barbados, sign the Credit Facility Agreement.
“Caribbean countries are particularly vulnerable to the impacts of climate change, with our geographical location leading to high exposure to natural hazards. Economic conditions also play a role, as there is a lack of access to long-term resources…
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