The Caribbean Development Bank (CDB) is now an accredited partner institution of the Green Climate Fund (GCF). Through the accreditation, CDB now has better access to funding to support low-emission and climate-resilient programmes and projects in its borrowing member countries (BMCs).
“As an accredited partner institution of the GCF, CDB has the opportunity to mobilise and improve the flow of resources to its BMCs to tackle the pressing challenges of climate change. This accreditation will help us build on the work CDB is already doing to help communities across the Caribbean improve their resilience to natural hazards, reduce their electricity bills through the adoption of green energy solutions, and accelerate economic and social development across our region,” said Dr William Warren Smith, president, CDB.
As part of the accreditation process, CDB was assessed on a range of criteria against the standards of the GCF. The Fund examined the Bank’s policies…
View original post 191 more words