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Global Gateway: Team Europe launches technical assistance to boost water, sanitation, solid waste, flood protection and clean oceans projects in the Caribbean

Global Gateway: Team Europe launches technical assistance to boost water, sanitation, solid waste, flood protection and clean oceans projects in the Caribbean
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EIB launches technical assistance facility for Caribbean Sustainable Water Management and Clean Oceans programme

EIB launches technical assistance facility for Caribbean Sustainable Water Management and Clean Oceans programme
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Climate, health among areas to benefit from funding

Barbados and other CARIFORUM states have the opportunity to benefit from up to €800 million (BDS$1.6 billion) over the next seven years. The funds are being mobilised by the European Investment Bank (EIB), for climate mitigation and adaptation, healthcare systems upgrade and renewable energy efforts.The EIB is making some €250 million in loans available under two new programmes - the Green and Inclusive Recovery Programme and the Caribbean Sustainable Water Management and Clean Oceans Programme.Vice-President of the EIB Ricardo Mourinho Félix explained that this funding was designed to attract additional financing from private investors and financial institutions that would result in up to €800 million being made available in loans for infrastructure upgrades.“The EIB is considering €250 million to €300 million. With this amount we can mobilise other partners so that we can bring investment in green transition, resilient infrastructures, healthcare systems, supporting SMEs ....

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Region to get funding for resilience efforts

The European Union (EU) continues to deepen its relations with CARIFORUM states while making millions available to help build a more resilient region in the face of ongoing social, economic, developmental and climate crisis challenges.European Commission representatives joined CARIFORUM member officials in Bridgetown this week as they officially launched the Caribbean-EU Partnerships 2021-2027, which consists of three main areas for cooperation - Partnership for a Green Deal, Partnership for Economic Resilience and Trade, and Partnership for Governance, Security and Human Development.The partnerships are based on the new EU-ACP Cotonou Agreement and form part of the EU’s €300 billion infrastructure investment strategy known as the Global Gateway, which was designed to deliver sustainable and high-quality projects that take into account the developmental needs of partner countries.Jutta Urpilainen, Commissioner for International Partnerships with the European Commission, also anno ....

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