$850 million to Caribbean Joint Action Plan, by five international financial institutions, active in the Caribbean. This announcement May 19, as part of Caribbean Development Bank's annual meeting currently underway in Nassau, Bahamas.More details here.
- The Caribbean Development Bank (USD 300m),
- The European Investment Bank (USD 100m),
- The Netherlands Development Finance Company FMO (USD 100m),
- The International Finance Corporation - part of the World Bank Group (USD 150m),
- and PROPARCO - the private sector arm of the Agence Française de Développement Group (USD 200m).
Joint investment, under the Caribbean Joint Action Plan, will concentrate on crucial economic sectors most impacted by the economic slowdown: finance, tourism andinfrastructure. It is expected that this approach will further supporteconomic growth in the region by mobilizing IFI (international financial institutions) investment to act as acatalyst for private sector engagement and facilitating national andsub-regional support and policy dialogue amongst both private and publicstakeholders.
0 comments:
Post a Comment