August 14, 2018 |
The IDB has backed a group of Caribbean governments and private sector entities planning to develop up to $1bn in climate change investments. The Caribbean Climate-Smart Accelerator will get $3m in start-up capital from the IDB, which will then facilitate investment in the area.
IDB will disburse half of its pledge to the accelerator this year. The organization of 26 sovereign and private entities will use IDB funds to expand its $200m portfolio to support low carbon emissions and energy efficie
Government and private sector entities in the region chart up to $1bn in developments