Cassa Depositi e Prestiti has dispensed a 50 million loan of euros to Caribbean Development Bank for counter the effects of climate change e support sustainable development of the Caribbean countries. The CDP communicates it in a note, specifying that the Caribbean Development Bank is a financial institution that helps the nations of the area to finance social and economic programs. The agreement was signed by the president of CDB, Hyginus Leon, and by the head of international cooperation and finance for development of CDP, Antonella Baldino, at the headquarters of the Permanent Mission for Italy to the United Nations in New York.
The countries involved
The loan, "mobilized through the Revolving Fund for Development Cooperation managed by CDP on behalf of the Ministry of the Economy - continues the note - will expand the pool of loans that CDB already makes available for public development aid initiatives in countries such as Belize, Dominican Republic, Grenada, Guyana, Jamaica, Saint Lucia, Saint Vincent, the Grenadines and Suriname”.
The objectives of the operation
The funding “will help accelerate the implementation of programs initiated by the Caribbean countries – continues Cdp – aimed at achieving, by 2030, the sustainable development goals defined by United Nations for projects concerning the management of water resources, the production of energy from renewable sources, the creation of infrastructures for sustainable mobility and the protection of the oceans, coasts and biodiversity".
The comments of the signatories
“The climate crisis is a global challenge that requires cooperation and multilateral collaboration – comments Baldino – We are honored to be able to join other international financial partners in supporting the efforts of Caribbean countries to achieve the commitments undertaken under the United Nations Sustainable Development Goals. An objective in line with our 2022-2024 Strategic Plan, which aims to promote sustainable development and accelerate the ecological transition globally".
According to Leon, “The volume of funding needed for Caribbean countries to achieve the Sustainable Development Goals will require broad support from a variety of sources, and the CDB is committed to building and strengthening partnerships that will make affordable funding available to our Borrowing Members. countries".
