The EU’s Caribbean Investment Facility (CIF) and the Inter-American Development Bank (IDB) have signed two agreements to support investments in primary healthcare services in Jamaica and sustainable energy in Barbados with an EU contribution of €23 million. euros. The first program of €10 million is part of the “Team Europe” package of €38.5 billion mobilized by the EU, its member states, and EU financial institutions to support partner countries in addressing the COVID-19 crisis. It will contribute to strengthening Jamaica’s primary healthcare services network, which serves over one million people. It will contribute to strengthening Jamaica’s primary healthcare services network, which serves over one million people. In line with the Green Deal’s call for investments in environmentally friendly technologies, the EU’s CIF will contribute €13 million to the Smart Fund II, a program that will enhance Barbados’ use of renewable energy sources and energy efficiency technologies across all sectors – in businesses, homes, schools, and hospitals. The resulting energy and financial savings will boost the country’s economy and the planet’s sustainability. The IDB is one of CIF’s main investment partners in the Caribbean. They jointly manage 10 projects in various sectors, from sustainable energy and health to water supply and agriculture. To date, total investments amount to €417 million, with nearly €91 million from the CIF.
Team Europe: the European Union and Inter-American Development Bank Support Caribbean Partner Countries with €23 Million Euro
23/12/2020
German flag at half-mast following passing away of Former German Chancellor and Citizen of Honour of the European Union Helmut KOHL
