CDB announces USD 106m programme for Bahamas, funding opportunities for individual clean energy projects

The Caribbean Development Bank (CDB) has announced it would provide USD 106.5 million to the Bahamas as part of a programme to achieve its medium-term development objectives.

Dr. Justin Ram, Director of Economics at the CDB, announced the areas of focus, considered “critical to inclusive growth”, will be “provision of quality climate resilient infrastructure, energy efficiency and renewable energy”, and include auxiliary targets surrounding “governance and human capital improvement”.

The programme will rest on three pillars: Environmental protection and infrastructure enhancement, Inclusive social development, and improved governance and productivity.

Individual projects may be submitted to the Bank’s Board of Directors for approval, and those that align with the new programme’s assistance strategy can receive conditional funds.

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