Jamaica initiates ‘Blue Green Facility’ to address climate challenges

The Government of Jamaica, in collaboration with various international partners including the Green Climate Fund, Inter-American Development Bank, World Bank Group, and others, is discussing the establishment of a “Blue Green Facility” aimed at providing up to US$ 500 million over five years. The fund will comprise a combination of grants, concessional debt, guarantees, and equity instruments to leverage blended finance and crowd-in private investment for climate action within the micro, small and medium enterprises (MSME) ecosystem.

Source: Ministry of Finance, Jamaica