CARIF Market News - Page 3 of 29

Belize and CDB review progress on major road infrastructure projects
April 10, 2025
Belize’s Ministry of Infrastructure Development and Housing (MIDH) is reviewing major road projects—including the Coastal Highway, Philip Goldson Highway, and Eighth Road Project—alongside the Caribbean Development Bank (CDB), a key funding partner. Source: Edition Channel 5 Belize
Grenlec seeks consultants for solar-plus-storage project at Grenada’s international airport
April 10, 2025
Grenada Electricity Services (Grenlec) is seeking consultants to support the development of a solar-plus-storage project at Maurice Bishop International Airport, featuring a 15.1 MW solar farm and a 10.6 MW / 21.2 MWh battery energy storage system. The World Bank and Caribbean Development Bank will co-finance the project. Source: PV Magazine LATAM
IDB Invest and Massy Group launch US$150 million financing initiative to boost trade and food security in the Caribbean
March 27, 2025
IDB Invest and Massy Group have formed a strategic partnership to provide up to US$150 million in regional financing to support trade, food security, and sustainable growth in the Caribbean. The package includes a US$90 million long-term loan for capital upgrades and expansion, and a US$60 million trade finance program to bolster intraregional trade and […]
CDB approves US$17 million loan to transform education in Saint Lucia
March 13, 2025
The CDB has approved a US$17 million loan to support Saint Lucia’s education transformation initiative, aimed at expanding access to quality education, modernizing infrastructure, and improving teacher training. Source: Jamaica Observer
USACE pioneers sustainable wood management in Puerto Rico
March 13, 2025
The U.S. Army Corps of Engineers (USACE) Caribbean District is integrating responsible tree disposal management into its construction contracts in Puerto Rico. As part of the US$150.7 million Franklin Delano Roosevelt Avenue Bridge replacement project, removed trees are being repurposed at a sawmill instead of being sent to landfills. The initiative promotes sustainable wood reuse […]
Grenada opens first climate-smart fisher facility to boost resilience and sustainability
February 28, 2025
The Nature Conservancy (TNC), in partnership with Grenada’s government and international organizations, has inaugurated the island’s first Climate-Smart Fisher Facility in Soubise, St. Andrew. The facility integrates renewable energy, rainwater harvesting, and coastal protection measures to enhance the resilience of the local fishing community while mitigating climate change impacts. In addition to supporting fishers with […]
Bahamas signs US$200 million agreement with Afreximbank to boost infrastructure and trade
February 28, 2025
Bahamas Prime Minister Philip Davis signed a US$200 million framework agreement with Afreximbank which aims to develop climate-resilient and trade-enhancing infrastructure. The agreement is expected to support projects in road construction, energy, and economic development. Source: Tribune 242
EU and Hispasat partner to strengthen digital connectivity in the Caribbean
February 28, 2025
The European Union (EU) has signed a Memorandum of Understanding (MoU) with Hispasat to enhance broadband access and digital sovereignty in the Caribbean. The initiative aligns with the EU-LAC Digital Alliance and offers regional alternatives to external digital investments. Source: EUReporter
CAF and Barbados sign US$75 million agreement to boost heritage tourism and infrastructure
February 28, 2025
CAF and Barbados have signed a US$75 million agreement to enhance cultural heritage preservation, tourism, and infrastructure modernization under the Reclaiming Our Atlantic Destiny (ROAD) Program. The initiative aims to strengthen Barbados’ historical and cultural connections, supporting national development through heritage tourism. Source: CAF