CARIF Market News - Page 7 of 27

Construction of waterfront condo commences in Grand Cayman
July 19, 2024
Construction of a waterfront condo project, Catalina Bay, is now underway in Grand Cayman’s North Sound. Source: CaribJournal
Caribbean launches SIDS 2.0 initiative to transform small island developing states into digital states
July 19, 2024
The Caribbean is launching the SIDS 2.0 initiative to transform Small Island Developing States (SIDS) into Small Island Digital States. This project aims to accelerate digital integration and innovation by creating a collaborative framework. The initiative includes self-assessments, action plans, and prioritizing interventions. Source: UNDP
Grenada forms task force to push for climate disaster compensation
July 19, 2024
Grenada is creating a task force to advocate for compensation for damage from climate change-related natural disasters affecting itself and other vulnerable states. Following Hurricane Beryl, Grenadian Prime Minister Dickon Mitchell announced that the government decided in an emergency meeting to have the Ministry of Foreign Affairs and the Ministry of Environment, Climate Resilience, and […]
Top 10 Insights on Caribbean Infrastructure in 2024
June 18, 2024
The Caribbean region is on the brink of a substantial infrastructure overhaul. The pandemic significantly impacted the region’s infrastructure development plans and saw a shift in focus towards shoring up healthcare and social support systems. However, the focus has now returned to long-term infrastructure projects, and private sector investment is seen as crucial for success. […]
IDB Invest and DFC launch new co-financing framework for Latin America and the Caribbean
May 3, 2024
IDB Invest and the United States International Development Finance Corporation (DFC) have launched a new co-financing framework to bolster collaboration on high-impact development projects across Latin America and the Caribbean. As an extension of the Americas Partnership Platform, announced by US President Joe Biden, the framework streamlines the process for providing up to US$50 million […]
Celebrating Excellence: Winners of 6th Annual CREF Industry Awards Announced
May 2, 2024
New Energy Events, hosts of the Caribbean Renewable Energy Forum (CREF), are excited to announce the seven recipients of its 6th annual CREF Industry Awards. The Awards – which recognize outstanding achievement in the Caribbean’s transition to a clean energy future – were celebrated on stage during the 16th annual CREF in Miami. The Awards […]
IDB Invest issues sustainable bonds to fund infrastructure and projects in Latin America
March 28, 2024
IDB Invest recently issued two sustainable bonds in local currency. One was valued at 2.5 billion Mexican pesos (about US$150 million) while the other was valued at 40 billion Colombian pesos (around US$10 million). The funds will be directed towards promoting inclusive financing and providing support for essential infrastructure projects in transportation, renewable energy, telecommunications, […]
Caribbean Transmission Development Company (CTDC) aims to connect DR and Puerto Rico via a submarine electrical cable
March 28, 2024
The Caribbean Transmission Development Company (CTDC) revealed that connecting the Dominican Republic with Puerto Rico via a submarine electrical cable would cost over US$1 billion. Despite challenges, the project aims to strengthen ties between the two economies and, according to CTDC, would be completed by 2030. CTDC has submitted a proposal to the federal government […]
Dominican Republic makes more strides on solar energy with new concessions and renewable targets
March 28, 2024
The Dominican Republic’s government awarded definitive concessions for two solar projects totaling 67 MWn. Empresa Generadora de Electricidad Haina (EGE Haina) secured one concession for the 48.29 MWn Girasol II park in Yaguate, San Cristóbal province, while Jambolan Solar FV obtained the other concession for the 18.4 MWn Jambolan plant in Pedro Brand, Santo Domingo […]