Media Release: Launch of the CARIBBEAN Resilience Fund with Strategic Partnership from SourceEnergy’s Caribbean Basin Development Bank

Immediate Release: January 26, 2024

Bridgetown, Barbados – The Caribbean community takes a significant leap forward in climate resilience with the launch of the CARIBBEAN Resilience Fund. This US$100 million initiative, a collaborative effort of the CARICOM Development Fund, USAID/Eastern and Southern Caribbean, and SourceEnergy’s Caribbean Basin Development Bank, aims to tackle the critical climate challenges facing the region.

Chairman’s Statement Dr. Oliver Jones, Chairman of SourceEnergy’s Caribbean Basin Development Bank, remarked on the partnership: “The launch of the CARIBBEAN Resilience Fund marks a pivotal moment in our collective fight against climate change. As a strategic partner, we at the Caribbean Basin Development Bank are committed to supporting projects that foster sustainable development and build climate resilience. This fund symbolizes our shared dedication to a future where economic growth and environmental stewardship go hand in hand.”

Fund Focus The fund will concentrate on enhancing renewable energy, clean transport, the blue economy, sustainable agriculture, ICT, and financial services, directly supporting SMEs and infrastructure projects vital for the region’s growth and resilience.

Event Highlights The fund’s unveiling was attended by notable figures, including Hon. Mia Amor Mottley, Prime Minister of Barbados, and U.S. Ambassador Roger F. Nyhus, highlighting the global importance of climate finance and private sector engagement in these efforts.

Conclusion This initiative represents a bold step in the Caribbean’s journey towards sustainable development and a robust stand against the global climate crisis, setting a new benchmark for collaborative environmental action.

For further information, contact: media@SourceEnergy.Fund