Italy and Caribbean Development Bank sign US$53 million agreement to support sustainable development

On September 19, 2022, during the 77th United Nations General Assembly (UNGA), Italy and the Caribbean Development Bank (CDB) reached an agreement to provide US$50 million in ODA credits to support sustainable development projects in Caribbean countries.

Specifically, the 'Programme supporting sustainable development projects in Caribbean Community countries' will provide US$50 million in ODA credits and a US$3 million donation from the Italian Agency for Development Cooperation (AICS) to Caribbean Community partner countries including Belize, Dominica, Jamaica, Grenada, Guyana, Saint Lucia, Saint Vincent and the Grenadines, and Suriname.

The resources will be allocated by Cassa Depositi e Prestiti and will support a wide range of development projects dealing with climate change and infrastructure in the following sectors: agriculture, energy, management of coastal zones and water resources, transport, social housing, and healthcare.

Press release - Ministry of Foreign Affairs