June 2, 2017 |
The Caribbean Development Bank (CDB) has received a EUR100m ($112m) loan from the European Investment Bank (EIB) to finance green projects in the region.
An EIB-funded program has identified more than $300m in investments that could receive financing from the new loan, including renewable energy, water, road and social infrastructure projects that reduce greenhouse gas emissions.
The financing is the EIB's largest loan in the Caribbean and follows the $65m Climate Action Line of Credit (CALC)
European development bank has identified more than $300m in eligible projects