Business View Caribbean | April 2019

8 BUSINESS VIEW CARIBBEAN APRIL 2019 The grant aims to assist Eastern Caribbean countries in developing bankable, financially viable projects to tackle climate change. The venture will help Eastern Caribbean countries advance project ideas to the concept note stage so that they can be considered for funding by the Green Climate Fund (GCF), the Adaption Fund (AF), or CDB. It is planned that project concepts will be developed for four pilot countries – Dominica, Saint Lucia, St. Kitts and Nevis, and St. Vincent and the Grenadines. Thirty technical staff throughout the sub-region will also be trained to use SOURCE, an online tool for project preparation and management. In addition, This initiative will concretely support countries in the sub- region so they can better meet their needs the OECS commission will hold a workshop on priority investment projects. “Eastern Caribbean countries are in great need of technical assistance and concessionary financing from CDB, GCF, AF and other emerging finance streams to deal with the effects of climate change. This initiative will concretely support countries in the sub-region so they can better meet their needs,” said La Bennett. The activities of the venture will be completed by November 2019.