Business View Caribbean | Jan 2019

10 IDB TO EXPAND SUSTAINABLE ENERGY FACILITY IN THE EASTERN CARIBBEAN T The Sustainable Energy Facility for the Eastern Caribbean (SEF-Expanded) is de- signed to reduce the financial, technical, and institutional barriers to geothermal energy development in five Eastern Caribbean nations. It will also aid in institutional strengthening and capacity building for those five govern- ments. The SEF-Expanded program aims to help de- risk geothermal energy projects, making it more likely that geothermal energy development attracts private investment and expertise, leverages other commercial debt resources, and allows for electricity tariffs to reflect an appropriate mix of concessional finance, commercial debt, and equity. A line of credit to the Caribbean Development Bank (CDB) will include resources from different donors, which the CDB will make available on-demand to meet the financing needs of the OPENING LINES