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SKN To Receive CDB Grant For Climate Change Project

Image result for CDB WINN FM

St Kitts and Nevis is getting a climate-related Caribbean Development Bank grant of $538,000 euros.

The CDB says the funds will facilitate the conducting of a climate risk and vulnerability assessment of the federation’s coastal road infrastructure.

The CDB grant will also be used to prepare designs for the rehabilitation of two high-priority sites, according to a release from the regional Bank.

The bank’s board of directors has approved millions in loans and grants for ten borrowing member countries, including the grant to St Kitts and Nevis.

In the case of Dominica the CDB has approved a US$12 million line of credit to support education and housing.

The loan to the Dominica Agricultural Industrial and Development Bank is intended to assist in providing finance for student loans, and low and lower-middle income housing that, combined, is expected to benefit 400 people.

Haiti is being given a significant CDB grant to improve climate resilience, and disaster risk management.

The CDB says the grant of US$5.5 million to the Government of Haiti is to improve climate resilience and disaster risk management on an island off the country’s southern peninsula.

St Vincent and the Grenadines is meanwhile being allocated five million US dollars in loans and grants in additional support for the transformation of the country’s energy sector.

Other projects have been approved in The Bahamas, Belize, Grenada, Guyana, Suriname and the Turks and Caicos Islands.

Credit: WinnFM

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