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USD33 mn to Finance Climate Change Resilient Infrastructure in the Caribbean

Officials from the Caribbean Development Bank (CDB) and the Agence Française de Développement (AFD) have signed an agreement to provide USD33,000,000 towards financing sustainable infrastructure projects in the Caribbean region. At least 50 percent of the funds will be used to fund climate change adaptation and mitigation projects.

The agreement was signed last month at the CDB Headquarters in Barbados, by French Ambassador to the Organisation of Eastern Caribbean States and Barbados, Eric de la Moussaye, in the presence of CDB Vice-President (Operations), Patricia McKenzie.

Patricia McKenzie, CDB Vice-President, Operations and Eric de la Moussaye, French Ambassador to the Organisation of Eastern Caribbean States and Barbados, sign the Credit Facility Agreement.

Patricia McKenzie, CDB Vice-President, Operations and Eric de la Moussaye, French Ambassador to the Organisation of Eastern Caribbean States and Barbados, sign the Credit Facility Agreement.

Caribbean countries are particularly vulnerable to the impacts of climate change, with our geographical location leading to high exposure to natural hazards. Economic conditions also play a role, as there is a lack of access to long-term resources to finance sustainable climate-related infrastructure projects. We believe that these additional funds will go a long way towards building resilience and mitigating the impact of climate change in our region,” said Mrs. McKenzie.

The funds are being provided by AFD under a Credit Facility Agreement with CDB. AFD is the primary agency through which the Government of France provides funding for sustainable development projects. This marks the first time that CDB has accessed financing from AFD.

The Facility will be used by CDB to augment financing for infrastructure projects in several areas: renewable energy, water and sanitation, waste management, adaptation of infrastructure to the effects of climate change, protection of coasts and rivers. Countries that are eligible to benefit from this facility are: Antigua and Barbuda, Belize, Dominica, Grenada, Guyana, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, and Suriname. The Facility is also complemented by a EUR3,000,000 technical assistance grant, which will finance feasibility studies for projects eligible for financing under the credit facility.

The agreement supports the improvement of Caribbean economies’ resilience and vitality through the development of sustainable infrastructure projects with significant environmental or climate impacts. It is in alignment with the Bank’s corporate priority of promoting environmental sustainability.

Credit: CDB

CDB advances climate change and disaster risk management of member countries

CBD’s Vice President of Operations Patricia McKenzie shared some camera time with Steven Hillier (2nd Left), Disaster Risk Reduction Adviser of the Department For International Development of the United Kingdom. Also in photo are Ronald Jackson, Executive Director of CDEMA, and Andrew Dupigny (right), Acting Director of Projects at CDB

CBD’s Vice President of Operations Patricia McKenzie shared some camera time with Steven Hillier (2nd Left), Disaster Risk Reduction Adviser of the Department For International Development of the United Kingdom. Also in photo are Ronald Jackson, Executive Director of CDEMA, and Andrew Dupigny (right), Acting Director of Projects at CDB

The Caribbean Community (CARICOM) agenda for reducing risks and building resilience in the region got a much-needed boost recently. Twenty-three disaster risk management and community development professionals from 15 countries gathered at the headquarters of Caribbean Development Bank (CDB) for an intensive five-day workshop on project design and implementation organised by Community Disaster Risk Reduction Fund (CDRRF).

Speaking at the opening ceremony of the workshop, CDB’s vice president for operations emphasised the need for a broader reach and deepened relations with borrowing member countries (BMCs).

“We want to optimise the facility provided by CDRRF to assist in building capabilities at the community level. We see the need for CDRRF when we consider the fact that communities can be affected extensively by the impact of natural hazards. That they can be displaced, experience disruption in livelihoods and even have security and personal safety reduced. The need to help build community resilience becomes quite evident. CDB is keen on consolidating its relationship with BMCs,” stated Patricia McKenzie.

CDB’s commitment to strengthening national mechanisms for community resilience building was bolstered by the synergies created with the support of international development partners with a shared vision for the region. The harmonisation has resulted in increased investments in initiatives for disaster risk reduction (DRR) and climate change adaptation (CCA).

The region’s disaster management agency echoed those sentiments.

“Communities are the first line of defence in preventing disasters. It is, therefore, essential to deepen engagement beyond disaster management offices. There is an urgent need to participate with community actors to reduce risks and build capacity and resilience,” noted Ronald Jackson, executive director of the Caribbean Disaster Emergency Management Agency (CDEMA).

He went on to make a case for more targeted investments in CCA.

“The Caribbean accounts for less than one percent of greenhouse emissions yet most climate change-related projects are heavily concentrated on energy emissions. Resources must be more effectively used. Focus must be shifted to dealing with the every-day present and future risks to lives and livelihoods. Strengthened and sustained community resilience is one of the key priority areas within the comprehensive disaster management strategy. It is an area in which CDEMA has made significant investments in the past and continues to support based on requests from member states,” Jackson said.

The aim of the workshop, which was facilitated by David Logan, was to broaden participant’s view of CDRRF and increase their capacity to assist community groups to design local solutions that meet CDRRF’s funding criteria.

As such, participants were exposed to exclusive content for the design and development of CDRRF projects. Topics included the development of performance measurement framework and the importance of identifying correct indicators. Other areas of learning covered designing work breakdown structure and procurement plans as well as undertaking social and gender analyses as participants were exposed to the project management cycle.

The workshop further allowed for some focus on environmental impact assessment, project costing and scheduling; all within the framework of DRR/CCA projects. The trainees also benefitted from rich experiences as they delved into live project ideas.

As BMCs move to capitalise on the skills passed on by CDB, it is expected that there will be an influx of innovative and transformative projects with tangible results that can produce lessons for DRR/CCA.

“While you were exposed to CDB’s way, the range of topics remain very useful. The skills garnered will suit the design and implementation of development projects across the board, not just CDB-funded projects”, remarked CDB’s acting director of projects, Andrew Dupigny as he closed the workshop proceedings.

The project design and implementation workshop is the first of its kind for the CDRRF. They will form part of the knowledge management efforts of a wider US$25.78 million grant facility funded by CDB; Department of Foreign Affairs, Trade and Development of Canada and Department For International Development of the United Kingdom. CDRRF aims to build community capacity for disaster risk management through adaptation to climate change and reduction of vulnerabilities and building resilience to the impacts of natural hazards.

Credit: Caribbean News Now!
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