SVG To Benefit From US 44Million Dollar CDB-AFD Agreement

St Vincent and the Grenadines along with  nine other  Caribbean countries would benefit from US$44 Million dollars.

The Caribbean Development Bank (CDB) and the Agence Francaise de Development (AFD) has signed an agreement to provide US$44 million towards financing sustainable infrastructure projects in the region.

About 50 percent of the funds will be used to fund climate change adaptation and mitigation projects.

The Caribbean Development Bank (CDB) and the Agence Francaise de Development (AFD)
The Caribbean Development Bank (CDB) and the Agence Francaise de Development (AFD)

The funds are being provided by AFD under a Credit Facility Agreement with the CDB.

ADF is the primary agency which the Government of France provides funding for sustainable development projects.

This marks the first time that CBD has accessed financing from AFD.

Among the 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 Euro three million technical assistance grant, which will finance feasibility studies for projects eligible for financing under the credit facility.

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