Sustainable Energy Facility for eastern Caribbean to be supported by CBD and IBD

Sustainable Energy Facility Financing consists of:
– a Global Credit Loan (GCL) from the IDB’s Ordinary Capital Resources (OCR) to CDB of up to US$20 million;
– a grant to CDB of up to the equivalent of US$19.05 million from the Clean Technology Fund;
– a grant to CDB of up to the equivalent US$3,013,698 from the Global Environment Facility Trust Fund (GEF Grant);
– and a counterpart contribution of US$29,435,000 which is available within CDB’s existing resources for the relevant disbursement period to finance projects which meet objectives of the Sustainable Energy Facility, including for private sector electric utilities and at least one energy sector/policy loan for at least one of the beneficiary countries. -(CMC)

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