The year 2016 was generally marked by subdued global growth and towards the end by uncertainty in the global economy, brought on in particular by the outcome of the US elections and the United Kingdom’s decision to exit the European Union. While it was largely felt that the risks of global recession had receded as…
Against the backdrop of the high cost of energy to Caribbean enterprises and its impact on competitiveness, the CDF has prioritized support for alternative energy sources through the provision of concessionary finance to energy efficiency projects in the private sector. Specifically, the CDF has been active in providing grants to the tourism (hotels), agriculture and manufacturing sectors in Grenada, Belize and St. Kitts and Nevis as well as highly concessional finance to the transportation sector in St. Vincent and the Grenadines. Emphasis during the first cycle was to help enterprises to convert to energy efficient and renewable sources.
CARICOM Development Fund Signs Agreement with the Government of St Vincent and the Grenadines for the Installation of Photovoltaic Solar Energy System
The Prime Minister of St Vincent and the Grenadines Dr. the Hon. Ralph E Gonsalves and the CEO of the CARICOM Development Fund (CDF), Mr. Rodinald Soomer on August 25th, 2016 signed an agreement for the Installation of a Photovoltaic Solar Energy system at the Argyle International Airport (AIA). This agreement is the fourth between…Read More