Posts by Team CDF

Invitation for Bids

The Government of St. Vincent and the Grenadines (GOSVG) has received financing from the CARICOM Development Fund (CDF) towards the cost of the Tourism Accommodation Expansion Project. The Project is under the direct control of the Economic Planning Division in the Ministry of Finance, Economic Planning and Information Technology and is being implemented through a…

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CARICOM Development Fund (CDF) provides Loan and Grant Financing for expansion of the Hotel Sector in St. Vincent and the Grenadines

Mr. Rodinald Soomer, the Chief Executive Officer, CARICOM Development Fund (CDF) signing the Loan and Grant Agreements for St. Vincent and the Grenadines The Government of Saint Vincent and the Grenadines (GOSVG)  and the CARICOM Development Fund (CDF) completed the signing of loan and grant agreements totaling US$5.7 million (EC$15.38 million) on December 7, 2020…

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Financial Institutions across CARICOM Member States Sensitized on Renewable Energy and Energy Efficiency Project Support Mechanisms

Financial institutions across the Caribbean Community this week had the opportunity to learn more about project support systems and tools within the renewable energy and energy efficiency space. Although renewable energy and energy efficiency technologies have seen notable decreases in cost, leading to significantly lower capital needed to invest in new systems, financing renewable energy…

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CARICOM Development Fund signs pact with IICA to jointly support Agriculture Development in the Caribbean

Mr. Rodinald Soomer, Chief Executive Officer of the CARICOM Development Fund (CDF) The CARICOM Development Fund (CDF) and the Inter-American Institute for Cooperation on Agriculture (IICA), signed a General Agreement for Technical Cooperation, which will establish a broad framework for collaboration on initiatives geared towards the advancement of agriculture development in the Caribbean region. While…

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CDF and IRENA Collaborate to Boost Low-Carbon Investments in the Caribbean

Cooperation will support renewable energy and energy efficiency drive as Caribbean looks to transition away from fossil fuel dependency The International Renewable Energy Agency (IRENA) has signed a Memorandum of Understanding with the CARICOM Development Fund (CDF) to support a transition from fossil-fuel dependency to a more resilient and sustainable low carbon economic development model…

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CARICOM DEVELOPMENT FUND Approves US$2.27 Million in Emergency Grant Support for Unemployment Relief in BELIZE

The Board of Directors of the CARICOM Development Fund (CDF) at its 6th Extraordinary Meeting held on 18th May 2020, considered and agreed to a request to reallocate to the COVID-19 Unemployment Relief Programme (URP) of Belize, an amount of US$2,272,990 (BZE$ 4,545,980). The disbursement of these funds, projected to commence by early October 2020,…

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CDF Provides Grant Funding for Village Tourism in Saint Lucia

Honourable Allen Chastanet, Prime Minister of Saint Lucia and Mr. Rodinald Soomer CEO, CARIOM Development Fund signing the Grant Agreement On Thursday September 3rd, 2020, the CEO of the CARICOM Development Fund, Mr. Rodinald Soomer signed a Grant Agreement with Prime Minister of Saint Lucia, Honourable Allen Chastanet, to provide a sum of US$935,663 or…

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Passing of Professor The Right Honourable Owen Seymour Arthur, Former Prime Minister of Barbados

The CARICOM Development Fund (CDF) Remembers a Champion of Integration Remembering An Architect of Integration Late Prime Minister of Barbados, Professor the Right Honourable Owen Arthur, was an infectious no-nonsense person who had a reputation for reading everything placed before him, and therefore an unmatched ability to ensure that whatever technical advice he received was…

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CARICOM Development Fund (CDF) provides US$1.39 million in concessional support to the Government of Antigua and Barbuda

From l to r: Honourable Chet Greene, Minister of Foreign Affairs, International Trade & Immigration looks on as Chief Executive Officer, CARICOM Development Fund, Mr. Rodinald Soomer and Prime Minister of Antigua and Barbuda the Honourable Gaston Browne sign the financing Agreement. Bridgetown, Barbados, February 18th, 2020 – The Chief Executive Officer of the CARICOM…

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UAE partners with CDF and other stakeholders to build resilient green power system for hurricane-ravaged Barbuda

The UAE-Caribbean Renewable Energy Fund is the largest renewable energy initiative of its kind in the Caribbean region and is a partnership between the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC), Abu Dhabi Fund for Development (ADFD), and Abu Dhabi Future Energy Company (Masdar) Abu Dhabi, United Arab Emirates; September 19, 2019: The…

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