Mr. Rodinald Soomer, CEO of the CARICOM Development Fund second from left with representatives of the JMMB Group and the Climate Bond Initiative at the Caribbean Sustainability Bond Launch held in Barbados.

BRIDGETOWN, Barbados (7 October, 2026) – The Caribbean Sustainability Bond, a first-of-its-kind regional investment opportunity seeking to mobilise up to US$250 million for climate resilience, sustainable development and economic transformation across the Caribbean, was officially launched today at the Caribbean Investment Forum (CIF) in Barbados.

The bond will be issued by Caribbean Sustainability Investments Limited (CSIL), with the CARICOM Development Fund (CDF) serving as Project Sponsor and JMMB Securities Ltd, part of the JMMB Group, acting as Lead Arranger and Broker. Funds raised through the bond are expected to support projects aligned with sustainability and development priorities across the region, including climate-resilient infrastructure, renewable energy, sustainable water and wastewater management, environmental protection and other initiatives that contribute to long-term economic and social development.

The Caribbean is among the world’s most climate-vulnerable regions and continues to face significant financing gaps in the investments needed to support resilience, sustainability and long-term economic development. The Caribbean Sustainability Bond seeks to help address that challenge by creating a pathway for capital to flow into projects that deliver environmental, social and economic benefits across the region.

The launch formed part of the Caribbean Investment Forum and featured a high-level panel discussion titled “Investing in Caribbean Resilience: Introducing the Caribbean Sustainability Bond”, followed by an official launch ceremony and networking reception.

Distinguished speakers included Rodinald Soomer, Chief Executive Officer, CARICOM Development Fund; Karl Townsend, Chief Country Officer, Group Capital Markets Unit, JMMB Group Jamaica; and Meggie Eloy, Global Technical Assistance Lead, Climate Bonds Initiative.

The discussion explored the growing importance of climate finance in unlocking opportunities for regional development and examined ways to mobilise private capital to support sustainable growth and resilience across CARICOM Member States.

“For the first time in the region’s history we are launching a bond designed specifically to mobilise capital for growth and resilience – two pillars that will define the Caribbean’s future. Growth, because our economies must expand in ways that create jobs, foster innovation, and open new markets. Resilience, because we must be better prepared to decisively meet the climate, economic and social challenges posed by our present realities” said Rodinald Soomer, Chief Executive Officer of the CARICOM Development Fund.

The initiative is designed to bring together investors, development partners and project sponsors around a shared vision for the Caribbean, creating a platform capable of financing projects that support growth, resilience and long-term sustainability.

“The Caribbean Sustainability Bond creates a platform that brings together eligible projects under a single regional financing framework, presenting investors with a compelling Caribbean investment opportunity. Instead of fragmentation, we create scale, unlocking greater access to capital for projects that strengthen resilience, sustainability and long-term economic growth across the region,” said Karl Townsend, Chief Country Officer, Group Capital Markets Unit, JMMB Group Jamaica.

The regional financing framework is designed to aggregate eligible projects and connect them with a broader pool of local, regional and international investors seeking opportunities that deliver both financial returns and measurable development impact.

“Climate finance is not about the label. It is about what the money does. The Caribbean Sustainability Bond provides an opportunity to direct capital towards investments that strengthen resilience, support sustainable development and help build a more climate-ready Caribbean,” said Meggie Eloy, Global Technical Assistance Lead, Climate Bonds Initiative.

The Climate Bonds Initiative provided technical assistance in the development of the bond framework, helping to ensure alignment with recognised international sustainability standards and best practices.

The launch comes at a pivotal moment for the region. Caribbean countries continue to face increasing pressure from climate-related events, infrastructure needs and development financing gaps. The bond is expected to advance projects that support the achievement of the United Nations Sustainable Development Goals (SDGs), while helping to build a stronger, more resilient and more prosperous Caribbean.

To learn more about the Caribbean Sustainability Bond and Caribbean Sustainability Investments Limited (CSIL), visit https://csilcaribbean.com

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About JMMB Group – JMMB Group is one of the leading financial services groups in the Caribbean, serving individual and business clients across Jamaica, Trinidad and Tobago, the Dominican Republic and Barbados. The Group provides a comprehensive suite of financial solutions, including investments, banking, remittances and insurance brokering. Driven by its core value of love, JMMB Group is committed to helping individuals and businesses achieve their financial goals with integrity, transparency and excellence.

About CARICOM Development Fund (CDF) – The CDF established in 2008 is a regional financial institution in the Caribbean Community (CARICOM) mandated to provide technical and financial assistance to disadvantaged countries, regions and sectors participating in the CARICOM Single Market and Economy (CSME). The CDF is committed to providing effective, efficient and sustainable solutions that address the challenges faced by its member countries by delivering innovative solutions aimed at reducing intra-regional disparities through effective partnerships and the provision of tailor-made solutions aimed at building resilience and accelerating sustainable economic development in the Caribbean Community. The CDF is based in Barbados. 

About Climate Bond Initiative – Climate Bonds is a leading international non-governmental organisation mobilising global capital for climate action. They drive the growth of the green and sustainable debt market through science-aligned frameworks including taxonomies and standards, Certification, data and insights, and provision of expert policy and technical advice. Climate Bonds helps ensure the quality of these bonds, and provides investors, issuers and others with the information they need to participate in the market. They are the technical assistance advisor to JMMB Securities Limited.

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