The Caribbean Community Resilience Fund (CCRF) is a strategic initiative developed to address the critical issue of climate change, which disproportionately impacts disadvantaged communities across the Caribbean. By enhancing economic and climate resilience, the Fund aims to reduce inequalities and support sustainable development in CARICOM Member States.
Launch and Structure of the CCRF
On January 29, 2024, the CCRF was officially launched in partnership with the United States Agency for International Development (USAID) in Barbados. The CCRF is a dual-structure investment vehicle that combines equity and debt components, with a target capitalization of US$100 million to US$135 million.
The Fund was designed with technical assistance from USAID’s Eastern and Southern Caribbean office and serves as an integrated and transformative vehicle that allows investors to generate both social and economic returns. Its primary focus is on investing in projects within the region, aimed at building climate resilience and economic sustainability, developed by SMEs and includes essential infrastructure projects . Sygnus Capital Limited, a leading Caribbean alternative investment firm, has been appointed as the Fund Manager.
Key Objectives of CCRF
The CCRF aims to achieve the following objectives:
- Climate Action
The Fund will focus on mitigating and adapting to climate change, and contributing to the reduction of greenhouse gas emissions (GHG) within the Caribbean region. - Capital Accessibility
By leveraging concessional capital, CCRF will attract commercial investors and facilitate financial support to underserved markets, particularly those vulnerable to climate risks. - Regional Impact Exposure
CCRF will offer investors access to high-impact investments aimed at building resilience across CARICOM Member States, and contributing to the long-term sustainability of the region. - Capacity Building
The Fund will allocate US$7.5 million for technical assistance aimed at improving the investment readiness of participating enterprises, and enhancing their capacity to implement and scale resilience-focused projects.
Focus Sectors of the CCRF
The CCRF targets seven key sectors critical to building economic and climate resilience
Energy
Transport
Blue Economy
Information and Communication Technology (ICT)
Financial Services
Climate-Smart Agriculture
Sustainable Housing
Energy
Transport
Blue Economy
Information and Communication Technology (ICT)
Climate-Smart Agriculture
Financial Services
Sustainable Housing
These sectors are strategically chosen to foster long-term resilience, improve livelihoods, and drive sustainable growth across the Caribbean. However, the Fund will consider investment opportunities in other sectors that align with climate and economic resilience building.
Investor Opportunities available within the CCRF
Interested investors can explore opportunities within the CCRF by accessing a range of projects aimed at fostering climate adaptation and economic resilience in the Caribbean. Investors are encouraged to connect with Sygnus Capital Limited for detailed investment opportunities and guidance on participating in the CCRF .
For more information on investment opportunities, please visit the Sygnus Capital website or the CCRF
The Caribbean Community Resilience Fund is a blended financing product designed to be a transformative tool in the region’s climate resilience efforts, providing the financial and technical resources needed to the private sector to strengthen vulnerable communities and foster sustainable development across the Caribbean.