CDB receives 50 million dollar grant to counter climate change effects

The Caribbean Development Bank (CDB) has received a 50 million dollar grant to counter the effects of climate change and supporting the sustainable development of Caribbean countries.
The funds were received from an Italian National Promotional Institution to the CDB.
The CDB says the financing is earmarked through the Revolving Fund for Development Cooperation and will expand the pool of loans that it already makes available to its Borrowing Member Countries.

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