The Inter-American Development Bank and the Caribbean Shipping Association (CSA) have agreed to collaborate to help decarbonize the shipping industry.
The memorandum of understanding was signed by IDB Vice President for Countries Richard Martínez, CSA President Lindsay Marc Sampson, and CSA General Manager Milaika Capella Ras during the IDB and IDB Invest's Annual Meeting.
The agreement aims to expedite the decarbonization of the shipping industry while simultaneously enhancing the economic and social development of the region.
Over the course of this three-year arrangement, both institutions will collaborate on different activities, including studies focused on decarbonizing maritime transport and improving the operations of seaports and harbors in the Caribbean.
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