IDB Invest and CIBC Caribbean have announced an agreement establishing a Memorandum of Understanding that signals a significant step towards collaborative efforts in advancing sustainable development across the Caribbean.
CEO of IDB Invest James Scriven and CEO of CIBC Caribbean Mark St. Hill participated in the signing ceremony.
The MoU creates a comprehensive framework of cooperation between the two financial institutions, focusing on initiatives aimed at fostering the growth of small and medium-sized enterprises.
The move will also champion gender, diversity, and inclusion efforts, promoting renewable energy and energy efficiency as well as driving digitalization.
The partnership also aims to bolster climate-resilient financing across sectors, aligning with broader sustainability goals.
The objective of the partnership is to formalise a strategic alliance that facilitates seamless collaboration between IDB Invest and CIBC Caribbean.
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