The CARICOM Committee of Central Bank Governors has signed an agreement with the International Finance Corporation to facilitate new climate friendly projects across the region.
The agreement is intended to pave the way for greater investment in climate-friendly projects to drive sustainable economic growth.
Under the agreement, CARICOM Committee of Central Bank Governors and the IFC, will work together to develop guidelines and parameters to clearly define green assets.
The central bank governors said agreement will deepen finance options in the English-speaking Caribbean, encouraging more lending and investment to support each country's climate mitigation and adaptation goals.
The Caricom grouping hopes to create the infrastructure needed to channel more private capital toward climate-resilient projects - from renewable energy systems to hurricane-resistant infrastructure
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