CARICOM Development Fund (CDF) Signs US$ 1 million Contribution Agreement with Government of India
The Government of India and the CARICOM Development Fund (CDF) signed a Contribution Agreement on Saturday January 19th, 2019, in Paramaribo Suriname, which provides for a grant allocation of US$ 1 million to the CDF’s capital fund. India becomes the latest International Development Partner to have established formal ties with the CDF during its Second contribution and subvention cycle, which runs from 2015 to 2020, and this comes on the heels of the recent celebration of the 10th Anniversary of the establishment of the CDF, which became operational in November 2008.
These resources will support implementation of the CDF’s mandate to provide financial and technical assistance to disadvantaged countries, regions and sectors within CARICOM, in accordance with Article 158 of the Revised Treaty of Chaguaramas establishing the Caribbean Community, including the CARICOM Single Market and Economy (CSME). The funds will be allocated towards programmes in CDF Member Countries in one or more of four (4) thematic areas, namely: Renewable Energy and Energy Efficiency; Sector-specific physical infrastructure to facilitate private sector trade and investment and resilience-building; Concessional financing for SMEs; and Human Resource Development.
The current Member Countries of the CDF are:- Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname and Trinidad and Tobago.
The Board and Management of the CDF wish to express their appreciation and highest regards to the Government and People of India for their support in furthering the development and resilience of the Caribbean Community which has historical ties to India and is home to a large Indian diaspora community.
You may also be interested in:
La CSME, la seguridad alimentaria y la financiación climática encabezan la agenda de la Cumbre de CARICOM en las Bahamas.
The CARICOM Single Market and Economy (CSME); food security; climate change and climate finance; health; and security will be among the major topics when Heads of Government of
La Secretaría de CARICOM y la Agencia Caribeña para Soluciones de Justicia (CAJS) forjan una alianza para acelerar la transformación digital.
La Secretaría de CARICOM (CCS) y la Agencia Caribeña para Soluciones de Justicia (CAJS) han establecido una importante alianza con el objetivo de impulsar la transformación digital y mejorar la pre
Related Stories
La CSME, la seguridad alimentaria y la financiación climática encabezan la agenda de la Cumbre de CARICOM en las Bahamas.
The CARICOM Single Market and Economy (CSME); food security; climate change and climate finance; health; and security will be among the major topics when Heads of Government of
Remarks by the Incoming Chair of the Council for Foreign and Community Relations (COFCOR), the Hon. Vince Henderson, Minister of Foreign Affairs, International Business, Trade and Energy of the Commonwealth of Dominica at the Opening Ceremony of the Twenty-Seventh Meeting of COFCOR, 23 May 2024, Roseau, Dominica
Dr. Carla N. Barnett, Secretary-General of the Caribbean Community (CARICOM);