{"id":22205,"date":"2022-05-19T22:23:23","date_gmt":"2022-05-20T03:23:23","guid":{"rendered":"https:\/\/projectcalls.com\/dev?p=22205"},"modified":"2022-05-19T14:52:47","modified_gmt":"2022-05-19T19:52:47","slug":"new-agreement-to-accelerate-financing-for-climate-projects-in-the-caribbean","status":"publish","type":"post","link":"https:\/\/projectcalls.com\/dev\/new-agreement-to-accelerate-financing-for-climate-projects-in-the-caribbean\/","title":{"rendered":"New agreement to accelerate financing for climate projects in the Caribbean"},"content":{"rendered":"<p>Jamaica<\/p>\n<p class=\"article__body\">\u00a0The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) have signed a new agreement enabling them to better support climate resilient projects throughout Latin America and the Caribbean.<\/p>\n<p class=\"article__body\">They said the Mutual Reliance Agreement will improve project implementation and monitoring, empowering the EIB and the IDB to finance climate-focused investment more efficiently.<\/p>\n<p class=\"article__body\">The initiative enhances efforts by both banks to harmonise their work on projects and make development resources more effective.<\/p>\n<p class=\"article__body\">Specifically, the new agreement allows the EIB and the IDB to delegate to each other procurement tasks related to project preparation, implementation, and monitoring. That will improve joint financing arrangements, increase efficiency, and reduce transactional costs for partners in the region.<\/p>\n<p class=\"article__body\">In practical terms, for each new project that is co-financed, partners will now be able to designate a lead co-financier whose procurement policies will govern the project, with the other co-financier relying on the lead\u2019s work.<\/p>\n<p class=\"article__body\">The agreement also bolsters the banks\u2019 commitment to streamlining procurement activities for promoters and recipients and enables multilateral development banks (MDBs) to monitor procurement activities more efficiently.<\/p>\n<p class=\"article__body\">The agreement was signed during a bilateral meeting between EIB President, Werner Hoyer, and IDB President Mauricio Claver-Carone, on the margins of the Spring Meetings of the World Bank Group and the International Monetary Fund here.<\/p>\n<p class=\"article__body\">It will increase the coherence of co-financed operations and improve the ability of both institutions to identify development priorities and determine in which countries these operations can have the greatest development impact.<\/p>\n<p class=\"article__body\">\u201cLatin America and the Caribbean have all the right conditions to become a global renewable energy hub. Today, we are marking an important step to unlock investment opportunities in partnership with IDB, focusing on increasing the impact of our joint support for growth, innovation, climate action and resilience,\u201d said Hoyer.<\/p>\n<p class=\"article__body\">\u201cAt the Inter-American Development Bank, over the past two years we have strived to expand our support to the region and improve the way we respond to the needs of our member countries. As a result, we\u2019ve reached unprecedented financing levels.<\/p>\n<p class=\"article__body\">\u201c It is critical that we continue to improve how we work with partners to maximise synergies, facilitate co-financing, and streamline processes to ensure our work is as efficient, effective and approachable as possible. This new agreement with the European Investment Bank achieves this very goal, optimising the process for joint financing and enabling our organisations to double down on our work together,\u201d said Claver-Carone.<\/p>\n<p class=\"article__body\">The EIB-IDB partnership supports projects that promote climate action and attract private investment in Latin America and the Caribbean. The banks co-finance projects across the region, and are also building on their ongoing work to co-finance projects by funding additional sovereign guaranteed operations.<\/p>\n<p><a href=\"https:\/\/www.jamaicaobserver.com\/latest-news\/new-agreement-to-accelerate-financing-for-climate-projects-in-the-caribbean\/\" target=\"_blank\" rel=\"noopener\">more<\/a><\/p>\n<p>\u00a0<\/p>\n<p><em>image: pexels-marta-ortigosa<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jamaica \u00a0The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) have signed a new agreement enabling them to better support climate resilient projects throughout Latin America and the&#8230;<\/p>\n","protected":false},"author":1091,"featured_media":22206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[250],"tags":[233,237,124],"class_list":["post-22205","post","type-post","status-publish","format-standard","has-post-thumbnail","category-articles","tag-climate-weather","tag-financial-services","tag-jamaica"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/05\/pexels-marta-ortigosa-3480494-scaled-e1652989694340.jpg?fit=1024%2C683&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6u9Qa-5M9","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":25272,"url":"https:\/\/projectcalls.com\/dev\/cdb-idb-world-bank-endorse-jamaicas-procurement-system\/","url_meta":{"origin":22205,"position":0},"title":"CDB, IDB, World Bank Endorse Jamaica\u2019s Procurement System","author":"Mayra Bonilla Lopez","date":"November 24, 2022","format":false,"excerpt":"Jamaica Three International Financial Institutions (IFIs) have endorsed the Government of Jamaica\u2019s new electronic procurement system. Electronic procurement or e-procurement is the process of requesting, ordering and purchasing goods and services digitally utilising a system accessible by registered users. The innovation - which was implemented to support the process of\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-soumil-kumar-735911-scaled-e1666942765270.jpg?fit=1025%2C684&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-soumil-kumar-735911-scaled-e1666942765270.jpg?fit=1025%2C684&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-soumil-kumar-735911-scaled-e1666942765270.jpg?fit=1025%2C684&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2022\/10\/pexels-soumil-kumar-735911-scaled-e1666942765270.jpg?fit=1025%2C684&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":33035,"url":"https:\/\/projectcalls.com\/dev\/cdb-eib-launch-us9-86-million-project-to-improve-saint-lucia-health-care-systems\/","url_meta":{"origin":22205,"position":1},"title":"CDB, EIB Launch US$9.86 million Project to Improve Saint Lucia Health Care Systems","author":"Mayra Bonilla Lopez","date":"March 7, 2024","format":false,"excerpt":"Saint Lucia A planned upgrade of the Saint Lucia Health Systems made possible through a USD9.86 million loan from the Caribbean Development Bank (CDB), financed by the European Investment Bank (EIB), will begin shortly following a launch in Saint Lucia today. Nearly USD2 million will be utilised for purchasing critical\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2017\/08\/medical-appointment-doctor-healthcare-Pixabay-pexels-e1713481653466.jpeg?fit=1024%2C682&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2017\/08\/medical-appointment-doctor-healthcare-Pixabay-pexels-e1713481653466.jpeg?fit=1024%2C682&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2017\/08\/medical-appointment-doctor-healthcare-Pixabay-pexels-e1713481653466.jpeg?fit=1024%2C682&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2017\/08\/medical-appointment-doctor-healthcare-Pixabay-pexels-e1713481653466.jpeg?fit=1024%2C682&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15401,"url":"https:\/\/projectcalls.com\/dev\/cdb-idb-sign-us50-million-loan-for-covid-19-response-in-the-oecs\/","url_meta":{"origin":22205,"position":2},"title":"CDB, IDB sign US$50 million loan for COVID-19 response in the OECS","author":"Michele Marius","date":"February 9, 2021","format":false,"excerpt":"The Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) today signed a US$50 million loan agreement to support COVID-19 response projects in the\u00a0Organisation\u00a0of Eastern Caribbean States (OECS) Member States. The agreement was signed by CDB Vice-President (Operations), Diana Wilson Patrick and IDB Representative in Barbados,\u00a0Juan Carlos De la\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/04\/Handshake-Cytonn-Photography-Pexels.jpeg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/04\/Handshake-Cytonn-Photography-Pexels.jpeg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/04\/Handshake-Cytonn-Photography-Pexels.jpeg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/04\/Handshake-Cytonn-Photography-Pexels.jpeg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4731,"url":"https:\/\/projectcalls.com\/dev\/idb-provides-us248-million-for-key-government-initiatives\/","url_meta":{"origin":22205,"position":3},"title":"IDB Provides US$248 Million for Key Government Initiatives","author":"Michele Marius","date":"March 7, 2018","format":false,"excerpt":"The Inter-American Development Bank (IDB) has provided US$248 million in loan support for three key government initiatives. A total of US$160 million has been earmarked for the Public Sector Transformation Project; US$68 million for the National Identification System (NIDS); and US$20 million to further boost national security technology inputs. Finance\u2026","rel":"","context":"In &quot;News\/Developments&quot;","block_context":{"text":"News\/Developments","link":"https:\/\/projectcalls.com\/dev\/category\/newsdevelopments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Pink-Piggy-Bank-On-Top-Of-A-Pile-Of-One-Dollar-Bills-Ken-Teegardin-flickr-1.jpg?fit=1024%2C697&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Pink-Piggy-Bank-On-Top-Of-A-Pile-Of-One-Dollar-Bills-Ken-Teegardin-flickr-1.jpg?fit=1024%2C697&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Pink-Piggy-Bank-On-Top-Of-A-Pile-Of-One-Dollar-Bills-Ken-Teegardin-flickr-1.jpg?fit=1024%2C697&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/03\/Pink-Piggy-Bank-On-Top-Of-A-Pile-Of-One-Dollar-Bills-Ken-Teegardin-flickr-1.jpg?fit=1024%2C697&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":35017,"url":"https:\/\/projectcalls.com\/dev\/idb-group-ifad-collaborate-to-assist-latin-america-caribbean\/","url_meta":{"origin":22205,"position":4},"title":"IDB Group, IFAD collaborate to assist Latin America, Caribbean","author":"Mayra Bonilla Lopez","date":"July 4, 2024","format":false,"excerpt":"Caribbean IDB Group, IFAD collaborate to assist Latin America, Caribbean The Inter-American Development Bank Group (IDB Group) and the International Fund for Agricultural Development (IFAD) receny signed a memorandum of understanding to better support rural and indigenous people in Latin America and the Caribbean, especially in the Amazon region, by\u2026","rel":"","context":"In &quot;Articles&quot;","block_context":{"text":"Articles","link":"https:\/\/projectcalls.com\/dev\/category\/articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/07\/pexels-timur-weber-9532305-scaled-e1720051901984.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/07\/pexels-timur-weber-9532305-scaled-e1720051901984.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/07\/pexels-timur-weber-9532305-scaled-e1720051901984.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2024\/07\/pexels-timur-weber-9532305-scaled-e1720051901984.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5908,"url":"https:\/\/projectcalls.com\/dev\/idb-and-cdb-jointly-host-integrity-workshop-in-guyana\/","url_meta":{"origin":22205,"position":5},"title":"IDB and CDB jointly host integrity workshop in Guyana","author":"Michele Marius","date":"June 15, 2018","format":false,"excerpt":"On Wednesday, May 23, the Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) together hosted an integrity workshop in Georgetown, Guyana. This joint workshop is the first in a series of events aimed at promoting integrity in CDB and IDB development financing interventions in each institution\u2019s respective Borrowing\u2026","rel":"","context":"In &quot;News\/Developments&quot;","block_context":{"text":"News\/Developments","link":"https:\/\/projectcalls.com\/dev\/category\/newsdevelopments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2017\/09\/Workshop-Pixabay-Pexels.jpeg?fit=1200%2C750&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2017\/09\/Workshop-Pixabay-Pexels.jpeg?fit=1200%2C750&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2017\/09\/Workshop-Pixabay-Pexels.jpeg?fit=1200%2C750&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2017\/09\/Workshop-Pixabay-Pexels.jpeg?fit=1200%2C750&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2017\/09\/Workshop-Pixabay-Pexels.jpeg?fit=1200%2C750&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/22205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/users\/1091"}],"replies":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/comments?post=22205"}],"version-history":[{"count":3,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/22205\/revisions"}],"predecessor-version":[{"id":22224,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/posts\/22205\/revisions\/22224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/media\/22206"}],"wp:attachment":[{"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/media?parent=22205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/categories?post=22205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/projectcalls.com\/dev\/wp-json\/wp\/v2\/tags?post=22205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}