Partners

Donors and Partners

German Government through the German Development Bank (KfW)

KfW has pledged  €20 Million  capitalize of the CBF of which approximately €15 Million have been deposited. Returns on investments are earmarked for seven countries including: Antigua and Barbuda, Dominican Republic, Grenada, Jamaica, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

Global Environmental Facility / The World Bank

The GEF through the World Bank  has pledged and deposited US$7.2 Million for the capitalization of the CBF. Returns on investments are earmarked for Antigua and Barbuda, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. In addition, the World Bank in collaboration with The Nature Conservancy and the respective ministries of environment and finance in the five CBF Eastern Caribbean countries are supporting the establishment of the National Protected Area Trust Funds, which are in the process of initiating the CBF Eligibility Procedures Process.

Global Environmental Facility/ UNDP

The GEF through UNDP  has pledged US$750,000 for the capitalization of the CBF. Returns on investments will be earmarked for Jamaica. In addition, UNDP in collaboration with the Ministry of Environment  and Natural Resources of the Dominican Republic and the National Environmental Protection Agency (NEPA) of Jamaica is supporting the establishment of Fundo MARENA and the National Conservation Trust of Jamaica. These two funds are in the process of initiating the CBF Eligibility Procedures Process. 

The Nature Conservancy

 The Nature Conservancy (TNC)  has pledged US$8 Million to capitalize the CBF of which US$1.5 Million have been deposited to date. Returns on investments are earmarked for eight countries including: Antigua and Barbuda,  The Bahamas, Dominican Republic, Grenada, Jamaica, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.  In addition, TNC in collaboration with The Word Bank and the respective ministries of environment and finance in the five CBF Eastern Caribbean countries are supporting the establishment of the National Protected Area Trust Funds, which are in the process of initiating the CBF Eligibility Procedures Process.

 

 

 Caribbean Challenge Initiative

 

The CBF plays a central role in supporting the Caribbean Challenge Initiative's goals and specifically the sustainable financing goal, which is to have in place a fully functioning financial mechanisms that will provide reliable funding to conserve and sustainably manage the marine and coastal resources and the environment over the long term.

 

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