Support for Enabling Environment Conditions for the design and execution of Innovative Financial Instruments in CCB
The resources of this technical cooperation (TC) will support the Caribbean Countries Cluster of the IDB (CCB), as they design and execute innovative financial instruments, such as Debt for Climate/Nature and thematic bonds. The idea of the project s to apply lessons and build capacity to expand and adapt to all seven target countries of the ONE Caribbean Program. Innovative climate finance opportunities are essential for Caribbean countries facing increasing debt burdens. One promising avenue is the development of "green and blue bonds", which focus on funding climate as well as ocean-based climate resilience and sustainable marine projects. These bonds can attract private investment and provide new revenue streams while enhancing climate investments and promoting the protection of marine ecosystems. Another opportunity lies in leveraging blended finance mechanisms that combine public, private, and philanthropic funding to de-risk investments in climate adaptation projects. Additionally, debt-for-climate swaps, where a portion of a country's debt is forgiven in exchange for commitments to climate action, can alleviate fiscal pressures while promoting environmental sustainability. These innovative financial instruments are crucial for enabling Caribbean nations to enhance climate resilience without exacerbating their debt challenges.

Project Detail

Country

Regional

Project Number

RG-T4561

Approval Date

November 1, 2024

Project Status

Implementation

Project Type

Technical Cooperation

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

CLIMATE CHANGE FINANCING

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 750,000.00

Country Counterpart Financing

-

Original Amount Approved

USD 750,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/AC-21217-RG Sovereign Guaranteed USD - United States Dollar NDC Pipeline Accelerator Multidonor Fund Nonreimbursable
ATN/OC-21216-RG Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/AC-21217-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: NDC Pipeline Accelerator Multidonor Fund
  • Financial Instrument: Nonreimbursable
Operation Number ATN/OC-21216-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0002409-1024959962-25
TC Document
Techcnical Cooperation Document.pdf
Nov. 04, 2024
English
 Other Documents
https://www.iadb.org/document.cfm?id=EZIDB0002409-1024959962-23
Electronic Links
Procurement Plan.pdf
Nov. 04, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0002409-1024959962-21
Electronic Links
Results Matrix.pdf
Nov. 04, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0002409-1024959962-22
Electronic Links
Terms of Reference.pdf
Nov. 04, 2024
English
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZIDB0002409-1024959962-6
TC Abstract
Technical Cooperation Abstract.pdf
Sep. 16, 2024
English

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