PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

609465

Primary Business Area

Financial Institutions Group

Disclosure Date

Apr 10, 2025

Country

Caribbean Subregion

Region

Latin America and the Caribbean

IFC Approval Date

Mar 17, 2025

Status

Active

Estimated Total Budget

$2,260,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 11, 2025

Project Estimated Start Date

Mar 3, 2025

Project Estimated End Date

Dec 31, 2028

Project Description

IFC will support regional institutions such as the Caribbean Community (CARICOM) Committee of Central Bank Governors and the Eastern Caribbean Securities Regulatory Commission (ECSRC) in creating resources such as a green finance taxonomy, thematic bond guidelines, and sustainability principles guidelines. These resources are expected to incentivize green financing and inform green financing frameworks for the financial sector in the English-Speaking Caribbean. Additionally, IFC will collaborate with financial institutions and other market players in the region to develop and implement large-scale initiatives such as seminars and workshops, promoting knowledge sharing and best practices in green financing. IFC will also develop a targeted training program for financial institutions in the region to improve their ability to implement and manage green finance solutions effectively. Furthermore, IFC will provide direct support to financial institutions to lay the foundation for climate products, including climate risk and opportunities, sustainability principles, adaptation finance, and green financial instruments. This support aims to consolidate and accelerate the green finance transformation in the financial sector.

Development Results

E&S Risks / Impacts and Mitigation