The Eastern Caribbean Central Bank (ECCB) and CAF – Development Bank of Latin America and the Caribbean have signed a Memorandum of Understanding to cooperate on mobilising climate and development finance for the Eastern Caribbean Currency Union (ECCU). The framework is intended to strengthen financial systems, expand access to climate finance and support the region’s transition toward greener, more resilient and digitally connected economies. The partnership will prioritise renewable energy and energy security, digital transformation, private sector competitiveness and institutional capacity building. The MOU was signed on the margins of the 2025 Annual Meetings of the World Bank Group and the International Monetary Fund in Washington, D.C., by CAF Executive President Sergio Díaz-Granados and ECCB Governor Timothy N. J. Antoine, and is positioned as a channel for development financing, technical expertise and grants across the ECCU’s eight member jurisdictions.
Eastern Caribbean Central Bank 2025-10-17
Eastern Caribbean Central Bank signs cooperation agreement with CAF to mobilise climate and development finance for the Eastern Caribbean Currency Union
The Eastern Caribbean Central Bank and CAF – Development Bank of Latin America and the Caribbean have signed a Memorandum of Understanding to enhance climate and development finance for the Eastern Caribbean Currency Union. The partnership will focus on renewable energy, digital transformation, and institutional capacity building. The MOU aims to strengthen financial systems and support the region's transition to greener, more resilient economies.