The Glasgow Financial Alliance for Net Zero (GFANZ) has launched a Caribbean Chapter as an extension of its Latin America and Caribbean Network, aiming to address local barriers to investment and mobilize private capital for the region’s transition, adaptation and resilience needs. The Chapter will work with partners including multilateral development banks to identify high-potential projects and strengthen the project pipeline by linking local projects and financiers with technical assistance and project preparation support, with the goal of increasing international private finance flows. It will also support capacity building for Caribbean financial institutions, focusing on risk management, transition planning and disclosures, and will convene local institutions through workshops and events in collaboration with initiatives such as the Global Capacity Building Coalition. Regional collaboration will include working with the Caribbean Climate-Smart Accelerator to connect project developers, policymakers and governments to identify priorities, financing barriers and solutions. GFANZ’s global secretariat will support the Chapter, which will be led by a Caribbean Chapter Director and guided by a consultative group of Caribbean finance professionals and climate experts. In its first year, the consultative group will be chaired by Racquel Moses, and at launch included CAF – Development Bank of Latin America and the Caribbean, the Caribbean Development Bank, the Eastern Caribbean Central Bank and Republic Financial Holdings.

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