The Caribbean Development Bank approved USD 232,000 in grant funding under its Special Development Fund 11 program to strengthen development finance institutions across its borrowing member countries. The initiative will help participating institutions improve financing for small and medium-sized enterprises, climate resilience, renewable energy and sustainable development. At least 11 development finance institutions and more than 300 professionals are expected to benefit from training in SME credit risk management, sector financing, environmental, social and governance standards, and climate and sustainability finance. Participants will also receive access to the SME eSMART digital credit assessment platform to support more efficient and consistent evaluation of loan applications. Caribbean Information and Credit Rating Services Limited will help deliver the project.

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