The Caribbean Community has launched the Caribbean Sustainability Bond, a regional investment vehicle seeking to mobilize up to USD 250 million for climate resilience, sustainable development and economic transformation. Caribbean Sustainability Investments Limited will issue the bond, with the CARICOM Development Fund as project sponsor and JMMB Securities Ltd. as lead arranger and broker. The financing framework will aggregate eligible projects to create scale and connect them with local, regional and international investors. Proceeds are expected to support climate resilient infrastructure, renewable energy, sustainable water and wastewater management, environmental protection and other projects with environmental, social and economic benefits. The Climate Bonds Initiative provided technical assistance to align the framework with recognized international sustainability standards and practices.
Caribbean Community launches regional sustainability bond targeting up to USD 250 million
The Caribbean Community has launched a regional sustainability bond seeking to raise up to USD 250 million for resilience and sustainable development projects. The framework will aggregate eligible projects and connect them with a broader pool of investors, with proceeds expected to finance areas including climate resilient infrastructure, renewable energy and sustainable water management.