Glasgow Financial Alliance for Net Zero launches a Caribbean Chapter to mobilise private capital and build regional capacity

The Glasgow Financial Alliance for Net Zero (GFANZ) has launched a Caribbean Chapter as an extension of its Latin America and Caribbean Network, aimed at addressing local barriers to investment and supporting capital mobilisation initiatives across the region. 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. It will also provide capacity building for Caribbean financial institutions, focusing on risk management, transition planning and disclosures, and will convene market participants through workshops and events in collaboration with initiatives such as the Global Capacity Building Coalition. Regional partnerships, including with the Caribbean Climate-Smart Accelerator, are intended to connect project developers, policymakers and governments to identify priorities, financing barriers and solutions. The Chapter will be supported by the GFANZ global secretariat and led by a Caribbean Chapter Director, with a consultative group providing strategic guidance. In its first year the group will be chaired by Racquel Moses, with launch members including CAF – Development Bank of Latin America and the Caribbean, the Caribbean Development Bank, the Eastern Caribbean Central Bank and Republic Financial Holdings.