European Investment Bank vows more support to the region

The European Investment Bank has pledged to the Caribbean Development Bank more direct involvement in forging climate resistant initiatives at rates beneficial to Caribbean countries.

The EIB's Vice President responsible for the Caribbean, Pim van Ballekom, concluded an official visit to Barbados which is the first stop in a Caribbean journey.

The EIB’s Vice President responsible for the Caribbean, Pim van Ballekom, concluded an official visit to Barbados which is the first stop in a Caribbean journey.

The VP indicated Barbados and another destination may be slated for satellite branches of the EIB with assistance from the CDB;-

The financial executive apologised for the EIB not having paid a courtesy call sooner, especially since the Caribbean affords some of its best clientele;-

The EIB is the world’s largest fiscal facilitator for climate related investment and just indicated 35% of future lending in territories most vulnerable to climate change, will support climate related projects.

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