IDB - Inter-American Development Bank
$6,850,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Belize
- Fiscal year
- 2015-2016
- Agreement period
- March 21, 2016 – December 31, 2024
- Project status
- Closed
- Reference
- CA-3-D002427001
Published purpose
This project aims to increase the adoption of renewable energy and energy efficiency in the Caribbean by working with microfinance institutions (MFIs) to develop green financial products. These products are suitable for micro-, small- and medium-sized enterprises (MSMEs) and low-income households to take advantage of renewable energy and energy efficiency solutions. Project activities include: (1) identifying technical assistance and green technology providers and matching them to partner MFI’s; (2) completing loan portfolio vulnerability assessments and strengthening management information for each participating MFI; (3) developing a loan portfolio risk management strategy for each participating MFI; and (4) developing and making green finance products available for MSMEs and low-income households.
In plain English AI-generated
This project supports Caribbean microfinance institutions in developing green financial products to increase adoption of renewable energy and energy efficiency among small businesses and low-income households.
Category: Climate Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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