IDB - Inter-American Development Bank

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.