IBRD Trust Funds - World Bank

Published purpose

This project addresses challenges facing the private sector in the member countries of the Caribbean Community (CARICOM), mainly by means of technical assistance. The technical assistance focuses on three areas: (1) Catalyzing private sector participation and investment in transport, power, water, and communications infrastructure. This includes output-based aid initiatives that subsidize the cost of extending infrastructure to disadvantaged areas, dependent upon positive results and projected sustainability of the new infrastructure. (2) Enabling financial institutions to increase the number of loans they provide to underserved micro, small, and medium-sized enterprises (MSMEs), which typically do not have sufficient collateral to qualify for such loans. (3) Promoting regulatory simplification as an aid to private sector development. The project is implemented by the International Finance Corporation (IFC), the private sector arm of the World Bank Group.