Caribbean Sustainable Finance Architecture continues to grow with injection of 25.5 Million Euros from KfW on behalf of the German Government
The Caribbean Biodiversity Fund (CBF) and the German Development Bank (KfW), have partnered again to expand the CBF’s Conservation Finance Program with a new injection of 25.5 Million Euros to the CBF Endowment.
Established in 2012, the Caribbean Biodiversity Fund (CBF) is the realization of a bold vision to create reliable, long-term funding for conservation and sustainable development in the Caribbean region. The CBF and a group of National Conservation Trust Funds (NCTFs) together form the Caribbean Sustainable Finance Architecture.
Working as an umbrella fund with a flexible structure to implement innovative solutions for resource mobilization at the regional level, the CBF currently has two programs:
Conservation Finance Program, anchored by a US$75 million endowment fund;
Climate Change Program, anchored by a US$27 million sinking fund focused on Ecosystem-based Adaptation (EbA).