📋 Tender Overview
The Caribbean Development Bank (CDB, the Bank) has embarked on an important round of stakeholder consultations with representatives from 14 CARICOM member states and key regional institutions supporting the mobilisation of climate finance and the energy and transport sectors. The consultations are part of the preparatory phase for the proposal to establish the (RP-Caribbean), a historic, first-of-its-kind initiative designed to unlock climate financing and address barriers to climate action at scale across the region. The proposal will be submitted to the Green Climate Fund (GCF) by the end of September 2025.
This bold initiative was originally announced by the Prime Minister of Barbados, the Honourable Mia Amor Mottley, at the 2025 GCF Regional Dialogue held in St. Kitts and Nevis. RP-Caribbean will be operationalised through financing from the GCF Readiness Programme with contributions from participating CARICOM Member States.
A Bold Vision for Regional Climate ActionRP-Caribbean offers an innovative mechanism for implementing key priority activities across the region and sectors through an integrated programmatic approach. By addressing systemic barriers such as fragmented climate finance flows, limited fiscal space, and technical gaps, the Platform aims to catalyse investment and accelerate progress toward shared climate and development goals.
The Platform seeks to support regional priorities, including:
Sustainable energy transition, including intra-island grid connectivity and geothermal energy infrastructure development;
Enhanced regional connectivity through resilient transport systems and infrastructure;
Innovative financial instruments (e.g., debt-swaps and specialised funds) to support climate investments without increasing debt burdens;
Youth capacity building to empower the next generation to engage in climate solutions.
Stakeholder Consultations Key to SuccessOver the coming weeks, CDB will finalise consultations with national stakeholders and regional entities to ensure that the Platforms design reflects local and regional needs while aligning with ongoing initiatives.
said CDB President, Mr. Daniel Best.
The consultations provide a critical opportunity to refine key components of the GCF Readiness Proposal, ensuring that the indicative activities and deliverables address the specific needs of CARICOM Member States.
Division Chief of CDBs Environmental Sustainability Unit, Ms. Valerie Isaac, added,
Next StepsCDB remains on track to submit the final GCF proposal by the end of September 2025. Following this, approval from the GCF is anticipated before year-end, paving the way for the Platforms operationalisation. Collaborations between CDB, the Organisation of Eastern Caribbean States (OECS) Commission, the Eastern Caribbean Central Bank (ECCB), the World Bank, and other regional entities will continue to ensure alignment and maximise synergies across related projects.
RP-Caribbean represents a transformative effort to address shared climate challenges through regional collaboration and innovative solutions, heralding a new era for climate action in CARICOM Member States.###
