Caribbean to use loans to ready for climate change

Policy
By The Associated Press on February 28, 2012

International lenders will give $65 million in concessionary loans to 18 Caribbean nations to help the islands defend their coasts and fragile economies from the impact of climate change.

The European Investment Bank will channel its lending through the Barbados-based Caribbean Development Bank, which announced the initiative Monday.

The program will provide low-cost funds for public and private sector projects that deal with climate change adaptation or help reduce carbon emissions.

Tags: 
Caribbean
Climate Change
European Investment Bank
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