The Multilateral Investment Fund (MIF) of the IDB Group is investing US$1.5 million to launch an initiative to help Caribbean coastal communities combat the impacts of climate change.
According to a press release, the initiative in partnership with CARIBSAVE, a Caribbean non-profit organisation, will work directly in eight coastal communities with 1,200 entrepreneurs and 50 micro, small and medium-sized enterprises (MSMEs) in Jamaica, Barbados, The Bahamas and Belize to bolster new business practices to minimise the impact of climate change on production.
“The project will provide locally relevant knowledge that could promote more effective decision-making, planning and management in coastal areas susceptible to climate change hazards. It will also
