CARICOM Development Fund clinches US$1m pact with India

In photo, Mahender Singh Kanyal (left), High Commissioner of India to Barbados (Designate) signing the Contribution Agreement with Chief Executive Officer of the CDF, Rodinald Soomer

India and the CARICOM Development Fund (CDF) signed a Contribution Agreement on January 19th, 2019, in Paramaribo Suriname which provides for a grant allocation of US$1m to the CDF’s capital fund.

A release from the CDF said that India becomes the latest International Development Partner to enter formal ties with the CDF during its Second contribution and subvention cycle, which runs from 2015 to 2020.

The resources will support implementation of the CDF’s mandate to provide financial and technical assistance to disadvantaged countries, regions and sectors within CARICOM…..

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