According to the EIB, this intermediated framework loan with the Caribbean Development Bank (CDB) supports water, sanitation and solid waste infrastructure within CDB's 14 Borrowing Member Countries eligible for EIB lending. This operation is a sub project of the Caribbean Water, Sanitation and Ocean Program Loan (2021-0497) which received an Investment and Technical Assistance grant from the European Commission through the Caribbean Investment Facility.

The project is expected to contribute to climate action and environmental sustainability objectives, in particular to climate mitigation, climate adaptation, sustainable use and protection of water and marine resources, and environmental sustainability.

The objectives of this intermediated framework loan, match the EU's regional strategic objectives for the 2021-2027 Regional MIP for the LAC region. Specifically for the Caribbean Window, the programme would help meeting the policy objectives of the "Caribbean-EU Partnership for a Green Deal", including better water resources conservation and improved waste management. The Framework Loan is expected to result in significant positive externalities in the form of environmental and public health benefits, and will also contribute to Climate Action and Environmental Sustainability. It is in line with the Bank's latest Water Sector Orientation. Some of the schemes will be aligned with the Clean Oceans Initiative (COI).

As stated by Bloomberg, the Caribbean Development Bank (CDB) operates as a special purpose entity. The Bank provides counsultancy services to its members to expand their trade and prodution, encourage development, provide technical assistance, encourage savings, support the development of capital market. CDB serves community in Caribbean countries.

No project contacts provided at the time of disclosure.

Financial Intermediary - Caribbean Development Bank:

Address: P.O. Box 408, Wildey, St. Michael, Barbados, W. I. BB11000
Phone: +246 539 1600
Website: https://www.caribank.org/

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces