The European Investment Bank (EIB) is partnering with the European Commission to improve water and sanitation networks in the Caribbean.
The EIB’s €150 million ($157 million) program loan will help to improve climate resilience and contribute to healthy oceans through new investments in security of water supply, wastewater treatment, solid waste and storm-water management across the region.
“Clean water and sanitation are crucial for sustainable economic growth, and for protecting health during infectious disease outbreaks such as the COVID-19,” said Ricardo Mourinho, vice president of EIB. “As the largest lender to the water sector globally, the EIB is pleased to be financing and providing its expertise to improve the region’s drinking water and sanitation services. This project contributes to the Clean Oceans Initiative and builds on our strong track record of supporting high-impact investment in the Caribbean in the context of the wider EU Team Europe In