The general objective of this child project is to support the sustainable management of hazardous Chemicals and Wastes (C&W) in the Caribbean. Its specific objectives are: (i) to finance the development and strengthening of policy, legal, regulatory, and financial frameworks, tools, and instruments; and (ii) to channel financing to the private and public sectors to advance the sustainable management of hazardous C&W. A Facility will be created to support private sector companies and public sector entities to move towards a safe chemical development pathway. The Facility will deploy funding through two financing instruments: i) non-reimbursable technical assistance, and ii) investments grants that will directly assist blended finance investments or raise concessionality of possible IDB loans to Governments and the private sector.

Project Details

GEF Project ID
10258
Country
Regional
Implementing Agencies
Inter-American Development Bank
Approval FY
2021
Status
Project Approved
Region
Regional
Executing Agencies
Basel Convention Regional Centre - Caribbean (BCRC) + GIZ + Private Companies
GEF Period
GEF - 7
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund

Financials

USD
Project Preparation Grant Amount
300,000
Co-financing Total
75,000,000
GEF Project Grant
10,000,000
GEF Agency Fees
900,000
Total Cost 85,300,000

Timeline

Received by GEF
17 Jun 2019
Concept Approved
23 Jul 2019
Project Approved for Implementation
09 Jul 2021