IDB Underwrites Barbados’ Sustainable Energy Fund

The Inter-American Development Bank will release USD10 million in loan to back Barbados’ Smart Fund, a facility that will invest in renewable energy and energy efficiency programs so as to lower the country’s dependency on imported fossil fuels. The country expects the fund to facilitate the generation of at least 1,000 kilowatts of renewable energy and savings of at least 500 megawatt-hours per year by 2014.

About the author

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    Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.