News
JAM | May 8, 2024

Jamaican launch of CARICOM Resilience Fund set for this week

/ Our Today

administrator
Reading Time: 2 minutes
Berisford Grey, president and CEO of Sygnus Capital, introduces the CARICOM Resilience Fund at the launch ceremony held in Barbados in January 2024. (Photo: Contributed)

Durrant Pate/Contributor

The Jamaican launch of the groundbreaking US$100 million Caribbean Community Resilience Fund (CCRF) takes place this Thursday (May 9) at the AC Hotel by Marriott in New Kingston.

This launch event, which commences at 4:00 pm, marks a significant milestone in the Caribbean’s journey towards climate resilience and economic sustainability.

The fund will be managed by Sygnus Group, which has operations in Jamaica, St. Lucia and Puerto Rico and is a leading alternative investment manager in the Caribbean with a mission to accelerate economic growth, generate returns across asset classes, and increase access to capital in the region.

The CARICOM Development Fund and Sygnus, supported by USAID have partnered to establish this new US$100 million investing fund, which is dedicated to supporting initiatives that will enhance growth and resilience across the region in the face of climate change.

The fund promises to revolutionise the region’s approach to tackling climate change and fostering growth.

(Photo: Contributed)

The CCRF will target seven key resilience sectors inclusive of energy, housing, transport, blue economy, ICT, finance and agriculture. The launch will feature a special guest Finance Minister Dr Nigel Clarke, who will address the event.

The CCRF was officially launched in January this year in Bridgetown, in an event presided over by Barbadian Prime Minister Mia Mottley and US Ambassador to the Eastern Caribbean Roger Nyhus. 

Tags
AC Marriot Kingston hotel Caribbean Community Caribbean Community Resilience Fund CARICOM Development Fund climate change financing Jamaica Sygnus Group United States Agency for International Development

Comments

What To Read Next

News CARIB Sep 23, 2025

Venezuelan military to increase presence near T&T to curb smuggling, human trafficking

Reading Time: < 1 minuteThe Venezuelan military is expected to move closer to Trinidad and Tobago to tackle what the country’s Minister of Defence, Vladimir Padrino Lopez, described as acts of smuggling and human trafficking within the territory close to the Gulf of Paria.

“Sixty units will occupy the territory of the 15 municipalities of that state to scrutinise and to conduct reconnaissance and clear the area. It should be remembered that from Trinidad and Tobago, a lot of fuel smuggling occurs, as well as smuggling of weapons and ammunition, and a lot of human trafficking,” Lopez was quoted as saying during a televised address to citizens on Sunday by Trinidad Express.
News JAM Sep 23, 2025

Woman accused of stabbing love rival granted $500,000 bail

Reading Time: 2 minutesA 40-year-old cashier, Julie Donaldson-Morris, who is accused of stabbing a woman she believed was having an affair with her husband, has been granted bail in the sum of $500,000, with up to three sureties.

Donaldson-Morris, of Lilliput, St James, appeared before the St James Parish Court last Wednesday to answer to a charge of wounding with intent. The alleged incident took place during a heated confrontation on a school compound.