Support to the Development of an IDB CLIMA Pilot Project in Barbados

implementation

This Technical Cooperation (TC) is intended to provide support to the Government of Barbados in the design of its first project (BA-L1069) under the IDB CLIMA Pilot Program ("First Individual Operation for the Mains Replacement and Non-Revenue Water Reduction Program in Barbados"). The IDB CLIMA Pilot Program aims to incentivize sector-driven investments that will support the country's agenda of innovation within green thematic markets. To attain this goal, IDB CLIMA offers a grant to borrowers that successfully reach results through sectoral investments measured through Key Performance Indicators (KPI) that: (i) reduce development gaps while delivering impact in terms of nature and climate; (ii) strengthen the sector's capabilities to develop sectoral project pipelines that include climate and/or nature considerations; and (iii) strengthen sector-driven nature and climate monitoring, reporting and verification systems to meet international climate and thematic green debt standards.