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CARICOM and Germany Sign $37.3 Million Technical Cooperation Agreement
🇵🇾 Paraguay /Economy & Trade

CARICOM and Germany Sign $37.3 Million Technical Cooperation Agreement

From ABC Color · (17m ago) Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

TLDR

  • The Caribbean Community (CARICOM) signed a $37.3 million agreement with the German Corporation for International Cooperation (GIZ) for a new technical program.
  • The agreement, signed in Georgetown, Guyana, operationalizes a Memorandum of Understanding from February 2025 and will fund six projects until 2029.
  • Projects will focus on areas like circular economy, biodiversity conservation, and sustainable energy, aiming to enhance institutional capacities and promote sustainable development across CARICOM members.

The Caribbean Community (CARICOM) has taken a significant step forward in its development agenda with the signing of a substantial $37.3 million agreement with the German Corporation for International Cooperation (GIZ). This accord, formalized in Georgetown, Guyana, breathes life into the technical cooperation framework established between CARICOM and Germany in February 2025.

CARICOM Secretary-General Carla Barnett hailed the agreement, emphasizing its strategic importance for the region's development objectives. GIZ Regional Director Jasmin Ellis Jones reaffirmed Germany's commitment to collaborating closely with CARICOM and its national and regional partners to ensure the successful implementation of these vital projects. The tangible results expected for the people of the Caribbean underscore the practical impact of this partnership.

Thank you for your continued collaboration and highlighted the strategic importance of the program in the Caribbean entity's development objectives.

— Carla BarnettCARICOM Secretary-General Carla Barnett expressed gratitude and emphasized the program's strategic importance.

The six projects, to be executed by GIZ through 2029, are funded by the German Federal Ministry for Economic Cooperation and Development. They will target key areas such as fostering a climate-compatible circular economy, promoting biodiversity conservation and sustainability, and exploring the energy and material potential of organic waste and sargassum. These initiatives are designed to build institutional capacities, develop policies, implement pilot projects, provide skills training, and establish regional coordination mechanisms.

Germany's technical collaboration with the Caribbean, particularly in sustainable energy, climate adaptation, and environmental management, has been a consistent feature since 2008. This latest agreement signifies an expansion and consolidation of these crucial alliances, setting a formal structure for project execution and reinforcing the shared commitment of CARICOM, Germany, and GIZ to advanced sustainability, inclusive development, and resilience throughout the Caribbean.

reaffirmed the GIZ's commitment to working closely with CARICOM and its national and regional partners to ensure the success and implementation of these projects and the provision of tangible results services for the people in the Caribbean.

— Jasmin Ellis JonesGIZ Regional Director Jasmin Ellis Jones affirmed Germany's dedication to the partnership and project success.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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