British Prime Minister announces £300m Caribbean infrastructure fund

The British Prime Minister, David Cameron, has announced that the government will invest £300m in roads, bridges and ports through a new UK-Caribbean Infrastructure Partnership Fund to help drive economic growth and development across the region. The UK also plans to spend £25m in foreign aid to build a prison in Jamaica. This announcement came as the Prime Minister arrived in Jamaica on September 28, the first visit of a British Prime Minister to the Caribbean region for 14 years which saw him travel on to Grenada.

The British Prime Minister said that it will be up to the region to decide how best to allocate the money which he said will make the UK the largest donor to the region. He also announced that UK Export Finance would increase its support to UK exporters to the region.

Further details can be found at https://www.gov.uk/government/news/pm-announces-300-million-fund-for-caribbean-infrastructure.

The Caribbean Council is planning to organise an event for members in partnership with DFID as soon as the details of the fund are announced.

Facebook
Twitter
LinkedIn