IFC Pledges US$15 Million to Caribbean Community Resilience Fund

Securing long-term capital remains a serious hurdle for private sector growth across the Caribbean, according to the International Finance Corporation (IFC).

The World Bank's private sector arm notes that domestic credit across the region is still modest when measured against the size of local economies. As a result, many businesses continue to struggle to obtain the funding they need to scale up and make new investments.

The IFC puts the Caribbean's overall financing shortfall at more than US$22 billion.

In a move aimed at addressing that gap, the corporation has pledged US$15 million to the Caribbean Community Resilience Fund. The injection helps push the fund closer to its target of more than US$75 million.

The commitment includes a US$5 million senior note and a US$10 million promissory note. Under the terms, 70 per cent of the fund's capital will go to medium-sized enterprises, while the other 30 per cent will support resilience and sustainability initiatives across the Caribbean.

The IFC says the investment is meant to broaden access to finance, encourage private sector expansion, and strengthen economic resilience in the region.