The Inter-American Development Bank (IDB) says it will support a proposal by Trinidad and Tobago Prime Minister Kamla Persad-Bissessar to establish a multi-donor energy facility for Caribbean sustainability.

According to Caribbean News Now, Persad-Bissessar made the announcement on Monday night at a political meeting of her United National Congress (UNC) party.

She said the bank has agreed to provide US$100 million to co-finance projects in the energy sector over the next six years.

According to the Prime Minister “this will enable promotion of energy diversification, energy efficiency and a reliable supply of alternative fuels at a reduced cost in the Caribbean.”

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