ECCB executed programme wins major award

Published on September 22, 2025

The World Bank-financed Caribbean Resilient Renewable Energy Infrastructure Investment Facility (RREIIF is the winner in the 2025 Caribbean Infrastructure Forum (CARIF) Industry Awards’ Best/Most Innovative Financing category.

The RREIIF was developed under the leadership of the Eastern Caribbean Central Bank (ECCB) in partnership with ECCU member governments.

ECCB’s Project Lead for the RREIIF, Kieran St Omer, accepted the CARIF Industry Award on behalf of the Central Bank on Tuesday, 16 September in Miami, Florida at the Ninth Annual Caribbean Infrastructure Forum.

RREIIF is the first energy facility in the Caribbean designed as a regional platform to deliver utility-scale renewable energy through cross-country project aggregation, joint procurement, and structured de-risking.

It marks the first-time deployment of the Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) as a vehicle for renewable energy risk mitigation, offering partial credit guarantees tailored specifically to renewable energy projects.

The facility also represents a first in terms of governance; jointly developed over several years by ECCU countries and anchored by the ECCB, no similar structure exists in other Small Island Developing States (SIDS).