Our Today – Durrant Pate/Contributor


Berisford Grey, president and CEO of Sygnus Capital, introduces the CARICOM Resilience Fund at the launch ceremony held in Barbados in January 2024. (Photo: Contributed)
The Jamaican launch of the groundbreaking US$100 million Caribbean Community Resilience Fund (CCRF) takes place this Thursday (May 9) at the AC Hotel by Marriott in New Kingston.
This launch event, which commences at 4:00 pm, marks a significant milestone in the Caribbean’s journey towards climate resilience and economic sustainability.
The fund will be managed by Sygnus Group, which has operations in Jamaica, St. Lucia and Puerto Rico and is a leading alternative investment manager in the Caribbean with a mission to accelerate economic growth, generate returns across asset classes, and increase access to capital in the region.
The CARICOM Development Fund and Sygnus, supported by USAID have partnered to establish this new US$100 million investing fund, which is dedicated to supporting initiatives that will enhance growth and resilience across the region in the face of climate change.
The fund promises to revolutionise the region’s approach to tackling climate change and fostering growth.
The CCRF will target seven key resilience sectors inclusive of energy, housing, transport, blue economy, ICT, finance and agriculture. The launch will feature a special guest Finance Minister Dr Nigel Clarke, who will address the event.
The CCRF was officially launched in January this year in Bridgetown, in an event presided over by Barbadian Prime Minister Mia Mottley and US Ambassador to the Eastern Caribbean Roger Nyhus.