Turkey injects $2 M into CDF
THE CARICOM Development Fund has received a US$2 million contribution from the Government of Turkey.
The funds, which will support the capital fund of the CDF, are the result of discussions over the last three years between the CDF and Turkey. The contribution represents a tangible expression of Turkey’s desire to strengthen its ties with CARICOM Member States.
CDF’s CEO, Ambassador Lorne McDonnough, thanked the Turkish Government for its kind contribution, noting that it will go a long way in assisting the CDF in its mission:
“An important part of our mandate is to ameliorate the disparities among CARICOM states and any dislocations which may result from the implementation of the Caribbean Single Market and Economy. This is critical because no integration project can succeed over time if only a few benefit.
“To date the CDF has approved over US$35.4 million in assistance to member states through the Country Assistance Programmes, with the board approving CAPs for Dominica and Guyana and supplementary funding for St. Vincent & the Grenadines as additional support for the development of that country’s new Argyle International Airport, late last year.”