Document Actions
CARIBBEAN REVOLVING FUND FOR WASTEWATER MANAGEMENT (CReW)
UNEP has recognized the need for a permanent, dedicated multi-country fund for wastewater management projects in the Caribbean basin. The fund should be flexible enough to operate in countries with highly developed capital markets such as Mexico and at the same time able to invest in rural micro-credit facilities in less-developed countries such as Haiti.
UNEP intends to submit a Project Information Form (PIF) to the Global Environment Facility (GEF) as an initial step in obtaining a substantial, multi-million-dollar (U.S.) initial capitalization grant from the GEF for the CReW.
UNEP has already signed a Memorandum of Understanding with the Caribbean Health Environment Institute (CEHI) in St. Lucia to compile a Needs Assessment for the wastewater treatment needs in the basin. Upon its approval, the PIF will lead to GEF funding for a Financial Resource Assessment of the region as well. Together, the Needs Assessment and the Financial Resource Assessment will form the basis of a full feasibility study. The full feasibility study will then be used to seek individual country buy-in and private sector support. The feasibility study will also set forth the scope and array of funding modalities for the CReW.
Check the UNEP/CEP website for more information as to when the CReW will be announced: http://www.cep.unep.org
IWCAM Launches Survey