Almost 140 Million Earmarked to Fight Poverty in Caribbean

The initiative will be rolled out as part of the CDB’s seventh phase of its basic Needs trust Fund, BNTF and will make approximately US$46 million dollars available to be disbursed across 10 countries to fund their attempts to reduce poverty at home. In addition, governments of the participating countries will provide counterpart funding of US$5.74 million, bringing the total funds available through BNTF 7 to US$51.74 million.

Participating BNTF countries are Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines and the Turks and Caicos Islands.

The overall outcome of BNTF 7 is expected to be improved access to quality education, water and sanitation, transportation services and human resource development services in low-income, vulnerable communities, according to a government release in St. Kitts.

Since its inception approximately 33 years ago, BNTF has played a vital role in assisting participating governments in their poverty-reduction efforts.

BNTF contributes to the reduction of poverty in targeted communities by providing infrastructure and livelihood enhancement services.

The program also supports a socially inclusive development process, including empowerment of the poor and vulnerable, as well as institutional development support.

BNTF has undergone six replenishments, a number of design modifications and increasing resource contributions.

A recent evaluation of BNTF 5 and the mid-term evaluation of BNTF 6, which is still under execution, highlighted the relevance of the program and its achievements.

Social infrastructure such as resource centers, and educational, health, day care and other facilities which were previously unavailable or inaccessible have been provided for vulnerable communities. In addition upgraded water, sanitation and drainage systems were upgraded, and roads, bridges and footpaths were constructed.

 

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