DFC to Offer More Climate-Related Assistance

On January thirty-first, the Development Finance Corporation applied to the Green Climate Fund for green climate accreditation. The move positions the D.F.C. to access up to fifty-million U.S dollars in Green Climate Funds, which will empower it to spearhead transformative initiatives along the path of sustainable development and environmental protection. Today, following the launch of the fisherfolk loans project, D.F.C.’s Chief Executive Officer, Henry Anderson told News Five that this move is all part of D.F.C.’s transition to fill the role that it was designed to carry out.

 

Henry Anderson, C.E.O., Development Finance Corporation

“We have on board an environmental and social management system. We do have a stakeholder engagement and communication policy, and we have a grievance mechanism. When this partner – the discussion around this partnership started because of our new policies. When we introduce a new product, we have to do stakeholder engagement. So with this product, there were a lot of meetings held with the fishers out at Glover’s Reef, in Hopkins, in Dangriga, and that led to several iterations of it, listening to what they need and then making a product that meets their needs. And that’s why it’s four different products we’re offering to meet their needs. So it allowed us to innovate and improve the product we had. And so now we’re testing it. And again, the testing is not only on the product, but it’s also the holistic, improving their lives while at the same time, improving the management of the area.”