EU-Caribbean Partnership Facility

The Caribbean region faces a number of challenges largely related to its high vulnerability to natural disasters and the negative effects of climate change. These factors are compounded by other factors such as limited political and fiscal responsiveness to external economic shocks, low competitiveness and increasing security risks.

In this context, the European Union (EU) aims to support a flexible and rapid response to the region's multiple needs. To this end, the EU funds the "EU-Caribbean Cooperation Mechanism" program.

The program seeks to contribute to the sustainable development of Caribbean countries by strengthening the EU's prioritized Partnerships with the region: Green Pact, Economic Resilience and Trade; and Governance, Security and Human Development.

Specifically, it aims to promote and strengthen EU-Caribbean partnerships and EU values through the following actions:

• Enhancing policy and regulatory dialogue and coordination.
• Dissemination of EU values and know-how, including on key cross-cutting issues.
• Increased capacity of Caribbean stakeholders to play a role in EU-Caribbean partnerships and other global initiatives (CARICOM, CARIFORUM and OECS) with the EU.

Both those with responsibility for public policy (Caribbean governments, public institutions and local authorities) and the public will benefit from this initiative. Regional organizations and private sector entities will also benefit.

Other beneficiaries include EU Member States and their institutions, as well as the private sector, academia and NGOs in the European Union.