The Credit Risk Abatement Facility (CRAF) is an initiative being developed by the CARICOM Development Fund (CDF) in collaboration with the CARICOM Secretariat, the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), and other key implementing and strategic partners.

One of the critical challenges facing countries of the Caribbean in delivering on their Climate Change priorities is that of “access to finance”. This Readiness request and resultant Concept Note seeks to further aid countries of the region to achieve their Climate Change priorities by strengthening SMEs access to finance and encouraging the private sector to become a significant player as well as to provide different financing options.