The Inter-American Development Bank (IDB) has just created a fund to strengthen the integration of Caribbean nations. At the same time, it is granting 1.6 billion Brazilian reais (R$), or 283 million U.S. dollars, in donations to Haiti and is preparing a groundbreaking multi-country debt swap. The announcement was made on Friday, June 13, 2025, during the Brazil-Caribbean Summit, which was attended by the President of the Transitional Presidential Council, Fritz Alphonse Jean. According to a press release from the IDB, these measures aim to support the region through development and integration.

According to the IDB, the joint efforts of Brazil and CARICOM prove that regional integration works. “One of the IDB’s most important initiatives is the creation of a multi-donor fund for the ONE Caribbean program, a collective action platform focused on climate resilience and disaster risk management, citizen security, private sector development, and food security. To date, the IDB has launched 11 regional initiatives, in addition to ONE SAFE Caribbean and a coordination mechanism for project preparation.”