Brussels, 07/06/2011 (Agence Europe) - Six leading development finance institutions, including the European Investment Bank (EIB), have committed more than US$960 million in the past year to “sustainable private and public sector projects” in the Caribbean. Last year, in response to the impact of the global financial crisis on the economics of the region, these six development institutions agreed to a Caribbean Joint Action Plan (CJAP) to commit up to US$950 million to the Caribbean over a three-year period. In addition to the EIB, the CJAP includes German development finance institution Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), the Netherlands Development Finance Company (FMO), the International Finance Corporation (IFC) - the private sector arm of the World Bank Group - and PROPARCO, the private sector arm of the Agence Française de Développement Group. In the first year of the three-year CJAP, the partner institutions have already committed more than the $950 million pledged three-year amount, including loans and equity investments. (O.L./transl.rt)