IDB Invest has partnered with Caribbean Green Building, construction and tourism company controlled by Tama Investments Limited, to develop a sustainable mixed-use tourism project in Georgetown, Guyana, consisting of a Four Points by Sheraton hotel.

The financial package is composed of:

• 11 million dollars senior loan from IDB Invest.

• 7 million dollars mobilized by First Citizens Bank and Finabank.

• 4 million dollars senior loan from the Canadian Climate Fund for the Private Sector in the Americas-Phase II (C2F2), with performance-based financing and incentives, in order to implement climate resilience, transition risk and enhanced climate mitigation strategies.

The sustainable tourism project will invest in: i) climate resilience by raising its foundations to anticipate rising sea levels and risk of flooding; ii) roof-top solar panel to meet the energy requirements of the property; iii) expansion of the renewable energy platform once the covered parking is completed.

Finally, the Four Points Georgetown hotel is anticipated to be the first EDGE Advanced certified hotel in Guyana, and possibly the first EDGE Zero Carbon certified hotel in Latin America and the Caribbean.