The Bahamas Secures Landmark $65.2 Million Climate Investment to Strengthen Water Security Across Four Islands

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Representatives from the Caribbean Development Bank (CDB) and the Green Climate Fund (GCF).

NASSAU, The Bahamas — The Government of The Bahamas has secured a landmark $65.2 million investment to strengthen the nation’s water systems against the growing impacts of climate change, through financing from the Caribbean Development Bank (CDB) and the Green Climate Fund (GCF), which supports developing countries in addressing climate-related challenges.

This major funding represents a significant step in the Government’s ongoing efforts to safeguard freshwater access and availability across the country.

As one of the world’s most climate-vulnerable small island developing states, The Bahamas continues to face increasing threats to its water supply. Hurricanes have repeatedly underscored these risks, with storm surges and flooding disrupting water infrastructure and contaminating freshwater sources.

This new investment will directly address these challenges through targeted infrastructure upgrades across four islands: New Providence, Abaco, Acklins, and Andros. Key works will include the development of wellfields, pumping stations, and expanded water storage capacity—measures designed to enhance water security while strengthening the country’s ability to withstand climate shocks.

Prime Minister Philip Davis said the investment reflects the Government’s continued focus on resilience and long-term national development.

“This investment is about protecting one of our most essential resources and ensuring that Bahamians have reliable access to water, even in the face of increasing climate threats,” the Prime Minister said.

“It demonstrates what is possible when strong partnerships and disciplined planning come together to deliver real, lasting results for our people.”

Rochelle Newbold, Director of the National Designated Authority (NDA), described the approval as a defining moment for the country.

“This is indeed an historic event for The Bahamas, our first national project by the GCF. This water project is indicative of the social and financial projects which the Climate Change & Environmental Advisory Unit will be moving forward with for international financing. We have proven that through strong partnerships and a diverse financial portfolio, we can address climate related impacts and improve the lives of Bahamians for the present and the future.”

Securing this funding forms part of the Government’s broader strategy to address climate change and expand sustainable development. By prioritizing critical infrastructure and advancing access to international climate financing, The Bahamas continues to position itself at the forefront of strengthening climate resilience among Small Island Developing States.