{"id":246875,"date":"2025-08-18T13:04:20","date_gmt":"2025-08-18T17:04:20","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=246875"},"modified":"2025-08-18T13:09:57","modified_gmt":"2025-08-18T17:09:57","slug":"caf-approves-close-to-half-a-million-dollars-in-grant-funding-to-barbados-to-boost-cultural-tourism-and-creative-economy-during-hosting-of-carifesta-xv","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/caf-approves-close-to-half-a-million-dollars-in-grant-funding-to-barbados-to-boost-cultural-tourism-and-creative-economy-during-hosting-of-carifesta-xv\/","title":{"rendered":"CAF approves close to half a million dollars in grant funding to Barbados to boost Cultural Tourism and Creative Economy during hosting of CARIFESTA XV"},"content":{"rendered":"
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Development Bank of Latin America and the Caribbean has approved grant funding of BBD 450,000 (USD 225,000) to support the promotion of cultural tourism and the creative economies as Barbados prepares to host CARIFESTA XV, the Caribbean\u2019s premier multidisciplinary arts festival.<\/p>\n\n\n\n

The letter of award was signed on Monday 18 August 2025 at the CARIFESTA Secretariat by Senator Dr. The Honourable Shantal Munro-Knight, Minister in the Prime Minister\u2019s Office with responsibility for culture and Dr. Stacy Richards-Kennedy, CAF\u2019s Regional Manager for the Caribbean and representative in Barbados.<\/p>

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CARIFESTA, which is returning after a six-year absence due to COVID-19, brings together artists, creators, performers and delegations from across the region to showcase the depth and diversity of Caribbean culture.<\/p>

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The 2025 edition, themed \u201cCaribbean Roots. Global Excellence,\u201d will serve as a platform to celebrate the region\u2019s creative industries, which are a vital component of countries\u2019 economies and an engine for sustainable and inclusive growth.<\/p>\n\n\n\n

Through the approval of this grant, CAF is signalling its continued commitment to expanding the scale of its investment in the creative economy, one of the fastest-growing sectors in Latin America and the Caribbean, and an important source of economic opportunity in the Caribbean. <\/p>

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The technical assistance project will support the showcasing of the Caribbean\u2019s distinctive and diverse expressions in food, fashion, music, dance, visual arts, and literature, and also provide a space for dialogue on the region\u2019s development challenges and opportunities through culture-driven exchanges. <\/p>\n\n\n\n

The multilateral development bank will also serve as the title sponsor for \u201cBig Conversations\u201d a new initiative at CARIFESTA which features relevant dialogues addressing topics of Caribbean identity, resilience, and sustainability.<\/p>

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“Culture and the diverse forms of cultural expression are at the heart of Caribbean identity. <\/em><\/p>

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They also represent important drivers of innovation and entrepreneurship, as well as a catalyst for increased regional integration and intercultural exchanges,”\u00a0<\/em>said Dr. Stacy Richards-Kennedy, CAF’s Regional Manager for the Caribbean and Representative in Barbados.\u00a0<\/em><\/p>\n\n\n\n

\u201cCARIFESTA provides an important platform to highlight the richness of Caribbean creativity and demonstrate how the cultural economy expands opportunities across the creative sector. <\/em><\/p>\n\n\n\n

By supporting this regional festival, CAF is demonstrating its continued commitment to working with our shareholder countries to strengthen the creative industries as drivers of sustainable economic growth.\u00a0<\/em><\/p>\n\n\n\n

As a home-grown regional development bank that was born out of a fervent desire to advance regional integration efforts in Latin America and the Caribbean, CAF is particularly pleased that this grant will support the showcasing of cultural ambassadors and creative entrepreneurs from across the CARICOM region, Latin America, North America and Africa.”<\/em><\/p>\n\n\n\n

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In Barbados, CAF has been channelling development financing to support the country\u2019s cultural and heritage tourism projects.<\/p>\n\n\n\n

This includes investments under the\u00a0Reclaiming Our Atlantic Destiny (ROAD)<\/em>\u00a0Programme, which seeks to strengthen connections to history and cultural assets as part of the country\u2019s broader national development strategy.<\/p>\n\n\n\n

Minister in the Prime Minister\u2019s Office Dr. Shantal Munro-Knight expressed her gratitude to CAF for this investment in the region\u2019s cultural and creative sectors.<\/p>\n\n\n\n

\u201cCARIFESTA is a testament to the talent and creativity of our people.<\/em><\/p>\n\n\n\n

This technical assistance grant from CAF will not only help Barbados deliver an exceptional CARIFESTA XV, but it will also create opportunities for those in the creative sector to connect with new audiences, tap into increased business opportunities and contribute to the economic development of our countries and the wider region. <\/em><\/p>\n\n\n\n

The government of Barbados, and in particular, the National Cultural Foundation, are grateful to CAF for our partnership and the bank\u2019s emphasis on supporting cultural and heritage tourism as well as the creative economies in Barbados and the wider region,\u201d<\/em>\u00a0Dr. Munro-Knight stated.<\/p>\n\n\n\n

CARIFESTA XV will be a ten-day festival that will attract thousands of visitors and participants from the region and beyond.<\/p>\n\n\n\n

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CLICK HERE TO JOIN OUR WHAT\u2019S APP GROUP Development Bank of Latin America and the Caribbean has approved grant funding of BBD 450,000 (USD 225,000) to support the promotion of cultural tourism and the creative economies as Barbados prepares to host CARIFESTA XV, the Caribbean\u2019s premier multidisciplinary arts festival. The letter of award was signed […]<\/p>\n","protected":false},"author":12,"featured_media":246878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-246875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nCAF approves close to half a million dollars in grant funding to Barbados to boost Cultural Tourism and Creative Economy during hosting of CARIFESTA XV - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/caf-approves-close-to-half-a-million-dollars-in-grant-funding-to-barbados-to-boost-cultural-tourism-and-creative-economy-during-hosting-of-carifesta-xv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAF approves close to half a million dollars in grant funding to Barbados to boost Cultural Tourism and Creative Economy during hosting of CARIFESTA XV\" \/>\n<meta property=\"og:description\" content=\"CLICK HERE TO JOIN OUR WHAT\u2019S APP GROUP Development Bank of Latin America and the Caribbean has approved grant funding of BBD 450,000 (USD 225,000) to support the promotion of cultural tourism and the creative economies as Barbados prepares to host CARIFESTA XV, the Caribbean\u2019s premier multidisciplinary arts festival. 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