The Financial Administration (Climate Resilience and Development Fund) Regulations (No. 45 of 2023)

These Regulations establish a special fund which serves as an instrument to collect Tourism Guest Levy and which will also be financed with a portion of the additional Revenue Recovery Charge (RRC) collected by the Customs and Excise Department. The Fund is managed by a governing body, with monies to be used for financing projects and programmes to build climate resilience; providing a buffer for public finances in times of natural disasters; funding development projects; and providing co-financing for projects funded by multilateral agencies and international development partners including Carribean Development Bank, Green Climate Fund and Global Environment Fund.