United States, April 18 -- The World Bank's Board of Executive Directors today approved the Caribbean Resilient Renewable Energy Infrastructure Investment Facility for Grenada, Saint Lucia, and Saint Vincent and the Grenadines. The new regional initiative, developed with the Eastern Caribbean Central Bank and Eastern Caribbean countries, aims to accelerate the uptake of clean, resilient, and affordable energy systems, with additional countries having the option of joining overtime.Heavy dependence on imported fossil fuel, used for over 90 percent of power generation in the Caribbean, has long posed a major fiscal vulnerability for the region. Between 2016 and 2021, fossil fuel imports in the Eastern Caribbean averaged $444 million per year,...