Trinidad and Tobago secures €3 million for digital transformation, including government datacenter expansion
This investment will support the expansion of a government datacenter, electronic identity system development, and a public data interoperability platform.
The European Commission, in collaboration with the Latin American development bank CAF, has approved a €3 million joint financial operation to support Trinidad and Tobago’s digital transformation efforts.
The funding will facilitate the expansion of a government data center, the development of an electronic identity system, and implemention of a public data interoperability platform. The project aims to enhance communication, digital infrastructure, scalability, energy efficiency, and security.
This initiative marks the first project directly approved for CAF by the European Commission’s Investment Facility for Latin America and the Caribbean (LACIF) and aligns with the EU’s commitment to the region’s sustainable development within the Global Gateway investment agenda, emphasizing the digital transition.
Why does it matter?
Trinidad and Tobago’s appeal to foreign investment remains robust, with significant backing from the EU for a digital transition and a recent approval of US$90 million by the IDB for investment projects over the next decade. Trinidad and Tobago is a high-income country propelled by natural gas and petrochemical exports, boasting well-developed industrial and financial sectors. This confluence of factors positions the country strategically for sustained economic growth and development.
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