The project was approved for implementation by the EPA and CSME Standby Facility Steering Committee in 2021. The EPA and CSME Standby Facility (also known as the CARIFORUM-European Union (EU) Economic Partnership Agreement (EPA) CARICOM Single Market and Economy (CSME) Standby Facility for Capacity Building) is a EUR 8.75 million programme financed by the European Development Fund (EDF) being managed by CDB to support projects in Antigua and Barbuda, The Bahamas, Barbados, Belize, the Commonwealth of Dominica, the Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Saint Lucia, St Vincent and the Grenadines, St Kitts and Nevis, Suriname, and Trinidad and Tobago (CARIFORUM). It is intended to build capacity in the region and better position businesses to trade within CARIFORUM and the European Union.