In November 2022, The UWI signed a Grant Administration Agreement with the CAF Development Bank of Latin America at a ceremony witnessed by Dr. the Honourable Keith Rowley, Prime Minister of Trinidad and Tobago, among other local and regional government and financing figures.

The US$10 million was provided by the Adaptation Fund for the Trinidad and Tobago: Multisectoral Adaptation Measures to Climate Change in the South Oropouche river basin for a flood relief project.

This project was conceptualized at the Conference of Parties (COP25) in 2019.

The UWI is the executing entity responsible for receiving the funds and implementing the project. The UWI Engineering Institute of the Faculty of Engineering is the technical/project management arm, while the St. Augustine Centre for Innovation and Entrepreneurship (STACIE) will provide administration and contract management.

In addition to the US$10m adaptation project, the CAF-UWI Memorandum of Understanding, has also enabled the CAF-UWI Knowledge Forum held at RHQ in November 2023, support for student scholarships through the American Foundation for The University of the West Indies (AFUWI), the delivery of online courses on Leadership for Transformation as well as Governance and Public Innovation with The UWI Cave Hill Campus, sponsorship of H2RC – the first Hydrogen Research Collaboration Conference at The UWI St. Augustine Campus and support for conferences/seminars such as the UWI Institute of International Relations (IIR) webinar on “Latin America-Caribbean relations in a multipolar world”.