As part of its Accelerated Sustainable Energy and Resilience Transition (ASERT) 2030 framework, the Caribbean Development Bank has advanced the Minimum Regulatory Function (MRF) to help to address energy-sector regulatory gaps in many Caribbean countries to provide clarity for investors about the arrangements to facilitate renewable energy investments. 

The MRF seeks to provide the countries with critical minimum ingredients to establish an appropriate electricity sector regulatory framework and serves as a guide for governments and key stakeholders to act to improve the renewable energy investment environment.