The Energy Division is currently overseeing a Public Sector Smart Energy programme funded by an Inter-American Development Bank (IDB) loan (US$17 million) and an EU grant (€5.8 million) (IDB 2012, GoB 2010). The division is also responsible for monitoring the island’s local oil interests, both onshore and offshore, and is currently overseeing the island’s 2015 offshore licensing campaign (GoB 2015). The 2012 Draft National Policy for Barbados is currently being revised.