Wed. Dec 11th, 2024

FUNDING

LATEST NEWS

Barbados launches the world’s first debt-for-climate-resilience operation

Barbados has successfully completed an unprecedented debt-for climate operation to finance water and sewage projects resilient to climate change. Through support from its international funding partners, Barbados replaced outstanding, more expensive debt with more affordable financing, generating US$125 million in fiscal savings which will be used to enhance water resource management and increase water and food security.

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