Prime Minister Mia Amor Mottley is touting the benefits of a regional debt-for-climate swap.
Barbados signed such an agreement in September 2022, allowing the country to divert existing debt service to address challenges created by the climate crisis.
Over the next 15 years, the island is expected to save 50 million US dollars.
Speaking during an interview with the IMF Today programme, Ms. Mottley suggested the model could be expanded to CARICOM.
| Cookie | Duration | Description |
|---|---|---|
| cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
| cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
| cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
| cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
| cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
| viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
More Stories
Foundation United takes major step towards final four in v’ball prelims
BUT honours top tier teachers
Barbados Museum & Historical Society launches signature rum