Barbados has completed what it calls the world's first 'debt-for-climate resilience' swap which will see it invest $165 million in water infrastructure, food security and environmental protection to help the Caribbean island adapt to the damaging effects of climate change.

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Barbados completes world first debt swap for climate resilience

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Barbados has successfully completed a debt swap designed to generate $125 million in savings that it can use to make its water and sewage systems more resilient to climate change.

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United States

Barbados Completes $125 Million Debt Swap for Climate Resilience

LONDON (Reuters) - Barbados has completed the world's first debt-for-climate swap aimed at raising money to help the Caribbean island build resilience to the damaging effects of climate change. By

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India

Barbados frees up $125 million via 'debt-for-climate swap'

Debt-for-Nature Swaps: A Green Financing Revolution  Nations are increasingly resorting to debt-for-nature swaps to finance their environmental initiatives. This financial strategy involves countries buying back expensive debt and replacing it with more affordable options, often facilitated by development banks. The resulting savings are channeled into environmental projects such as mangrove restoration and ocean protection.Among the countries p…

Devdiscourse

Debt-for-Nature Swaps: A Green Financing Revolution

Debt swaps have become increasingly popular ways for countries to free up cash to invest in nature conservation projects.

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Factbox-Which Countries Have Completed Debt Swaps for Nature and Climate

The objective of the loan is to contribute to the decarbonisation of transport and to support green hydrogen projects.

El objetivo del préstamo es poder contribuir a la descarbonización del transporte y apoyar los proyectos de hidrógeno verde

Aprueban préstamo del BID por US$200 millones para la acción climática en Uruguay

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Bogota

Colombia

IDB loan for $200 million approved for climate action in Uruguay

The deal generated US$125 million in fiscal savings which will be channeled into new resilience investments. The debt conversion represents innovative financing model for climate adaptation that avoids increasing the burden of public debt.  BRIDGETOWN, Barbados, (IDB) – Barbados has successfully completed an unprecedented debt-for climate operation to finance water and sewage projects resilient to climate change. Through support from its interna…

Caribbean News Global

Barbados launched the world's first debt-for-climate-resilience operation - Caribbean News Global

The NewsBarbados completed a world-first debt swap that will allow it to finance climate adaptation projects without forcing it to take on unaffordable loans. Under the deal, led by the Canadian Imperial Bank of Commerce, Barbados was able to replace some of its most expensive sovereign debt with a lower-cost loan, freeing up $125 million that it will invest in upgrading its water infrastructure to be more resistant to climate change impacts. It…

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Justin B. Smith, Ben Smith

Barbados completes world-first climate debt swap

Barbados has secured the world’s first “debt-for-climate” swap to finance crucial water and sewage projects that will help the island cope with the destructive impacts of climate change. Through a deal with international funding partners, the Caribbean island nation was able to replace outstanding debt with less expensive financing, which generated a savings of $125 million to be used to increase food security while enhancing water resources man…

Barbados Completes World’s First ‘Debt-for-Climate’ Swap

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