Barbados secures $125M through a "debt-for-climate" swap to boost water systems and fight climate change.

Barbados has executed the world's first "debt-for-climate" swap, securing $125 million to improve water systems and reduce pollution. This innovative approach aims to enhance the island's resilience to climate change, addressing water scarcity that affects both its population and agriculture. Prime Minister Mia Mottley sees this as a model for other vulnerable states tackling climate impacts.

4 months ago
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