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 […]
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 […]
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