Barbados has secured more than US$144 million in fiscal savings through innovative debt-for-nature and debt-for-climate transactions, creating financial room for major investments in water security, sewage modernisation, coastal resilience and protection of the island’s marine ecosystems.
Donna Wellington, chief country and commercial officer at CIBC Caribbean, said the Barbados transactions demonstrated how financial innovation could simultaneously strengthen a country’s fiscal position and create room for sustainable development.
