Barbados launched the world’s first debt-for-climate-resilience operation. | SMN NEWS

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The deal generated US$125 million in fiscal savings which will be channeled into new resilience investments.
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The debt conversion represents an innovative financing model for climate adaptation that avoids increasing the burden of public debt.

To read more: https://smn-news.com/index.php/st-maarten-st-martin-news/46546-barbados-launched-the-world-s-first-debt-for-climate-resilience-operation.html