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Latin America and the Caribbean Small Island Developing States
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News + Stories
Pioneering Barbados water project kick starts
14 Mar 2025 / The Green Climate Fund and the Government of Barbados today announced that a groundbreaking project that leverages an innovative financing model to scale up climate action and simultaneously avoid increasing the burden of public debt is all set to begin implementation. The pioneering project, with huge positive implications for climate resilience in the region, was today greenlighted for its first injection of GCF finance.
Barbados launches the world's first debt-for-climate-resilience conversion
03 Dec 2024 / The deal generated USD 125 million in fiscal savings which will be channeled into new resilience investments. The debt conversion represents an innovative financing model for climate adaptation that avoids increasing the burden of public debt.
The Government of Barbados forms a coalition of multilateral banks and organizations to develop resilient infrastructure and to drive new social and nature capital investments, building on its Resilience and Sustainability Facility at the IMF
23 Jun 2023 / The Government of Barbados announced at the Summit for a New Global Financing Pact in Paris an integrated package of innovative initiatives to accelerate its transition to net zero, boost resilience, enfranchise workers, and draw in private sector investment while prudently managing public debt levels. These initiatives build on the ongoing climate policy reforms, supported by the Resilience and Sustainability Facility with the International Monetary Fund, which are expected to play a catalytic role in mobilizing private and public sector financing for climate projects.
Barbados signs privileges and immunities agreement with GCF
13 May 2019 / The government of Barbados has signed an agreement with GCF granting it privileges and immunities in line with those of other international organisations and those applied in the United Nations system. The agreement was signed in Bridgetown by Jerome Walcott, Minister of Foreign Affairs and Foreign Trade of Barbados, in the presence of Marsha Caddle, Minister for Economic Affairs and Investment.
Barbados launches first Caribbean climate resilience project
13 May 2019 / A launch event at the Bowmanston water pumping station has marked the start of the Water Sector Resilience Nexus for Sustainability in Barbados (WSRN S-Barbados) project, the first GCF-funded project in the Caribbean to move to implementation.
