The Blue Green Bank (BGB)
Barbados is faced with critical challenges from climate change. Increasing temperatures, a heightened frequency and intensity of hurricanes, and rising sea levels are leading to damaged infrastructure, an endangered water-supply, and the destruction of unique coastal ecosystems. These threaten the stability and livelihood of the island's population of more than a quarter million people.
To lead by example, the Barbadian Government has committed itself to transition completely to renewable energy by 2030 while building resilience to the impacts of climate change. This requires an increase in the risk appetite for climate investments from the local financial sector, and an enabling environment to overcome investment barriers.
The Blue Green Bank (BGB) will bring together public, private, and multilateral institutions to ensure that green financing for adaptation and mitigation projects becomes and remains available to the local population. The bank will deliver funds, guarantees, and other financial products to support the existing financial ecosystem of banks, credit unions, and insurance companies that facilitate the funding of blue/green climate-responsive programs– in alignment with Barbados’s Nationally Determined Contributions and development plans.
Grants from the GCF Project Preparation Facility (PPF) supported the Accredited Entity (AE) in the development of this project's funding proposal (FP).
- Private sector
- Public sector
|Total GCF Financing|
General media inquiriesGCF Communications
Request for informationGCF Information Disclosure
Request information about this project
Project complaints and grievancesGCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint
Integrity issuesGCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
National Designated Authority
Economic Affairs and Investment Division Ministry of Finance, Economic Affairs and Investment
Minister in the Ministry of Finance and Economic Affairs
Government Headquarters Bay Street, St. Michael, Barbados
Permanent Secretary, Economic Affairs and Investment Division, Ministry of Finance, Economic Affairs and Investment
3rd Floor East, Warrens Office Complex, Warrens St. Michael, St. Michael, Barbados
Director, Roofs to Reefs Programme (R2RP), Prime Minister’s Office
Government Headquarters Bay Street St. Michael, Barbados
Chief Economist, Economic Affairs and Investment Division, Ministry of Finance, Economic Affairs and Investment
Economist I, Economic Affairs and Investment Division, Ministry of Finance, Economic Affairs and Investment
Secretary to the Minister, Economic Affairs and Investment Division, Ministry of Finance, Economic Affairs and Investment
|The Blue Green Bank (BGB)||Approved funding proposal||03 Aug 2023|
|Gender action plan for FP213: The Blue Green Bank (BGB)||Gender action plan||13 Jul 2023|
|Gender assessment for FP213: The Blue Green Bank (BGB)||Gender assessment||13 Jul 2023|
|Environmental and social safeguards (ESS) report for FP213: The Blue Green Bank (BGB)||Environmental and Social Safeguards report||06 Jun 2023|