{"id":7954,"date":"2024-12-17T16:36:09","date_gmt":"2024-12-17T11:36:09","guid":{"rendered":"https:\/\/igtipc.org\/?p=7954"},"modified":"2024-12-17T16:48:00","modified_gmt":"2024-12-17T11:48:00","slug":"barbados-voshel-v-istoriju-zakljuchiv-pervuju-v-mire-sdelku-po-vyplate-dolga-v-obmen-na-ustojchivost-k-izmeneniju-klimata","status":"publish","type":"post","link":"https:\/\/igtipc.org\/en\/2024\/12\/17\/7954\/","title":{"rendered":"Barbados Makes History with the World\u2019s First Debt-for-Climate Resilience Deal!"},"content":{"rendered":"<style type=\"text\/css\"><\/style><div id=\"cmsms_row_69d484f7e7bca\" class=\"cmsms_row cmsms_color_scheme_default\">\n<div class=\"cmsms_row_outer_parent\">\n<div class=\"cmsms_row_outer\">\n<div class=\"cmsms_row_inner\">\n<div class=\"cmsms_row_margin\">\n<div class=\"cmsms_column one_first\">\n<div class=\"cmsms_text\">\n<p>In a trailblazing move, Barbados has successfully launched the first-ever debt-for-climate resilience conversion, <strong>unlocking $125 million in fiscal savings<\/strong> to strengthen its climate adaptation efforts.<\/p>\n<p>This innovative financing model allows the island nation to tackle climate change without increasing public debt\u2014a win for both the economy and the environment.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><strong>What Does This Mean for Barbados?<\/strong><\/p>\n<p>The funds will be channeled into critical projects that:<\/p>\n<ul>\n<li>Modernize water management,<\/li>\n<li>Protect marine ecosystems,<\/li>\n<li>Strengthen water and food security.<\/li>\n<\/ul>\n<p><!-- \/wp:list --><\/p>\n<p><strong>How Did They Do It?<\/strong><br \/>The deal, arranged by CIBC Caribbean and backed by <strong>$300M in guarantees<\/strong> from the Inter-American Development Bank (IDB) and the European Investment Bank (EIB), replaces expensive debt with more affordable, long-term financing. The Green Climate Fund (GCF) and IDB also provided upfront funding, including <strong>a $40M grant.<\/strong><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><strong>Why Is It Groundbreaking?<\/strong><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:list --><\/p>\n<ul>\n<li>This marks the world\u2019s first Sovereign Sustainability-Linked Loan (SSLL) tied to water security and climate resilience targets.<\/li>\n<li>If sustainability goals aren\u2019t met, penalties will fund further environmental initiatives through the Barbados Environmental Sustainability Fund.<\/li>\n<li>Barbados sets an example for vulnerable nations by combining financial innovation with urgent climate action.<\/li>\n<\/ul>\n<p><!-- \/wp:list --><\/p>\n<p>Prime Minister Hon. Mia Mottley:<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:quote --><\/p>\n<blockquote class=\"wp-block-quote\">\n<p><cite>In the face of the climate crisis, this groundbreaking transaction serves as a model for vulnerable states, delivering rapid adaptation benefits for Barbados. With upfront funding from our partners, we are building a state-of-the-art facility to boost water management, food security, and resilience\u2014showcasing how innovation and cooperation drive environmental and fiscal gains.<\/cite><\/p>\n<\/blockquote>\n<p><!-- \/wp:quote --><\/p>\n<p><!-- wp:paragraph -->Read more:<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><a href=\"https:\/\/www.greenclimate.fund\/news\/barbados-launches-worlds-first-debt-climate-resilience-conversion\">https:\/\/www.greenclimate.fund\/news\/barbados-launches-worlds-first-debt-climate-resilience-conversion<\/a><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Barbados Makes History with the World\u2019s First Debt-for-Climate Resilience Deal! - NJSC \u00abInternational Green Technologies and Investment Projects Center\u00bb<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/igtipc.org\/2024\/12\/17\/7954\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Barbados Makes History with the World\u2019s First Debt-for-Climate Resilience Deal! - NJSC \u00abInternational Green Technologies and Investment Projects Center\u00bb\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/igtipc.org\/2024\/12\/17\/7954\/\" \/>\r\n<meta property=\"og:site_name\" content=\"NJSC \u00abInternational Green Technologies and Investment Projects Center\u00bb\" \/>\r\n<meta property=\"article:published_time\" content=\"2024-12-17T11:36:09+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2024-12-17T11:48:00+00:00\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"7 minutes\">\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/igtipc.org\/#website\",\"url\":\"https:\/\/igtipc.org\/\",\"name\":\"NJSC \\u00abInternational Green Technologies and Investment Projects Center\\u00bb\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/igtipc.org\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/igtipc.org\/2024\/12\/17\/7954\/#webpage\",\"url\":\"https:\/\/igtipc.org\/2024\/12\/17\/7954\/\",\"name\":\"Barbados Makes History with the World\\u2019s First Debt-for-Climate Resilience Deal! - NJSC \\u00abInternational Green Technologies and Investment Projects Center\\u00bb\",\"isPartOf\":{\"@id\":\"https:\/\/igtipc.org\/#website\"},\"datePublished\":\"2024-12-17T11:36:09+00:00\",\"dateModified\":\"2024-12-17T11:48:00+00:00\",\"author\":{\"@id\":\"https:\/\/igtipc.org\/#\/schema\/person\/3295ad4f8807583541a738df3a0a0f98\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/igtipc.org\/2024\/12\/17\/7954\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/igtipc.org\/#\/schema\/person\/3295ad4f8807583541a738df3a0a0f98\",\"name\":\"red_rock_admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/igtipc.org\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/879c22d20d1e7509666ba4f26b6a0633?s=96&d=mm&r=g\",\"caption\":\"red_rock_admin\"},\"sameAs\":[\"https:\/\/project.igtipc.org\"]}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/igtipc.org\/en\/wp-json\/wp\/v2\/posts\/7954"}],"collection":[{"href":"https:\/\/igtipc.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/igtipc.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/igtipc.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/igtipc.org\/en\/wp-json\/wp\/v2\/comments?post=7954"}],"version-history":[{"count":7,"href":"https:\/\/igtipc.org\/en\/wp-json\/wp\/v2\/posts\/7954\/revisions"}],"predecessor-version":[{"id":7962,"href":"https:\/\/igtipc.org\/en\/wp-json\/wp\/v2\/posts\/7954\/revisions\/7962"}],"wp:attachment":[{"href":"https:\/\/igtipc.org\/en\/wp-json\/wp\/v2\/media?parent=7954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/igtipc.org\/en\/wp-json\/wp\/v2\/categories?post=7954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/igtipc.org\/en\/wp-json\/wp\/v2\/tags?post=7954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}