Barbados Pursuing 'Debt-for-Climate' Swap to Fund Clean Water Upgrades
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Barbados hoping to execute "debt-for-climate" swap early 2023 to fund clean water supplies
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Would secure $300 million in savings over 15 years through credit guarantees with development banks
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Funds would upgrade water treatment plant to improve water resources and food security
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Previous "debt-for-nature" swap in 2022 generated $50 million for marine conservation
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Debt-for-climate swap would be a new concept likely of interest to other climate vulnerable countries