UPDATE 2-Barbados 'debt-for-climate' swap backed by $300 mln EIB, IADB guarantee - statement
Published on: Thursday 09 November 2023
The European Investment Bank (EIB) and Inter-American Development Bank (IDB) are providing a $300 million guarantee for Barbados to execute a "debt-for-climate" swap to upgrade water infrastructure, the European Commission said on Friday. The deal will enable the Caribbean island nation to issue the equivalent of $295 million of sustainability-linked debt, with the EIB and IDB each providing $150 million guarantees, the Commission said in a statement.
