by Natalie Moodey | Dec 5, 2024 | Caribbean news
Barbados agrees US$300mn Debt for Climate Swap Barbados has secured a groundbreaking US$300mn debt-for-climate swap to finance critical infrastructure upgrades while reducing the country’s public debt stock. Prime Minister Mia Mottley hailed the initiative as a...
by Natalie Moodey | Jul 8, 2024 | Caribbean Insight
Barbadian business magnate Mark Maloney has secured a US$100mn financing deal with the African Export-Import Bank (Afreximbank) to fund two major projects in Barbados. This includes US$90mn for the long-awaited Hyatt Hotel, set to begin construction after an...
by Natalie Moodey | Oct 16, 2023 | Caribbean Insight
The International Monetary Fund (IMF) expects Barbados’ economic growth to be lower this year than was previously predicted. Having earlier this year forecast the country’s gross domestic product (GDP) will expand by 4.9 per cent in 2023, the international financial...
