Barbados has secured more financing from the Inter-American Development Bank (IDB).Yesterday, it stated the board of executive directors had approved a US$50 million loan “to help Barbados boost the climate resilience of its coastal areas and foster climate-resilient economic development”.
“The operation . . . will reduce the risks of erosion and flooding along the country’s coasts and make coastal activities safer for communities and tourists. It will also enhance community living standards and tourism value by improving access for people with disabilities and women,” the financial institution said.
“Additionally, the operation aims to improve the technical capacity and governance of the country’s public policies for integrated coastal management to deepen climate resilience.”
The IDB said the US$50 million programme would “build integrated infrastructure – such as breakwaters, drainage works, walkways, boardwalks and groynes – to reduce climate risk along the country’s coasts. It will also include beach restoration activities”. (SC)
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