On Sept. 27, the government of Barbados published a third iteration of the Bridgetown Initiative, an effort led by Barbados Prime Minister Mia Mottley to reform the global financing system in a way that prioritizes the needs of climate-vulnerable nations.
The purpose of the Bridgetown Initiative is to rethink the global financial system in a way that will relieve heavy debt burdens and increase accessible financing for mitigation and adaptation.
The first version launched in 2022 and the second iteration last year. Each one has expanded on the last. But the latest report, Bridgetown Initiative 3.0, includes several updates and provides a longer, more specific, and more in-depth plan for financing, disaster preparedness, and taxation.
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About the author
Jesse Chase-Lubitz
Jesse Chase-Lubitz covers climate change and multilateral development banks for Devex. She previously worked at Nature Magazine, where she received a Pulitzer grant for an investigation into land reclamation. She has written for outlets such as Al Jazeera, Bloomberg, the Organized Crime and Corruption Reporting Project, and The Japan Times, among others. Jesse holds a master’s degree in Environmental Policy and Regulation from the London School of Economics.
