Economic Highlights
Barbados Leads Regional Move to Innovative Debt Swap Mechanism
Matthew Walker2025-07-09T11:15:31-05:00July 09, 2025 Barbados is set to become the first nation to use a new standardised debt swap facility designed to help countries redirect funds from high-interest loan payments to development projects, finance officials told Reuters. Dubbed a "debt-for-resilience" facility, the multi-billion dollar program is backed by four major development banks. It is expected that