Barbados presses case for fairer global climate financing

BRIDGETOWN, Barbados (CMC) — Barbados is calling for innovative development financing to be matched with institutional reform to help vulnerable countries withstand climate and economic shocks.

The country’s Minister of People Empowerment and Elder Affairs Adrian Forde made the appeal while addressing the 18th Ministerial Forum on Development in Latin America and the Caribbean in Panama City, Panama, on Wednesday.

Speaking on the theme, “From Commitment to Action: State Capacities and Financing for Resilient Development”, Forde highlighted the challenges facing small island developing states (SIDS), particularly the shortfall in funding for climate adaptation.