{"id":258546,"date":"2025-11-19T07:13:33","date_gmt":"2025-11-19T11:13:33","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=258546"},"modified":"2025-11-19T07:13:34","modified_gmt":"2025-11-19T11:13:34","slug":"george-says-debt-swaps-could-help-antigua-fund-climate-projects","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/george-says-debt-swaps-could-help-antigua-fund-climate-projects\/","title":{"rendered":"George Says Debt Swaps Could Help Antigua Fund Climate Projects"},"content":{"rendered":"
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George Highlights Debt-for-Climate and Debt-for-Development Swaps as Key Tools for Small States<\/strong><\/p>

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Senator Dwayne George says debt-for-climate and debt-for-development swaps could give Antigua and Barbuda the fiscal space needed to strengthen its infrastructure and climate resilience. Speaking on Government in Motion<\/em> on ABS, he explained that the initiatives discussed during recent IMF and World Bank meetings would allow small states to redirect funds toward national priorities instead of traditional debt payments.<\/p>\n\n\n\n

George said the concept involves international partners purchasing a country\u2019s domestic debt at a reduced rate. \u201cAn entity buys that debt at a discount,\u201d he said, outlining how the process eases immediate financial pressure. \u201cSo instead of paying that money to service your debt, that money goes into development.\u201d<\/p>

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He said the mechanism is designed for countries facing repeated climate-related shocks, allowing them to steer resources toward resilience. \u201cIt helps us with climate-resilient projects,\u201d George said, adding that small island states need tools that recognise their unique vulnerabilities.<\/p>

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According to George, these swaps offer a pathway for Antigua and Barbuda to fund critical improvements without expanding its fiscal burden. By converting debt obligations into development investments, he said, the country can better respond to the disruptions that often set small economies back.<\/p>\n\n\n\n

\u201cIt gives small states like ours room to breathe,\u201d he said.<\/p>

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George Highlights Debt-for-Climate and Debt-for-Development Swaps as Key Tools for Small States Senator Dwayne George says debt-for-climate and debt-for-development swaps could give Antigua and Barbuda the fiscal space needed to strengthen its infrastructure and climate resilience. Speaking on Government in Motion on ABS, he explained that the initiatives discussed during recent IMF and World Bank […]<\/p>\n","protected":false},"author":3,"featured_media":258532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-258546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nGeorge Says Debt Swaps Could Help Antigua Fund Climate Projects - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/george-says-debt-swaps-could-help-antigua-fund-climate-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"George Says Debt Swaps Could Help Antigua Fund Climate Projects\" \/>\n<meta property=\"og:description\" content=\"George Highlights Debt-for-Climate and Debt-for-Development Swaps as Key Tools for Small States Senator Dwayne George says debt-for-climate and debt-for-development swaps could give Antigua and Barbuda the fiscal space needed to strengthen its infrastructure and climate resilience. 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