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 meetings would allow small states to redirect funds toward national priorities instead of traditional debt payments.
George said the concept involves international partners purchasing a country’s domestic debt at a reduced rate. “An entity buys that debt at a discount,” he said, outlining how the process eases immediate financial pressure. “So instead of paying that money to service your debt, that money goes into development.”
He said the mechanism is designed for countries facing repeated climate-related shocks, allowing them to steer resources toward resilience. “It helps us with climate-resilient projects,” George said, adding that small island states need tools that recognise their unique vulnerabilities.
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.
“It gives small states like ours room to breathe,” he said.
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages.
Contact us at [email protected]
You Again! Brotherman, you are not inspiring at all. Just go back to the photo ops and tap de talking pan TV
A idea that is a going the way of offshore internet gaming. Now you see, now you don’t.
Where are the funds the Government received for the rebuilding of Barbuda infrastructure?
Who are these so-called “partners”?
If Antigua and Barbuda is going to swap out debt. Let us start with Local The Entities you owe; like the wealthy Syrian and Lebanese.
Do you really believe anyone going reduce the money they are owed in exchange for unidentified and unknown infrastructure projects?
One can not build their profile by parroting ridiculous statements.
Ha ha ha ha ha ha ha!!!
I would have loved to have been in the room when they were trying to put that in your head.
You are the ALP forgotten foster child.
Why dont you just apologize to the UPP a d return home..
Not that you will be treated to the fatter calf on your return.
However once sanitized you should feel more appreciated abd welcome there.
It is obvious that you can’t see your place in the labour party.
Where is it?
It doesn’t exist.
You might been better off gorging your own party even if it born and die under tge she’d in Bolans like Marshall’s Democratic Labour Party.
Traitors never get the opportunity to raise their heads.
It’s far worse for Lucifer’s son.
Go way bwoy!!!!!!!
@ Adrain McDuffy,
Nice to the head of the class. Debt swaps begins at home.
Let’s stop spending money foolishly running around the world; including recent events in St.Croix when we can get debts swaps right get in Antigua and Barbuda.
Up till this very minute, I can’t understand how you walked from charges of: importation of illicit drugs, conspiracy to importation illicit drugs, possession of drugs with the intent to transfer and possession of drugs with the intent to sell. That’s just why you jumped ship. You are quite at home, knowing that any wrong will be made right. If Antigua/ Barbuda were a real place, you would’ve been banned from been in close proximity to any school.
Get this in your thick head little Judas called George.
This government is not trusted with the peoples affairs when it comes to money right now.
That ship has already sailed..give it a rest trying to sound like some financial guru..y’all are too damn corrupt and tief!
Comments are closed.