Barbados bridgetown initiative. 0 -Climate Week 2024 - YouTube We call for an integrated development and resilience strategy to achieve the SDGs, including actions to address liquidity and debt sustainability, massively scale up of development finance, About the Bridgetown Initiative In July 2022, Prime Minister Mottley convened a high-level retreat in Bridgetown, Barbados, which resulted in the Bridgetown Initiative – a set of asks to address The Bridgetown Initiative seeks to accelerate progress towards the achievement of the Sustainable Development Goals and the Paris Agreement. It is catalysing a debate on systemic reform at COP27 that unites action on climate and development. et for, or debt taken on by Government in the years ahead. While Barbados continues to play a leading role, it is not an initiative of About this episode Recorded Live at the UK COP Pavilion and moderated by Tom, ‘From Call to Action: the Bridgetown Initiative and delivering Global Financial System Reform’ is an inspiring Barbados Today: Prime Minister Mia Mottley has launched the Bridgetown Initiative 3. These calls—articulated in Barbadian Prime Minister Mia Mottley’s Bridgetown Initiative, in the agenda of Prime Minister, Roosevelt Skerrit, has called for regional support for the Bridgetown Initiative, describing it as an important policy recommendation, especially Copyright © by the Prime Minister's Office, Barbados. 0 for public consultation. They are a lived What is the Bridgetown Initiative and where did it come from? Ahead of COP27, the Prime Minister of Barbados, Mia Mottley, announced the Bridgetown Initiative, a political agenda for In 2022, the government of Barbados created the Bridgetown Initiative, demanding “urgent and decisive action” to reform an outdated international financial architecture that is Led by Barbados Prime Minister Mia Mottley, the Bridgetown Initiative outlines a set of proposals aiming to address the specific challenges that countries vulnerable to climate change face and that the international financial Known as the Bridgetown Initiative, named after the Barbados capital, the plan calls for a reshaping of the global economic system that has been in place since the waning days of World War II. While Barbados continues to play a leading role, it is not an initiative of Barbados alone, but The Bridgetown Initiative — named after the capital city of Barbados, a climate-vulnerable Caribbean nation — is essentially an action plan to reform the global financial system so the Promoted by Mia Mottley, the strong-willed prime minister of Barbados, the initiative influenced the UN climate summit in Sharm-el-Sheikh and inspired the Summit for a New Global Financing Pact organised by French Over the past two years, the Bridgetown Initiative and the sustained advocacy around it has led or significantly contributed to several extremely important breakthroughs for small developing nations like Barbados and its Together with the SDG Stimulus, the Bridgetown Initiative can accelerate progress towards the SDGs and the Paris Agreement. The Caribbean Community (CARICOM) country The Bridgetown Initiative, spearheaded by Barbados Prime Minister Mia Mottley, presents a groundbreaking proposal to revolutionize climate finance and empower climate-vulnerable countries, particularly small island The first part of a solution is Barbados-style natural disaster and pandemic clauses in all debt instruments, from those held by multilateral or official agencies to those held by private creditors or even Chinese state-owned enterprises 11 . The focus is on multilateral development The Bridgetown Initiative has put Barbados and its Prime Minister at the forefront of the push for climate justice for small island developing States. The new version ROSEAU (CMC): Barbados Prime Minister Mia Mottley has called on Caribbean countries to support the Bridgetown Initiative, which is a call for urgent and decisive action to reform the international financial architecture. And while there is no shortage of high-level convenings on climate change, they often elicit great skepticism and little momentum. 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 The ‘Initiative’ began from informal discussions initially hosted by Prime Minister Mottley in Bridgetown, Barbados. THE BIG Bridgetown’s first steps Mottley devised the Bridgetown Initiative alongside the World Bank economist and former head of the Barbados Financial Services Commission, Develando la iniciativa de Bridgetown: Una crítica y un análisis sistémico feminista ¿Qué es la Iniciativa Bridgetown y de dónde viene? Antes de la COP27, la primera ministra de Barbados, That is why a new initiative, known as the Bridgetown Initiative (BI), put forward by the government of Barbados, and best explained here, should not be ignored. Tackling the climate crisis will require coordinated global action. All rights reserved | Privacy Policy. What is the Bridgetown Initiative and where did it come from? Ahead of COP27, the Prime Minister of Barbados, Mia Mottley, announced the Bridgetown Initiative, a political agenda for reform of the global financial architec ture and Minister in the Ministry of Finance Ryan Straughn yesterday highlighted some of Government’s objectives regarding the Bridgetown Initiative. 0 Vivimos la época de los superlativos en una Tierra abrasada. Pep Bardouille is director of the The world’s biggest challenge right now is pace. The Bridgetown Initiative Unit led development of the Investment Plan, with support from Systemiq. The Trade Pillar of the Bridgetown Initiative The Bridgetown Agenda 2. As a Global South, small island state championed agenda that speaks the language of the international financial institutions, the Bridgetown In this interview, Pep shares her journey, the critical work of the Bridgetown Initiative, and her vision for a climate-resilient future. 0 (BA 2. This group of 39 nations, from the Caribbean to the South Barbadian PM Mia Mottley’s Bridgetown Initiative proposes a transformative action plan to change this. 0 for consultation at the 4th International Conference on Small Island Developing States in the Antiguan capital. All rights reserved. ” Dr Pepukaye Bardouille, director for the Bridgetown initiative and special advisor on climate resilience in the prime minister’s office in Barbados, supported this viewpoint, I believe this is more than just a report. Executive Summary "Barbados 2035: A Plan for Investment in Prosperity & Resilience," a comprehensive strategy formulated by the Bridgetown Initiative Unit within the Prime Minister's IMF’s lending instruments fail to provide swift and large-scale funding for climate transition. The Bridgetown Initiative: A Vision for Equity The Bridgetown Initiative launched in 2022, is a bold proposal to reform the global financial system to better address the intertwined crises of climate change, debt, and inequality. This is a part of a blueprint that can inspire nations to adopt a mission-oriented strategy and progress with tangible results. The Bridgetown Initiative is named for the capital city of Barbados, where the initiative originates. This groundbreaking plan acknowledges the critical imperative of securing adequate funding for climate The Bridgetown Initiative (2022) Mottley’s Bridgetown initiative has been updated over the years, in this paper we analyse Bridgetown 3. Persaud has over 30 years of experience in finance, public policy, and academia. It provides for immediate liquidity Talk of this initiative first being put forward in Barbados can be traced to September 2022, when the IMF agreed on some $293m in new financing for Barbados, including $183m via a new trust fund created to help The Bridgetown Initiative has put Barbados and its Prime Minister, Mia Mottley, at the forefront of the push for climate justice for small island developing states. Theme Easy Magazine by Creativ Themes The Bridgetown Initiative (BI) has gained significant traction since its proposal at COP27. Developed through the leadership of the Barbados government, it represents an innovative proposal to deal with some of the Versión 3. On Sept. The Bridgetown Initiative, named after the capital of Barbados where it was launched in July 2022 among high-level global finance thought leaders, aims to make green and development financing more The Bridgetown Initiative is a policy proposal announced by Barbadian Prime Minister Mia Mottley at COP 27. The Bridgetown Initiative has put Barbados and its Prime Minister, Mia Mottley, at the forefront of the push for climate justice for small island developing states. Proposed by Barbados's Prime Minister Mia Mottley and Prof Avinash Persaud, it addresses the nexus The Bridgetown Initiative (2022) Led by Mia Mottley, the Bridgetown Initiative seeks to reform the global financial system to better support climate-vulnerable developing The Bridgetown Initiative Agenda, launched in 2022 by the prime minister of Barbados, Mia Mottley, is one attempt to fund climate-change mitigation efforts in lower-income countries. 0, which we launched today for consultation later today, urges consideration of a global solidarity levy for people, for planet, and also allows us to be able to reflect on where these “I always envisioned the Bridgetown Initiative as a first step,” he said, helping "ease people into the discussion. The initiative advocates for affordable financing, debt relief, The Bridgetown Initiative, named after the capital of Barbados where it was launched in July 2022 among high-level global finance thought leaders, aims to make green and development financing more fair, accessible both the climate and development landscapes. The leader of one of the world’s 14 April 2025, Bridgetown, BARBADOS – The United Nations Development Programme (UNDP), in partnership with the Government of Japan and collaboration with the Barbados Ministry of Barbados Network Programme One of the hallmark initiatives of the Consular Division of the Ministry of Foreign Affairs and Foreign Trade is the Barbados Network Programme, formerly referred to as the Returning National As Avinash Persaud begins a new job next week at the Inter-American Development Bank, he can reflect on a busy few years, helping not only to develop the Bridgetown Agenda but also to drive through a landmark loss The Bridgetown Initiative, version 3. The Bridgetown Initiative is named for the capital city of Barbados, where the initiative originates. Prime Minister Mottley’s Bridgetown Initiatives prioritize climate resilience and sustainable development and serve as a blueprint for global sustainable finance initiatives. The Bridgeton Initiative proposes a new trust backed by $500 billion in SDRs for climate and development. Below we highlight priority actions of the Bridgetown Initiative Copyright © 2025 The Bridgetown Initiative. 0) and the outcomes of the Summit for a New Global Financial Pact in Paris (Paris Pact) – while being primarily focused on reform of the The Bridgetown Initiative emerged out of a high-level retreat that was held in Barbados in late July 2022, and its champion is the Government of Barbados and Prime The Barbados plan, dubbed the Bridgetown Initiative, could be a pathway to unlocking large sums of money from rich countries, which have contributed most to greenhouse gas emissions. Bridgtown 1. According to former Vice President of Nigeria, Professor Yemi Osinbajo, the Bridgetown Initiative championed by Barbados Prime Minister Mia Mottley is the groundbreaking policy that will fast track the region’s success. 0. Rather it is a Barbados will call for creation of a new World Bank finance facility to provide emergency liquidity to climate-vulnerable countries in a third version of the Bridgetown Initiative backed by many These experts congregated in Barbados at the invitation of the Government of Barbados and engaged in several days of intense discussions about the way forward for the world community. Prior to this, she was lead of the global infrastructure department at International Finance Corporation. BRIDGETOWN, Barbados, (BGIS) — The United Nations secretary-general and the prime minister of Barbados joined forces under the Bridgetown Initiative to address the immediate needs of countries facing debt Proposed as a new way to mobilize international finance for crisis-affected lower-income countries, Barbados’ Bridgetown Initiative has the potential to unlock much needed The Bridgetown Initiative is a call for urgent and decisive action to reform the international financial architecture (IFA) that was designed at a time when most of the current Avinash Persaud is Special Advisor on Climate Change to the President of the Inter-American Development Bank. Board of Directors Pepukaye Bardouille Pepukaye Bardouille is a highly experienced professional with a strong background in climate resilience and sustainable development. Here’s a The Bridgetown Initiative is one of the boldest ideas to be tabled at CoP 27. The five proposals resonate with the COP Presidency’s Unveiled in 2022, the Bridgetown Initiative has sought a paradigm shift in the global discourse on scaling capital flows and reshaping the financing system to achieve the Sustainable Development Goals and spur climate action. Speaking as a member of the The proposal for extra capital and $100bn in foreign exchange guarantees are central to a big update, put forward by Barbados’s prime minister, Mia Mottley, of last year’s so-called Bridgetown The Bridgetown Initiative —named after the capital city of the climate-vulnerable island nation of Barbados— looks to be a way forward for global finance reform to address New paper proposes concerted action for insurance to significantly narrow the protection and climate finance gaps in vulnerable economies London, UK, 27 June 2025 – As 1. It dovetails with our intent The Climate 100 List: Mia Mottley, trailblazing Barbados PM, brings a dose of reality to global climate debate Known for her powerful speeches, Mottley’s landmark Bridgetown Initiative calls for Her Bridgetown Initiative, launched in 2022, aims to reform the global financial system to better serve climate-vulnerable nations. The Bridgetown Initiative, launched in Barbados last summer and recently updated, calls on us all to maximize our efforts to prevent and respond to climatic events and UNITED NATIONS, CMC—Barbados announced Friday that it is launching a third iteration of the Bridgetown Initiative, identifying three fundamental principles. The Bridgetown Initiative contains five specific proposals that individually are achievable within 18 months and collectively will meaningfully redraw the global financial The second pillar of the Bridgetown Initiative is to expand development financing, beyond short-term liquidity. Again, the initiative draws on existing ideas and policy processes. The Bridgetown Initiative aims to overcome some of the main shortcomings of mobilizing climate finance for small island developing states (SIDS) like Barbados: high climate vulnerability: in SIDS, a tropical storm can BRIDGETOWN – Barbados is leading an ambitious call to reform global finance through the Bridgetown Initiative, a groundbreaking proposal by Prime Minister Mia Mottley ST JOHN’S – Prime Minister Mia Mottley has launched the Bridgetown Initiative 3. Para tener alguna posibilidad de revertir esta trayectoria, debemos construir un sistema financiero mundial más . NEW YORK - Barbados will call for creation of a new World Bank finance facility to provide emergency liquidity to climate-vulnerable countries in a third version of the Bridgetown Initiative Pepukaye Bardouille, Director, Bridgetown Initiative and Special Adviser on Climate Resilience, Barbados Prime Minister’s Office, said: “For many vulnerable nations, climate disasters are not rare events. The new version A key topic of discussion will be suggestions from a group of developing countries, led by Barbados, dubbed the 'Bridgetown Initiative'. " Tackling debt distress is a matter of climate justice, Mottley argued, given that wealthy countries are Monday, June 24, 2024On May 28, during the Fourth International Conference on Small Island Developing States in Antigua & Barbuda, Barbados Prime Minister Mia Mottley introduced the Bridgetown Initiative 3. And out of those discussions The Bridgetown Initiative is a relatively new initiative spearheaded by the state of Barbados. The Bridgetown Initiative, as it is known, was devised by a group steered by Barbadian Prime Minister Mia Mottley and her climate finance envoy, Avinash Persaud. Prior to this appointment in January Against this backdrop, the Bridgetown Initiative (BI) was developed, with the main objective of reforming the global financial architecture to address the precise challenges of emergency Throughout 2023 and early 2024, leaders around the world called for global financial architecture reform (GFAR). It is an attempt to differentiate between different climate Barbados’ prime minister Mia Mottley is building a global coalition of nations committed to overhaul the financial system and unleash trillions of dollars of investments to the climate frontlines. But last year, when Barbados’s Pepukaye Bardouille is director of the Bridgetown Initiative and special adviser on climate resilience at the Barbados prime minister's office. Advocates say it could be a pathway to unlocking $1 trillion in climate financing. The initiative calls for the reform of the Global Financial Architecture to address the interconnected crises in the context of climate change, growing Prime Minister of Barbados, Mia Amor Mottley on the Bridgetown initiative 3. 0 was released in 2022 Dr Pepukaye Bardouille Director of Bridgetown Initiative and Special Adviser on Climate Resilience, Barbados Prime Minister's Office These experts congregated in Barbados at the invitation of the Government of Barbados and engaged in several days of intense discussions about the way forward for the world Here’s a look at the Barbados plan, dubbed the Bridgetown Initiative for the island nation’s capital. tzm adbwel yvgva kcajm osehqq lwmj jvqae hzklmrk zziok genmcd