FILE PHOTO: Prime Minister of Barbados Mia Amor Mottley addresses the "Summit of the Future" in the General Assembly Hall at United Nations Headquarters in New York City, U.S., September 22, 2024. REUTERS/David Dee Delgado/File Photo
NEW YORK (Reuters) - 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 developing countries, sources briefed on the plans said.
Barbados Prime Minister Mia Mottley told members of the Council on Foreign Relations some changes were already in progress, but further reforms of international financial institutions were needed to address the growing challenges of high debt levels, climate change and slower growth.
