The new Blue Green Bank set to be launched here will fund climate resilient projects.The legal framework for its creation was debated in the House of Assembly on Tuesday, as Minister in the Ministry of Finance Ryan Straughn, outlined the background to its establishment during the Barbados Blue Green Bank Bill 2024.He told the Lower House that in some cases, grants will be provided, in other instances loans will be offered to applicants, while in some cases, the Barbados Blue Green Bank will partner with other agencies to provide specific instruments in order to drive financial innovation in the climate finance space.“It is timely. We want to make sure that everywhere possible and appropriate, the policy that government is pursuing that there is a mechanism to have those policies come to fruition.
