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    Summary sheet

    Release date
    11 June 2024
    Status
    Reference
    Approved | 17/07/2024
    20230689
    Project name
    Promoter - financial intermediary
    BARBADOS GLOBAL GATEWAY NATURE GUARANTEE
    GOVERNMENT OF BARBADOS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    not disclosed
    not disclosed
    Location
    Sector(s)
    Description
    Objectives

    The operation aims to effectively address the impacts of climate change, biodiversity loss and pollution, by: i) supporting key investments and enabling activities to sustainably manage natural resources, protect and enhance the resilience of critical and fragile ecosystems as well as the services they provide; ii) conditions and requirements to improve the institutional framework to strengthen Barbados' adaptive, financial and environmental capacity.

    The aim is to make the water system more resilient to climate change, generate renewable energy to mitigate its impacts and reduce marine pollution. The investments under the EIB's Guarantee will also improve the management of ground water resources and make reclaimed water available to sustainable agricultural activities, thereby contributing to food security. Additionally, the operation will contribute to increase the resilience and health of marine ecosystems, hence mitigate and protect the island against the impacts of climate change and damages incurred from hurricanes and storm surges.

    Environmental aspects
    Procurement

    The implementation of the investments under the EIB's guarantee will be done in line with the principles of EU environmental legislation and EIB's Environmental and Social Standards.

    The implementation of the investments under the EIB's guarantee will be done in accordance with the EIB's Guide to Procurement.

    Under Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Milestone
    Under appraisal
    Approved
    17 July 2024
    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Impact Assessment (ESIA) - BARBADOS GLOBAL GATEWAY NATURE GUARANTEE - ESIA and ESMP
    Publication Date
    14 Jun 2024
    Document language
    Main Topic
    Lending
    Document Number
    216960193
    Document Focus
    Environmental Information
    Project Number
    20230689
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - BARBADOS GLOBAL GATEWAY NATURE GUARANTEE
    Publication Date
    18 Jul 2024
    Document language
    Main Topic
    Lending
    Document Number
    215175018
    Document Focus
    Environmental Information
    Project Number
    20230689
    Sector(s)
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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