The Bridgetown Initiative

The Bridgetown Initiative is a relatively new initiative spearheaded by the state of Barbados. The initiative calls for the reform of the Global Financial Architecture to address the interconnected crises in the context of climate change, growing inequalities, and developing countries´ debt burdens. Its focus is on six key action areas aimed at “building a more equitable, fit-for-purpose development finance architecture”. So far, the initiative has provided a platform and voice to demand financial and climate justice, as was evident during COP 27, where an agreement to establish a loss and damage fund was announced.