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Cabinet has approved a funding proposal for the creation of the Barbados Blue-Green Bank which will provide financing for the country’s climate mitigation project, strengthening the Roofs to Reefs resilience programme.Minister of Home Affairs Wllfred Abrahams said the Blue-Green Bank’s funding proposal is to be presented to the Green Climate Fund’s (GCF) board in July. The GCF is a global fund dedicated to help fight climate change.He noted that through a United States Agency for International Development (USAID) partnership with Barbados, BDS$10 million will be provided for the start-up operations of the Blue-Green Bank, with additional funds to come from the GCF and private parties.In a press briefing in the Committee Room of the Parliament Buildings on Friday, Abrahams highlighted the critical work being done under the Roofs to Reefs programme, noting the importance of the funding being provided for the bank.

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