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Gifts from The Morning Star
Bridge(town) over troubled waters
ALAN SIMPSON looks to ‘tomorrow’s economics today,’ as found in a new initiative pioneered by Barbados which allows the poorest access to low-cost finance for climate investment programmes
General views of Cantref Reservoir in Brecon Beacons National Park, Wales, where water levels are low, September 8, 2022

SOMETIMES you have to look for inspiration elsewhere if you want to get out of a mess. Right now, Barbados would not be a bad place to start. 

Its Prime Minister, Mia Mottley, has successfully persuaded global leaders that it’s time to overhaul the archaic rules governing access to global finance.

Dubbed the Bridgetown Initiative, it would reverse the regulatory bias under which the poor have to pay more — sometimes three times more — than the rich for access to climate finance. 

The pursuit of poverty

Banking for the poor and the planet

The ayatollahs of avarice

Empty plates and empty tables

Tomorrow’s economics today

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