INITIATIVE
Bridgetown Initiative: 3.0 Final Draft
Reform of the International
Development and Climate Finance
Architecture
We call for an integrated development and
resilience strategy to achieve the SDGs, including
actions to address liquidity and debt
sustainability, massively scale up of development
finance, mobilise private capitial, and build a
matching trading system.
The International Financial Architecture (IFA)
is critical to enabling international trade and
investment, and mobilising the financing
required for sustainable development,
including combatting the climate crisis.
In July 2022, Prime Minister Mottley convened a
high-level retreat in Bridgetown, Barbados.
What began as a loose set of ideas and calls for
change coalesced into the Bridgetown,
initiative.
In July 2022, Prime Minister Mottley convened a
high-level retreat in Bridgetown, Barbados.
What began as a loose set of ideas and calls for
change coalesced into the Bridgetown,
initiative.
WELCOME TO THE OFFICIAL WEBSITE OF THE
BRIDGETOWN INITIATIVE
The Bridgetown Initiative is a call for urgent and decisive action to reform the international financial architecture (IFA).
The IFA was designed at a time when most of today’s member states were not independent and when climate risks or social inequalities, including gender equality, were not considered pre-eminent development challenges, and it already had structural deficiencies at the time of its conception. These have become increasingly at odds with the reality and needs of the world today, making the IFA entirely unfit for purpose in a world characterized by unrelenting climate change, increasing systemic risks, extreme inequality, highly integrated financial markets vulnerable to cross-border contagion, and dramatic demographics, technological, economic, and geopolitical changes.
The Bridgetown Initiative is named for the capital city of Barbados, where the initiative originates. While Barbados continues to play a leading role, it is not an initiative of Barbados alone, but rather a coalition of partners in a movement for global change.
Final Draft Bridgetown Initiative: 3.0
