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Barbados has completed a $125 million debt swap aimed at enhancing the resilience of its water and sewage systems against climate change. The initiative, arranged by a unit of the Canadian Imperial Bank of Commerce, is supported by $300 million in guarantees from the European Investment Bank and the Inter-American Development Bank. The funds will be utilized to replace some of the island's most costly debt.
The global medical devices market is experiencing steady growth, with an annual rate of 3.63% and over 5 million workers employed. Key trends include surgical robotics, brain implants, and 3D simulations, with significant funding activity and innovation reflected in over 1.09 million patents filed. Notable startups are advancing technologies in chronic disease management, bioelectronics, and active fall prevention, showcasing a vibrant entrepreneurial ecosystem.
The European Investment Bank is set to increase its investment in the asset-backed securities market as reforms are implemented under Poland"s EU presidency. Vice President Gelsomina Vigliotti emphasized the importance of advancing the capital markets union to enhance Europe"s financing infrastructure.
Negotiators at COP29 are pushing for a streamlined climate finance text, aiming to clarify options for a new financial goal amidst concerns over delays. Meanwhile, Brazil unveiled its updated climate plan, targeting a 59-67% emissions reduction by 2035, despite plans to increase fossil fuel production by 36%. Critics argue that Brazil's approach undermines its climate commitments.
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Barbados secures 125 million debt swap for climate resilience initiatives
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17:34 02.12.2024
global medical devices market shows steady growth and innovation trends
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