Here is a excerpt taken from The Antigua Observer:
Baptiste told the CARDI consultation that he was able to further reduce the debt to $18 million after talks in Rio in June with that country’s finance minister, Guido Mantega.Read more here. As you can see, it's not very specific to be honest. Caribarena.com wrote another piece today questioning what exactly this all meant:
“We were introduced to a climate change organisation (The Nature Conservancy) and we are getting involved in a debt for climate adaptation swap,” Minister Baptiste said.
“We will get the climate change people to pay off the $18 million for us while we get vigorously involved in coastal zone management in Antigua & Barbuda.”
However, when Caribarena.com contacted Senior Environment Officer Ruleta Camacho and her Chief Environment Officer Diann Black-Layne, neither could share any information on the $18 million initiative.
According to Wendy Tittle, Press Secretary for Minister Baptiste, too many details cannot be divulged about the proposed initiative at this time, as the ministry is “still waiting on some documents.”