In a landmark move to enhance disaster resilience and alleviate debt burdens, the Inter-American Development Bank (IDB), CAF – Development Bank of Latin America and the Caribbean, and the Caribbean Development Bank (CDB) have unveiled the Caribbean Multi-Guarantor Debt-for-Resilience Joint Initiative. Announced during COP30, this regional program aims to leverage guarantees from multilateral development banks (MDBs) and private sector partners to create fiscal space for Caribbean nations, enabling investments in resilience measures without escalating debt levels. The initiative focuses on three core objectives: scaling up debt-for-resilience swaps, strengthening coordination among MDBs, governments, and private sector partners, and improving transparency and monitoring standards to attract further investment. A dedicated facility under a Framework Agreement will be established to coordinate guarantors in debt-for-resilience swap transactions, ensuring alignment with national development priorities and sovereign debt management strategies. The initiative also plans to develop common principles for guarantee terms, shared taxonomies, and key performance indicators (KPIs) for resilience investments, aligned with global benchmarks. By simplifying multi-guarantor debt swaps, the program aims to attract new guarantors, reduce costs, and accelerate execution. Each transaction will include a regional public-goods component to bolster collective resilience across the Caribbean. The IDB, CAF, and CDB, with their extensive experience in sustainable development and regional integration, are well-positioned to drive this transformative initiative.