Barbados shores up troubled resort

Tiny island's loan guarantee could become more common in the Caribbean given the recession's toll on industry

Call it a bailout, Caribbean style.

Barbados, a popular vacation spot for the affluent, is bailing out the troubled Four Seasons luxury-resort development on the tiny island. Construction of the project stalled a year ago as financing dried up and sales of its private villas slowed, after initially attracting a cast of celebrity buyers.

WSJ Logo