ESCWA, in collaboration with the International Institute for Environment and Development, the SOAS Centre for Sustainable Finance, and the Sustainability-linked Sovereign Debt Hub, is organizing a side event on climate/SDGs debt swaps during the spring meetings of the International Monetary Fund and the World Bank Group.
Session discussions are aimed at:
- Calling upon middle-income debtor countries to develop programme-based debt swaps (debt swap 2.0) to connect debt swap proceeds to climate action and SDGs.
- Calling upon bilateral creditor countries to support programme-based debt swaps through a pre-emptive debt conversion mechanism.
- Calling upon international financial institutions to support scaling up finance for debt swaps and other key performance indicators-linked instruments with linkage to credit enhancement and concessional financing.
Amman, Jordan
