Since high debt and debt service burdens constrain the ability of countries to respond to climate change challenges and invest in crucial areas of sustainable development during post-Covid-19 recovery, innovative financing solutions are needed to provide resources for a green recovery while not increasing the debt burden.
On 13 April, ESCWA and the International Institute for Environment and Development (IIED) organized a webinar on climate/SDGs debt swaps to enhance the applicability of debt finance instruments by using a framework based on key performance indicators. The framework will help guide governments towards green outcomes.
ESCWA also launched a new report titled “Linking sovereign debt to climate and nature outcomes – A guide for debt managers and environmental decision makers”.
