During a meeting on climate/SDGs debt swaps held on the sidelines of the spring meetings of the International Monetary Fund and the World Bank Group, ESCWA Executive Secretary Rola Dashti called on improving the capacity of countries in developing programme-based instruments aimed at attracting creditors and donors to scale-up finance for climate action.
The session, organized on 16 April by ESCWA, the International Institute for Environment and Development, the SOAS Centre for Sustainable Finance, and the Sustainability-linked Sovereign Debt Hub, aimed to discuss programme-based Climate/SDGs Debt Swaps as a viable instrument to improve liquidity and fiscal space for countries, to scale-up investments into climate action and SDG achievements.
In this context, ESCWA has launched the Climate/SDGs Debt Swap Mechanism to support member States in their struggle with climate finance.
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25 Apr 2024
Programme-based climate/SDGs debt swaps
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Programme-based climate/SDGs debt swaps
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