First Advisory Committee Meeting on Operationalizing the Climate/SDGs Debt Swap Mechanism - ESCWA
19 Mar 2021
9:00–17:00

UTC+2 Beirut time

Expert Group Meeting

First Advisory Committee Meeting on Operationalizing the Climate/SDGs Debt Swap Mechanism

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ESCWA established an Advisory Committee to support the operationalization of the Debt-swap Mechanism. The Advisory Committee includes high level experts from the public and private sectors and academics who have contributed to implementing bilateral debt swaps or debt for nature swaps or have networked with creditors and donors.

The objectives of this first meeting:

Review global developments and initiatives in debt swap for climate and SDG finance as a means of debt relief and inclusive green recovery;

Study pilot case(s) for operationalizing the Debt-swap Mechanism, including the development of technical assessments and term sheets, and specify the role of ESCWA in implementation arrangements, taking into consideration debtors, creditors, and donors’ perspectives;

➢ Clarify the role of the advisory committee and the level of engagement of its members.

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