16 April 2024

Beirut time

Special event

Programme-based climate/SDGs debt swaps

  • Washington DC, United States of America
Contact information

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.


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