How can innovative debt-related financial instruments support countries with limited fiscal space in pursuing climate and nature objectives? Interventions from #DRCongo, #Brazil, #Colombia, and the @V20Group in favor of debt-for-nature swaps and sustainability-linked bonds.
Grateful to @the_IDB and The Forest & Climate Leaders’ Partnership for the high level meeting on leveraging financial tools such as debt-for-nature swaps to attract private capital for high-impact, sustainable investments, while helping countries address debt distress.
It was a pleasure to welcome you all at today's thematic event on Debt Sustainability and Socio-economic equality for all.
Special thanks to the high-level delegations who travelled from capitals to be here at the first-ever #UNGASustainabilityweek.
Thank you to all those who contributed to this event’s resounding success.
This has been a very stimulating start to Sustainability Week.
#UNSustainabilityWeek hanging out with @jdauchy@Jayati1609 in the @UN General Assembly Hall speaking about Debt Sustainability and Soci-Economic Equality for all hosted by the PGA. A fire side chat that will live up to it's description "People Pay the Price" #AfricaRuleMaker
Today, the HIPC Completion Point approved by the IMF and @WorldBank provides $4.5 billion in debt relief to Somalia 🇸🇴. This decision will facilitate access to additional critical financial resources that will help the country strengthen its economy.
Read more:
https://t.co/xfJJkQZsFW
"The debt swap mechanism can work for neglected tropical disease (NTD) eradication" @jdauchy CEO of Potomac Group shares novel ideas for financing NTDs to a great response from #RC73AFRO
@cesararias Thank you for sharing your experience with our audience. Your work in #Colombia can serve as a powerful example of how #green and #sustainable goals can be integrated into #debt management practices.
I am all for a bit of ambition when it comes to mobilizing funds for development and climate finance.
But I also think it is helpful to be somewhat realistic. 400b SDRs is roughly the World Bank Group's full balance sheet (IDA + IBRD)
Getting that would be huge
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Reading through the details of the proposed Suriname restructuring. At first sight it looks like bond holders are being effectively rewarded for pushing the country off a cliff. This is what happens when you have a lopsided debt architecture https://t.co/oByyvZqrGE
Watch:
Despite pressure on Rwanda's finances brought on by ongoing global shocks linked to the prolonged impact of the Covid-19 pandemic, the war in Ukraine, and the appreciation of the US dollar, Rwanda has successfully repaid its $400 million Eurobond.
https://t.co/BvWh32XE4X
- New technologies
- The younger generation
- Increasing awareness
This is what gives speakers at @BloombergLive's Green Summit hope for the future regarding climate change https://t.co/cVCGlNgP3v
Been having a great time nerding out at #DebtCon6@ClemensGvL presented our joint work this morning on the social costs of default https://t.co/Gtk4pZS4fW
Thanks to everyone for great questions and suggestions.
Special thanks to organizers @LaynaMosley@AGelpern@upanizza