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Debt-for-climate swaps in the COVID-19 era: killing two birds with one stone?

Dennis Essers, Danny Cassimon and Martin Prowse

No 43, IOB Analyses & Policy Briefs from Universiteit Antwerpen, Institute of Development Policy (IOB)

Abstract: The COVID-19 pandemic has further fuelled problems of debt sustainability in developing countries and has sapped the fiscal resources needed to finance climate mitigation and adaptation efforts. We examine whether “debt-for-climate” swaps, instruments whereby debtor countries are relieved from their contractual debt obligations in return for local climate-related spending commitments, may be helpful in tackling worrying debt levels and climate concerns simultaneously.

Keywords: debt-for-climate; swaps (search for similar items in EconPapers)
Pages: 4 pages
Date: 2021-03
New Economics Papers: this item is included in nep-ene and nep-env
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