Debt-for-climate swaps in the COVID-19 era: killing two birds with one stone?
Danny Cassimon and
No 43, IOB Analyses & Policy Briefs from Universiteit Antwerpen, Institute of Development Policy (IOB)
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
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Persistent link: https://EconPapers.repec.org/RePEc:iob:apbrfs:2021001
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