Comment: In Argentina, green debt relief has supported forest conservation, an approach that can and should be scaled up as coronavirus stretches budgets
At last months meetings of the International Monetary Fund (IMF), three topics dominated the conversation: the coronavirus pandemic, greening the recovery, and climate change.
For many developing countries, especially the poorest, the overwhelming barrier to addressing all three is their debt burden. In a speech just prior to the meetings, IMF managing director Kristalina Georgieva notedlow income countries entered this crisis with already high debt levels, and this burden has only become heavier.
There isno simple solution totheproblemof developing country debt. However, debt-for-clima…
Read the full article at: https://www.climatechangenews.com/2020/11/05/debt-climate-swaps-can-help-developing-countries-make-green-recovery/
