Debt relief move key for economic stability

Supportive fiscal acts to serve as crucial pillar to sustain robust recovery amid headwinds both at home and abroad BEIJING — Just as a single decisive move can energize a chess game, China’s latest initiative to address local government debt risks marks a crucial step in revitalizing the growth prospects of the world’s second-largest economy.…

Debt for nature swaps as a growing solution for financial relief and conservation

Countries with lower credit ratings are increasingly utilizing debt-for-nature swaps to manage their financial liabilities while supporting environmental conservation initiatives. This trend is gaining traction with the backing of multilateral development banks and an expanding pool of diverse investors, according to Latin Finance. Joan Prats, a principal financial specialist at the Inter-American Development Bank (IDB),…