EXCLUSIVE Groups urge G20 to adopt Brady-style debt-for-climate swaps

Smoke comes out of an electric plant on the shore of the polluted River Plate in Buenos Aires, Argentina, June 5, 2017. Picture taken on June 5, 2017. REUTERS/Marcos Brindicci/File Photo

So far debt relief focused on poorest of 72 nations at risk
G20 urged to include middle-income countries in debt relief
New bonds would be guaranteed by facility overseen by World Bank
IMF MD said green debt swaps make sense

WASHINGTON, June 28 (Reuters) – Three think-tanks will unveil a proposal on Monday to avert a looming debt crisis and help heavily-indebted countries accelerate moves toward more sustainable growth and a low-carbon economy as they recover from the COVID-19 pandemic.

The “Debt Relief for a Green and Inclusive Recovery” proposal is modeled o…

Read the full article at: https://www.reuters.com/business/sustainable-business/exclusive-groups-urge-g20-adopt-brady-style-debt-for-climate-swaps-2021-06-28/

Category: Debt HelpBy Insolvency Guardian June 28, 2021

EXCLUSIVE Groups urge G20 to adopt Brady-style debt-for-climate swaps – Reuters

Related Posts