Debt-for-Climate Swaps: Analysis, Design, and Implementation PDF Download
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Author: Mr. Marcos d Chamon
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 41
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Book Description
This paper compares debt-for-climate swaps—partial debt relief operations conditional on debtor commitments to undertake climate-related investments—to alternative fiscal support instruments. Because some of the benefits of debt-climate swaps accrue to non-participating creditors, they are generally less efficient forms of support than conditional grants and/or broad debt restructuring (which could be linked to climate adaptation when the latter significantly reduces credit risk). This said, debt-climate swaps could be superior to conditional grants when they can be structured in a way that makes the climate commitment de facto senior to debt service; and they could be superior to comprehensive debt restructuring in narrow settings, when the latter is expected to produce large economic dislocations and the debt-climate swap is expected to materially reduce debt risks (and achieve debt sustainability). Furthermore, debt-climate swaps could be useful to expand fiscal space for climate investment when grants or more comprehensive debt relief are just not on the table. The paper explores policy actions that would benefit both debt-climate swaps and other forms of climate finance, including developing markets for debt instruments linked to climate performance.
Author: Mr. Marcos d Chamon
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 41
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Book Description
This paper compares debt-for-climate swaps—partial debt relief operations conditional on debtor commitments to undertake climate-related investments—to alternative fiscal support instruments. Because some of the benefits of debt-climate swaps accrue to non-participating creditors, they are generally less efficient forms of support than conditional grants and/or broad debt restructuring (which could be linked to climate adaptation when the latter significantly reduces credit risk). This said, debt-climate swaps could be superior to conditional grants when they can be structured in a way that makes the climate commitment de facto senior to debt service; and they could be superior to comprehensive debt restructuring in narrow settings, when the latter is expected to produce large economic dislocations and the debt-climate swap is expected to materially reduce debt risks (and achieve debt sustainability). Furthermore, debt-climate swaps could be useful to expand fiscal space for climate investment when grants or more comprehensive debt relief are just not on the table. The paper explores policy actions that would benefit both debt-climate swaps and other forms of climate finance, including developing markets for debt instruments linked to climate performance.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264489991
Category :
Languages : en
Pages : 112
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Book Description
This report explores evidence-based action areas to increase and accelerate the mobilisation of private finance for climate action in developing countries, and the role of international public finance providers in doing so.
Author: Ramstad Wenger, Cathrine
Publisher: Nordic Council of Ministers
ISBN: 9289377356
Category : Business & Economics
Languages : en
Pages : 175
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Book Description
Available online: https://pub.norden.org/temanord2023-546/ Climate change leads to more severe and frequent disasters, increasing heat and sea level rise. When natural or man-made systems meet soft or hard adaptation limits, it can lead to loss and damage (L&D). L&D is unequally distributed, affecting the most vulnerable and least developed countries the worst. The Nordic Council of Ministers’ Working Group for Climate and Air (NKL) has commissioned a project in which the main objective is to map, identify and further develop potential solutions and sources for financial support to developing countries that are particularly vulnerable to climate change induced L&D. This study is a key outcome from this project. In short, this study’s focus is on how to enhance and improve existing solutions and sources and innovate and create new sources of finance that can be used for financing L&D actions.
Author: Luciana S Maulida
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The Intergovernmental Panel on Climate Change mentioned the potential use of debt-for-nature (DFN) swap as one of the financial instruments to mobilise climate finance. Intrigued by this potential, this paper explores the feasibility of DFN swap as a climate finance instrument under the existing climate change regime. This paper aims to answer the main question of 'can DFN swap be classified as a climate finance instrument?'. To answer this question, this paper analyses the interpretation of climate finance provisions under international climate change instruments and finds the existing vagueness of the definition and scope of climate finance. Furthermore, this paper explains the implementation of DFN swap in Indonesia and Seychelles to provide a comprehensive understanding of its operationalisation. To navigate the lack of clear definitive types of financial instruments, the analysis of this paper identified four main elements of climate finance. Finally, in determining whether a DFN swap can be considered a climate finance instrument, the design and use of the DFN swap need to fulfil all of the identified climate finance elements.
Author: World Bank
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 57
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Book Description
The High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth came together to provide policy analysis and practical proposals for actions that could help countries secure a strong recovery from the pandemic and a successful green transition. This report pulls together key findings from the deliberations and provides actionable recommendations to support a pathway to green, resilient, and inclusive development (GRID). The HLAG started by assessing the scale and nature of investment and financing challenges. It was immediately clear that investment needs require rapid and sustained scaling up: conservative estimates presented to the HLAG by Bhattacharya et al. (2022) suggest that EMDEs other than China have aggregate investment and development spending needs on the order of at least $1.3 trillion per year by 2025 and $3.5 trillion per year by 2030.
Author: Juan Bohoslavsky
Publisher: Policy Press
ISBN: 1529237270
Category : Business & Economics
Languages : en
Pages : 372
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Book Description
EPDF and EPUB available open access under CC-BY-NC-ND licence. As many developing countries are facing increasingly higher levels of debt and economic instability, this interdisciplinary volume explores the intersection of sovereign debt and women's human rights. Through contributions from leading voices in academia, civil society, international organisations and nations governments, it shows how debt-related economic policies are widening gender inequalities and argues for a systematic feminist approach to debt issues. Offering a new perspective on the global debt crisis, this is an invaluable resource for readers who seek to understand the complex relationship between economics and gender.
Author: George M. Guess
Publisher: Taylor & Francis
ISBN: 1040022847
Category : Political Science
Languages : en
Pages : 334
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Book Description
Managing international development and aid programs often relies on trial and error and flexibility. Practitioners need a mix of management theory and field practice to prepare them for work in other countries—transitional, developing, wealthier, and poorer alike. Filling an important gap in the literature for graduate students and practitioners in the public sector, private firms, contractors, and nonprofit organizations that manage development assistance projects, this is a guide to dealing with core issues likely to be faced in doing field work. International Development Management for Public and Nonprofit Organizations offers an accessible primer on the basics of managing and motivating people, teams, and organizations. It focuses on challenges and opportunities to managing in difficult cultures and contexts, including hostile political regimes. The book takes a deeper look at management in four sectors: public finance, urban transport, K–12 education, and natural resources and the environment. Presented throughout the book are 28 cases, designed to stimulate critical discussions, as well as five technical exercises to allow integration of theory and practice. This textbook is supplemented by slides for teaching along with a sample syllabus. It is addressed to current and future international aid managers, including those enrolled in international management and international development courses at the university level. Professional development organizations, such as contractors, nonprofits, and donors, will also find the book a useful addition to their training materials.
Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 78
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Book Description
Russia’s war in Ukraine and the related fallout have created a challenging external environment for the post-pandemic recovery of low-income countries (LICs). Food and commodity prices linger at elevated level with worsening food security. Global financial conditions tighten as major economies are fighting against inflation. The delay in LICs’ income per capita convergence to that of advanced economies (AEs) is expected to last into the medium term.
Author: Etienne Espagne
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 57
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Book Description
This paper analyzes the cross-border risks that could result from a decarbonization of the world economy. We develop a typology of cross-border risks and their respective channels. Our qualitative and quantitative scenario analysis suggests that the mid-transition – a period during which fossil-fuel and low-carbon energy systems co-exist and transform at a rapid pace – could have profound stability and resilience implications for global trade and the international financial system.
Author: Dr. Jürgen Kaiser
Publisher: Iucn
ISBN:
Category : Business & Economics
Languages : en
Pages : 76
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Book Description
This publication is aimed at helping IUCN's members to understand the scope and mechanisms of debt conversion and to spot opportunities for their own action in this important field.
