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The Need for Debt-for-Climate Swaps

With developing countries facing a debt crisis that will only get worse as the COVID-19 pandemic continues, it is already inevitable that massive debt...

The only question is whether it will be designed to address the even larger climate crisis that is approaching.

  • SHAMSHAD AKHTAR , KEVIN P. GALLAGHER , STEPHANY GRIFFITH-JONES , JÖRG HAAS , ULRICH VOLZ
  • Project Syndicate

ISLAMABAD – A global debt crisis is looming.

Even before COVID-19 swept the world, the International Monetary Fund had issued a warning about developing countries’ public debt burdens, noting that…

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