How debt-for-climate swaps can help solve low-income countries' fiscal and environmental challenges at the same time

Published on: Monday 31 October 2022

Debt swaps in some countries have involved commitments to protect the ocean. Ashley Cooper/Corbis via Getty ImagesBarbados Prime Minister Mia Amor Mottley spoke passionately to the United Nations General Assembly in September about the mounting debt many developing countries are shouldering and its increasing impact on their ability to thrive. The average debt for low- and middle-income countries, excluding China, reached 42% of their gross national income in 2020, up from 26% in 2011. For count

News source: https://news.yahoo.com/debt-climate-swaps-help-solve-123406010.html

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How debt-for-climate swaps can help solve low-income countries' fiscal and environmental challenges at the same time