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Experts call for debt restructuring and new financial instruments to tackle climate change and nature loss in ‘critical decade of action’
The threat of global recession and cuts to overseas aid make it more vital than ever to tackle ‘triple crisis’ of indebtedness, climate impacts and nature loss, says landmark report. IMF and World Bank urged to reform their debt sustainability analysis and help developing countries restructure their debts to support climate-resilient and nature- smart growth plans within ‘critical decade of action’. Developed countries, development banks and private sector urged to develop innovative new financing instruments for green investments in light of recent global upheaval.
Foreign Ministers of Latin America and the Caribbean Ratified their Commitment to Multilateralism and Advocated for Urgent Reform of the International Financial Architecture at ECLAC’s Meeting in Peru
A Dialogue of Ministers of Foreign Affairs and High-level Authorities took place in the framework of the United Nations regional organization’s Fortieth Session, which concludes this Friday, October 11.
Scaling up debt-swaps and outcome-based innovative financing mechanisms for climate, nature and food
Remarks by José Manuel Salazar-Xirinachs, Executive Secretary of ECLAC, at HLPF side-event organized by the Permanent Mission of Colombia at the United Nations.
HLPF Plenary session. Middle-income countries: Overcoming barriers in achieving the SDGs
Statement by José Manuel Salazar-Xirinachs, Executive Secretary of ECLAC, at the HLPF Plenary session on Middle-income countries.
