Climate-Resilient Debt Clauses, and Pre-Emptive Reprofiling
Fiscal Space
Moderate Progress
Fiscal Space
Fiscal authorities around the world must prepare for more frequent and severe climate-related shocks, as well as for large financing needs. Reform topics in this theme are intended make sovereign balance sheets more resilient and robust to achieve climate goals.
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Publications and educational material to deepen understanding of Fiscal Space and related topics.
Debt for climate swaps: exploring avenues and opportunities
Debt-for-Climate Swaps
A working paper exploring several case studies that illustrate different approaches that VCEFs like GCF can take around debt for climate swaps.
Debt for climate swaps: a primer for FiCS members
Debt-for-Climate Swaps
Brief report on how PDBs can engage with debt swaps.
ICMA Guidance Note and Term Sheet on Climate Resilient Debt Clauses
Climate-Resilient Debt Clauses, and Pre-Emptive Reprofiling
Restructuring Sovereign Domestic Debt and the International Financial Architecture
Climate-Resilient Debt Clauses, and Pre-Emptive Reprofiling
A Bridge to Climate Action
Climate-Resilient Debt Clauses, and Pre-Emptive Reprofiling
Center for Disaster Protection: Innovations in Sovereign Debt: Taking Debt Pause Clauses to Scale
Climate-Resilient Debt Clauses, and Pre-Emptive Reprofiling
World Bank Group CRDC Product Note
Climate-Resilient Debt Clauses, and Pre-Emptive Reprofiling
Introducing a mechanism to defer the payment of principal, interest, and other loan charges to the IBRD Flexible Loan and IDA credits in case of certain natural disasters.