In a context of multiple global crises, foreign ministers and senior authorities from Latin America and the Caribbean and other member countries of ECLAC ratified today their commitment to multilateralism, regional cooperation and implementation of the 2030 Agenda for Sustainable Development, and they reiterated the urgent need to reform the multilateral system and the international financial architecture so that this eminently middle-income region can access adequate financing for moving towards more productive, inclusive and sustainable development.
The Dialogue of Ministers of Foreign Affa…
En un contexto de múltiples crisis globales, Cancilleres y altas autoridades de América Latina y el Caribe y otros países miembros de la CEPAL ratificaron hoy su compromiso con el multilateralismo, la cooperación regional y la implementación de la Agenda 2030 para el Desarrollo Sostenible, y reiteraron la urgente necesidad de reformar el sistema multilateral y la arquitectura financiera internacional para que la región -eminentemente de renta media- pueda acceder a financiamiento adecuado para avanzar hacia un desarrollo más productivo, inclusivo y sostenible.
El Diálogo de cancilleres y altas…
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I will focus my remarks on two types of instruments which have the potential to catalyze further action to deliver on global environmental commitments: Debt swaps and thematic bonds.
Debt swaps for climate and nature are a financial instrument allowing countries to obtain debt forgiveness and reductions from external creditors in return for a commitment, on the part of the country, to invest in the protection of the environment, simultaneously addressing two major challenges to sustainable development: climate change and debt distress.
Thematic bonds are debt instruments which s…
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