Dear Chair, Excellencies, all protocols observed.
Middle-income countries, or MICs, comprise 107 states worldwide.
They constitute a large share of countries in the Arab Region, Asia Pacific and Latin America and the Caribbean, and thirty out of 54 African countries are middle-income.
They represent over 75% of the world’s population and are home to 62% of the world’s poor.
They account for a third of global GDP, 45% of total investment, and 30% of total exports.
These figures speak for themselves about the importance of the MICs in the world and for the implementation of the 2030 Agenda…
23 Oct 2024, 00:00 - 14 Oct 2025, 15:03
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Documento de trabajo
Addressing high and unsustainable debt levels is a precondition for securing a livable planet for all. Countries need sufficient fiscal space and borrowing capacity to invest in development, climate and nature, particularly given the higher upfront investment needs associated with the transition to more sustainable and resilient economic models. Shifting on to more climate-compatible and nature-positive economic paths is the only way to minimize long-term risks and costs, and secure prosperity for all. Debt is an essential fiscal tool in this endeavor. But many em…
Good afternoon
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…