Pular para o conteúdo principal
Available in English

High-level meetings on the ECLAC Caribbean Resilience Fund

26 de julho de 2022|Evento

The Caribbean Resilience Fund (CRF) is an innovative mechanism to leverage absolutely necessary finance for development while simultaneously reducing the growing and onerous debt burden. In-depth discussions will address the main elements of the CRF; its structure, participation and governance. This will include reflection on optimal housing of the CRF and scope for capitalization of the Fund. The meeting will also explore important next steps for initiating debt swap negotiations.

money-2696236_1920.jpg

coins
Green Fund
Image courtesy Pixabay

The ECLAC Debt for Climate Adaptation Initiative is an ongoing Caribbean-wide subregional initiative, which seeks to substantively address the high and unsustainable level of debt of many Caribbean economies, which has compromised the growth trajectory of the subregion. The Initiative actively promotes consideration of a strategy to address the high debt-low growth dilemma of the Caribbean in a sustainable manner while fostering investment in climate adaptation and resilience building. The main beneficiaries are Caribbean economies.  

The Initiative will be launched in the first instance with the three Pilot economies of Antigua and Barbuda, Saint Lucia and Saint Vincent and the Grenadines. 

 

All outstanding issues necessary for the establishment of the Caribbean Resilience Fund (CRF) will be considered at ECLAC’s upcoming High-Level Meeting on the Caribbean Resilience Fund and Debt for Climate Swap Initiative, scheduled to be held in Antigua and Barbuda, 26-29 July 2022. 

In-depth discussions will address the main elements of the CRF; its structure, participation and governance. This will include reflection on optimal housing of the CRF and scope for capitalization of the Fund. The meeting will also explore important next steps for initiating debt swap negotiations.

Agenda

 

  1. Registration
  2. Opening of the meeting
  3. The Evolution of the ECLAC Debt for Climate Adaptation Swap Initiative and the CRF
  4. Consideration of Liability Management Operations for Debt Restructuring and Liquidity Enhancement
  5. Consideration of the structure and functioning of the CRF:
    1. Window 1: Resilience Building
    2. Window 2: Growth and Competitiveness
    3. Window 3: Debt and Liquidity
  1. Housing the CRF
  2. Capitalizing the CRF: Engaging with donors/investors
  3. Roundtable discussion on next steps
  4. Closing of the meeting