Tackling the Debt, Climate and Nature Crises in the post COVID-19 economic recovery
Oct 13, 2021 | 10:45 AM - 11:45 AM
Oct 13, 2021 | 10:45 AM - 11:45 AM
Description
Governments globally are facing a Triple Crisis of sovereign debt, climate change and biodiversity loss that, if left unaddressed, represents a systemic risk to the global economy. To help developing countries in addressing this triple crisis, the World Bank, IMF, OECD and other organisations are working to establish a new Global Platform to support mobilising affordable financing for a green and blue economic recovery. The Platform will explore policy and levers as well new financial instruments for nature-based solutions, including sovereign sustainability-linked bonds. This session will offer an opportunity to learn more about this initiative, its scope and contribution, and to explore some of the financial instruments that could be developed to help developing countries scale up nature and climate actions.
