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Argentina calls for swapping debt for climate action

Argentina calls for swapping debt for climate action

October 21, 2021 | Charles Newbery
President Fernández says it will help developing countries reduce debt and emerge from the COVID-19 crisis

Corporate & Sovereign Strategy Bonds Debt Fixed Income CAF Caribbean Latin America Argentina

Argentine President Alberto Fernández called on the international financial community to consider swapping sovereign debt for commitments to fight climate change, helping at the same time to ease the financial strain on developing countries as they emerge from the COVID-19-led economic crisis. "Debt swaps for climate action should be the object of our attention," he said at the annual conference of South American development bank CAF on Tuesday.. The president said it should be possible for sove

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