Debt-for-Sustainable Development-Swap Mechanism and Coalition
Overview:
The World Sustainability Forum proposes a global Coalition establishing a Debt-for-Sustainable Development-Swap Mechanism to include both sovereign debtor and creditor nations. This would include support and programmatic initiatives to increase access to affordable Sustainable Development Goals (SDG) finance and facilitate refinancing of existing debt or the issuance of new debt, contingent to verifiable progress on nationally determined commitments to SDGs including disarmament.
Within a multilateral framework, the Coalition brings greater attention to the plight of developing economies which aspire to disarmament; are ambitious in addressing their nationally determined commitments to the SDGs, but constrained by their existing debt burden, the continuing impacts of the COVID-19 pandemic, tightening monetary policy in advanced economies, higher food and energy costs, and other crises, that make public debt prohibitively expensive and less accessible. Without increased fiscal space, and an international forum for addressing the issues at the nexus of debt and the SDGs many nations will be unable to meet their human development priorities and unable to make vital progress against their SDGs, leading to greater geopolitical fragility.
Complete the form below for more information on the Coalition.
The World Sustainability Forum proposes a global Coalition establishing a Debt-for-Sustainable Development-Swap Mechanism to include both sovereign debtor and creditor nations. This would include support and programmatic initiatives to increase access to affordable Sustainable Development Goals (SDG) finance and facilitate refinancing of existing debt or the issuance of new debt, contingent to verifiable progress on nationally determined commitments to SDGs including disarmament.
Within a multilateral framework, the Coalition brings greater attention to the plight of developing economies which aspire to disarmament; are ambitious in addressing their nationally determined commitments to the SDGs, but constrained by their existing debt burden, the continuing impacts of the COVID-19 pandemic, tightening monetary policy in advanced economies, higher food and energy costs, and other crises, that make public debt prohibitively expensive and less accessible. Without increased fiscal space, and an international forum for addressing the issues at the nexus of debt and the SDGs many nations will be unable to meet their human development priorities and unable to make vital progress against their SDGs, leading to greater geopolitical fragility.
Complete the form below for more information on the Coalition.