Disclaimer: The designations employed and the presentation of the material in this policy brief do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. [...] This report discusses the potential of debt for The Pacific Small Island Developing States climate swaps to leverage additional finance for (PSIDS)1 are some of the most vulnerable climate actions in the PSIDS while also reducing countries in the world to the effects of climate debt burdens. [...] Recommendations for a financial structure of a debt for climate swap arrangement Based on the description of debt swaps and the • Allocate part of the funding in the trust opportunities and challenges discussed above, fund to financial assets and re-invest the debtor country designing and negotiating a the return on those assets to provide financial structure of a swap mechanism to additional capi. [...] For for climate swaps, two potential concerns for the PRF, supporting debt for climate swaps will creditors and third parties, in the case of a third- provide it with additional experience and party debt swap, are the use of the funds saved expertise in both fund management and in the and the effectiveness of the climate mitigation or technical management of climate projects that adaptation projec. [...] Based on the analysis of the worsened over the last decade but most experience and policy recommendations, with importantly after the COVID-19 pandemic, a support from key partners, debt for climate large number of them are at high risk of debt swaps are a feasible option to address the distress, and the conventional sources of insufficient availability of climate finance in the climate finance ar.
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