Debt-for-adaptation swap: investment in adaptation and resilience
Low-income countries (LICs) are suffering from triple distresses: the mortal impact of Covid-19, increasing debt burdens, and climate change impacts. Obviously, they are all suffering from a liquidity crunch because of competing national priorities. In the near term, adequate adaptation finance for climate-proofing development and enhancing the resilience of societies is not likely to be available. Therefore, this policy brief brings in the debt-for-adaptation swap as an alternative source that should be included in the global policy discourse.