Debt Conversions to Finance Action on the Blue Economy for Small Island Developing States

Debt Conversions to Finance Action on the Blue Economy for Small Island Developing States

This webinar originally aired on 15 February 2017.

Small Island Developing States (SIDS) are highly vulnerable to climate change. However, extremely high public debt ratios make it difficult for these countries to invest in modifying infrastructure and improving coastal and flood protection. The goal of our work is twofold: 1) to facilitate the transaction of donations and investments for climate change adaptation as well as biodiversity conservation in the marine realm and 2) provide highly indebted countries with an innovative financial tool to restructure their debt and allow for debt relief as well as secure capital flows for investments into climate change adaption activities. Protecting the “blue economy” of island states will ultimately reduce vulnerability of both marine ecosystems and the economy as a whole (e.g., through sustained fishing grounds and tourism). And debt conversions allow national governments to free capital streams and direct them into climate adaptation and marine conservation activities that ultimately will restore natural and human resilience to threats of climate change. Join us on this webinar to learn more about relevant debt conversions including how they are financed, managed, utilized, and retired. Learn more about a relevant swap for the Seychelles at https://meam.openchannels.org/news/meam/money-matters-financing-multi-sector-ocean-planning-and-management.

This webinar was presented by Robert Weary of The Nature Conservancy. It was co-sponsored by the EBM Tools Network (co-coordinated by NatureServe and OpenChannels.org) and MEAM.

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