The Potentials for Debt-for-Climate and Nature Swaps in Latin America and the Caribbean: Working Paper 2025

dc.contributor.approvalRecordUNEP Publication Board
dc.contributor.authorUnited Nations Environment Programme
dc.contributor.organizationClimate Change Division
dc.date.accessioned2026-01-20T12:44:37Z
dc.date.issued2025-12
dc.date.submitted2026-01-20
dc.descriptionDebt-for-climate and nature swaps (DFCNS) provide partial debt relief in exchange for commitments to invest in climate action and nature conservation. First used in the 1980s, they have gained renewed momentum in recent years, particularly in LatAm with countries such as Belize, Ecuador, Barbados, and Peru implementing increasingly large and complex deals. These swaps have reduced debt servicing costs and unlocked funding for climate projects. Constrained fiscal space make DFCNS an attractive option for many countries. LAC countries’ experience with swap mechanisms and their shared, biodiverse ecosystems further support this approach. The paper emphasizes the need for a coordinated strategies, recommending the creation of a knowledge centre, identification of shared climate and nature priorities, exploration of multi-country debt pooling, and consideration of a regional fund to enhance the effectiveness and scale of DFCNSen
dc.description.reviewStatuspeer-reviewed
dc.description.statusFinal
dc.formatpdf
dc.identifier.doihttps://doi.org/10.59117/20.500.11822/49174
dc.identifier.isbn978-92-807-4262-6
dc.identifier.otherCLI/2744/NA
dc.identifier.urihttps://wedocs.unep.org/handle/20.500.11822/49174
dc.languageEnglish
dc.page.number33 p.
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 IGOen
dc.rights.accessLevelPublic
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subject.sdgSDG 13 - Climate Action
dc.subject.sdgSDG 15 - Life on Land
dc.subject.sdgSDG 17 - Partnerships for the Goals
dc.titleThe Potentials for Debt-for-Climate and Nature Swaps in Latin America and the Caribbean: Working Paper 2025en
dc.typeWorking paper

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