Africa is severely impacted by the triple crisis of debt, climate change and nature loss. The continent’s debt now stands at more than 70% of GDP.
The report attempts to materialize the potential to systematically implement debt management instruments linked to climate and nature key performance indicators (KPIs). It addresses the efficacy of tools such as debt-for-climate swaps and sustainability-linked bonds in accordance with site-specific needs, offering refinancing strategies that can assuage debt crises and attain KPIs on climate resilience.
The broad execution of such debt instruments would require multilateral and sustained assistance from various sectors; however, through advocacy and action, the report provides grounds for engagement towards poverty-reducing climate and nature outcomes.