Practice Standards for Debt Conversion Projects for Nature, Resilience, and People
Today the world faces three interconnected crises: biodiversity loss, climate change, and unsustainable debt, each greatly exacerbating the other. Governments, Non-Governmental Organizations (NGOs), and Development Finance Institutions (DFIs) have increasingly focused on using commercial debt refinancing to simultaneously take action in support of conservation, build resilience to environmental change, and reduce or reprofile sovereign debt.