SPA Initiative Announcement: Global Hub for Debt…

Global Hub for Debt Swaps for Development: This initiative aims to establish a Global Hub for Debt Swaps to improve the design and implementation of debt swaps, and increase potential for scale up.

The Alliance aims to recognize that contractual debt pause clauses can play a key role in bolstering the financial resilience of developing countries and is endeavoring to encourage uptake by all creditors, across both official and private debt, among other actions.

Speakers:

• • Carlos Cuerpo, Minister of Economy, Trade and Business, Spain

  • Ryan Straughn, Minister in the Ministry of Finance, Barbados

  • Baroness Chapman, Minister of State for International Development, Latin America and Caribbean, UK

  • Ilan Goldfajn, President, Inter-American Development Bank

  • Nadia Calviño, President, European Investment Bank

  • Odile Renaud-Basso, President of the European Bank for Reconstruction and Development

Moderated by Alonso Soto, Media Advisory for the Spanish Economy Ministry