Tackling the Vicious Circle at COP29

The event will present and discuss the Interim Report of the Expert Review on Debt, Nature and Climate, exploring the 'vicious circle'; which links high levels of indebtedness, climate impacts and nature loss. The event will explore potential reforms to the international financial and debt architecture which can enable vulnerable countries to invest more in climate and nature resilience. We hope the discussion will inform the Expert Review’s work towards its Final Report in spring 2025, which in itself will contribute towards discussions in the G20, G7, IMF, World Bank and other international financial institutions.

Debt, Nature, Climate: Tackling the Vicious Circle

Watch live here

Date: Saturday 16th November

Time: 13.15-14.45 AZT

Location: Climate, Peace and Transboundary Resilience Pavilion, Blue Zone

Description: 

How does increasing indebtedness in developing countries interact with climate impacts and nature loss? And what can be done to restructure debt in ways that will enable countries to invest in climate and nature resilience? Come to a presentation and discussion of the Interim Report of the Expert Review on Debt, Nature and Climate. Set up by the governments of Colombia, Kenya, France and Germany,  the Review is examining how to make debt more sustainable, both fiscally and environmentally.

Speakers: 

• Susana Muhamad, Minister of the Environment and Sustainable Development, Colombia
• Avinash Persaud, Special Adviser on Climate Change to the President, Inter-American Development Bank 
• Kevin Magron, Climate Ambasador, France
• Sam Mugume Koojo, Ministry of Finance, Planning and Economic Development, Uganda 
• Stacy Swann, founder, Resilient Earth Capital

Organised by the Expert Review on Debt, Nature and Climate 

Sponsored by the governments of Colombia, Kenya, France and Germany