IMF struggling over long-awaited ‘green debt swap’ push as COP26 nears By Reuters – Investing.com

IMF struggling over long-awaited ‘green debt swap’ push as COP26 nears By Reuters – Investing.com

By Andrea Shalal

ROME (Reuters) - The IMF is narrowing its push for debt-for-climate swaps to focus on countries without major debt issues and has dropped plans to release a joint proposal with the World Bank before next week's UN climate conference, according to sources familiar with the matter.

In April, International Monetary Fund (IMF) chief Kristalina Georgieva said green debt swaps could spur accelerated action on climate change in developing countries, and pledged to work with the World Bank to "advance that option" in time for the United Nations Climate Change Conference 26 in Glasgow.