Exploring the Role of Debt Swaps in Climate Finance

July 24, 2025

This episode explores the potential of debt-for-climate swaps as a strategic tool to address climate challenges and fiscal constraints in developing countries. While implementation has often been slow and fragmented, the conversation examines practical experiences from regions like Latin America and Africa, and highlights how such mechanisms can support national development strategies when backed by credible governance, strong partnerships, and financial innovation.

Speakers
Rim Berahab
Principal Economist
Rim Berahab is Principal Economist at the Policy Center for the New South, which she joined in 2014. She is currently working on themes related to energy issues and their impacts on economic growth and long-term development. Her research areas also cover trade and regional integration challenges in Africa. Previously, she has also worked on questions related to gender inequalities in the labor market of North African countries. Rim spent three months at the International Monetary Fund (IMF), in 2016, in the Commodities Unit of the Research Department. She holds a State Engineering degree from the National Institute of Statistics and Applied Economics (INSEA). ...

RELATED CONTENT

  • From

    17
    9:00 am November 2026
    In person registrationOnline registrationIndustrialization in North Africa is entering a new phase shaped by global megatrends, the green and digital transitions, evolving value chains, and the growing need for resilient and competitive production systems.Against this backdrop, the Policy Center for the New South and the United Nations Industrial Development Organization (UNIDO) are convening The Future of Industrialization: Building Future-Ready Industries in North Africa on November 17, 2026, at the Policy Center for the New South in Rabat.The event will present key insights from the Industrial Development Report 2026 (IDR26) and bring together policymakers, industry leaders and experts to discuss the region’s industrial opportunities, constraints and policy priorities. The ...
  • Authors
    October 27, 2026
    Mozambique’s extractive-industry development model is a textbook case of how enormous FDI funds derived from its rich mineral base have not been leveraged to   promote inclusive economic growth and generate food security for all. It is a textbook case of the resource curse.  Instead, only a few have benefitted, leaving the poor and vulnerable, who constitute the vast majority, to struggle unassisted. These include smallholders in subsistence-oriented agriculture ...
  • Authors
    July 2, 2026
    Africa is facing a massive electricity deficit that is impacting its economic and social development, and its ability to catch up with the rest of the world. It is imperative that the continent increase its electricity production to connect the 600 million people who are currently without access and to improve the quality of service for the millions who are suffering from frequent blackouts and load-shedding. Economic development in the 21st century will crucially depend on the digi ...
  • June 30, 2026
    This episode explores Morocco’s green transition, examining the country’s progress in renewable energy alongside the challenges of reducing dependence on fossil fuels. It discusses the economic and social impacts of climate change, particularly on water, agriculture, and health, while h...
  • June 3, 2026
    Cet épisode met en lumière les défis et perspectives du secteur halieutique marocain à travers l’analyse du Pr. Abdelkabir Kamili. Il souligne que la durabilité des ressources marines n’est pas un frein à la croissance économique, mais une condition essentielle pour garantir la performa...
  • May 29, 2026
    This Paper was originally published on tandfonline.com This paper examines how reductions in transportation costs reshape regional economic and environmental outcomes in Morocco. We simulate a reduction in delivered (purchasers’) costs via a transport-margin efficiency improvement – implemented as a margin-saving technical change in the transport sector – within a province-level Spatial Computable General Equilibrium (SCGE) framework. Simulating a 1% decline in transport costs, ...
  • Authors
    Jorge Arbache
    May 14, 2026
    Decarbonization is reconfiguring global relative prices. As clean energy, natural capital, and location-specific assets become dominant industrial inputs, the relative cost of producing low-carbon goods is increasingly determined by geography. Two systematic distortions explain why the expected reallocation of investment toward renewable-rich economies remains incomplete. First, industrial policy interventions, including subsidies, trade barriers, and certification systems, disconne ...
  • Authors
    April 28, 2026
    Climate policy is increasingly reshaping the conditions under which firms participate in international markets. As some jurisdictions introduce carbon border adjustments, lifecycle emissions standards, and supply-chain traceability requirements, market access is starting to be made conditional on verifiable characteristics of production processes, such as carbon intensity, embedded emissions, and input sourcing, rather than solely on product characteristics or prices. This paper exa ...
  • March 30, 2026
    L’épisode explore les mutations profondes du secteur énergétique mondial, marqué par une transition complexe entre crise des prix et crise des systèmes. Après une période de tensions extrêmes sur les coûts de l’énergie (pétrole, charbon, gaz), 2025-2026 marque un tournant : les prix se ...