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Remarks by President Ilan Goldfajn on the occasion of the XII Annual Consultation with Caribbean Governors of the Inter-American Development Bank

· Ilan Goldfajn, President of the Inter-American Development Bank (International)

Summary written by Dark Majestic in its own words · topics: financial stability, climate, energy and nature, public finances and debt, development and emerging economies

IG
· Ilan Goldfajn Wiki · Inter-American Development Bank WikiRemarks by President Ilan Goldfajn on the occasion of the XII Annual Consultation with Caribbean Governors of the Inter-American Development Bank

ContextRemarks at the 12th annual consultation between the IDB and the governors representing its Caribbean member countries (February 2024).

Why it mattersClimate exposure and high public debt are the two constraints of Caribbean economies; the speech links them through debt-for-climate swaps.

Problems raised
  1. Caribbean economies are vulnerable to climate change.
  2. High public debt limits investment.
  3. Water and environmental infrastructure is fragile.
Solutions proposed
  1. Use debt-for-climate conversions to create fiscal savings.
  2. Invest in water and climate resilience.
  3. Strengthen debt management capacity.
Read full speech on iadb.org ↗

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