UK confirms plan for climate disaster debt holidays

Finance Day at COP27

James Murray
clock • 3 min read

Treasury announces plans for innovative new loan agreements to better support those countries most vulnerable to the effects of climate change.

The government will today unveil a new package of measures designed to help climate vulnerable countries better respond to the extreme weather that is undermining their development efforts. To mark Finance Day at COP27, the Treasury is to confirm plans for Climate Resilient Debt Clauses (CRDCs) which effectively allow vulnerable countries hit by hurricanes and other climate catastrophes to defer debt repayments, freeing up resources to fund disaster relief. Mixed assets only ESG funds to keep money in volatile markets UK Export Finance (UKEF) is to become the first export credit ag...

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