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Colombia: How rating agencies complicate debt-for-nature swaps

Colombia campaigns for debt-for-nature swaps. However, because rating agencies see the country's climate policy critically, the government recently rejected several offers for such swaps. Shortly before the World Bank's spring meeting, this example shows the obstacles to debt-for-nature swaps.

Von Alexandra Endres

Analyse

Kolumbien: Wie Ratingagenturen Debt-for-Nature-Swaps erschweren

Kolumbien wirbt um Debt-for-Nature-Swaps. Doch weil Ratingagenturen die Klimapolitik des Landes kritisch sehen, hat die Regierung kürzlich einige Angebote für solche Swaps abgelehnt. Kurz vor dem Frühjahrstreffen der Weltbank zeigt das Beispiel, auf welche Hindernisse Debt-for-Nature-Swaps stoßen können.

Von Alexandra Endres

Feature

Trade war: Are US government bonds China's 'nuclear option'?

Neither the US nor China are backing down in the trade war. The Chinese leadership is using US dependencies on critical minerals as leverage. China's huge holdings of US government bonds also offer a target. However, a move away from the US dollar would harbor major risks for China.

Von Jörn Petring