Open Society Announces $1.7 Million to Support Middle East and North Africa Debt Swap for Sustainable Development
Importantly, the initiative provides a channel for MENA civil society organizations to have a voice about where such kinds of innovative financing is needed most.
- Importantly, the initiative provides a channel for MENA civil society organizations to have a voice about where such kinds of innovative financing is needed most.
- ESCWA will support member states in reaching agreements with their creditors to redirect scheduled debt service payments into sustainable local investments.
- “The ESCWA initiative is a win-win strategy for all stakeholders involved,” said Issandr Amrani, executive director for Open Society–Middle East and North Africa.
- Open Society’s pro-climate and fiscal-forward support can pave the way for catalytic investment in a just and inclusive climate transformation.