Debt Swap Hub | Pakistan

ISLAMABAD: Pakis­tan has a significant opportunity to convert its debt into climate investments through a new “Debt Swap Hub” launching in 2026, provided the country prepares by building institutional capacity and identifying high-impact projects, United Nations Department of Economic Affairs (DESA) senior official said on Saturday. The United Nations and its partners will roll out the dedicated hub for climate investments, creating a pathway for debt-distressed nations to foster sustainable development. “An early engagement by Pakistan will allow the co­­u­ntry to be among the first to get access to this mechanism for converting debt into investment in climate resilience, education or healthcare,” UN Assistant Secretary-Gen­eral for Economic Development Navid Hanif told Dawn. Mr Hanif, who just completed a visit to Pakistan, said the recent Fourth International Conference on Financing for Develo­pment in Seville, Spain, opened a window for the country to mobilise new public and private capital if it takes a ...