Innovative financing instruments and initiatives of the FFD agenda to face the effects of COVID-19 in Latin America and the Caribbean
Innovative financing instruments and initiatives of the FFD agenda to face the effects of COVID-19 in Latin America and the Caribbean is exploring policy options developed during the Financing for the Development in the Era of COVID-19 and Beyond Initiative co-convened by Canada, Jamaica and the United Nations to alleviate the liquidity constraints and debt burdens facing many member States in Latin America and the Caribbean. Among the potential instruments and initiatives being studied in-depth are the regional distribution of Special Drawing Rights (SDRs), state-contingent debt instruments, debt swap initiatives, multilateral funds, and a multilateral credit rating agency.
