The EIB Group joins the Debt Pause Clause Alliance
Luxembourg, July 3 -- These clauses allow for the temporary suspension of debt payments in the face of extraordinary events - such as natural disasters, food crises, or health emergencies - offering borrowing countries immediate fiscal space to respond to the crisis without jeopardizing their solvency or their ability to meet social expenses. Their adoption promotes a more resilient and predictable development financing framework in times of crisis. The alliance is an international coalition that seeks to accelerate the systematic inclusion of these clauses in public and private financial instruments. Additionally, it seeks to develop common principles and standard contractual language, thus generating transparent regulation that mobilizes ...
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