Making Adaptation Count in Debt Sustainability Analysis: Lessons for the LIC-DSF Review (Official IMF/WB Civil Society Policy Forum Event)

​The IMF and World Bank have undertaken the most significant review of the Low-Income Debt Sustainability Framework (LIC-DSF) in nearly a decade. The new framework will include a Long-Term Module which will enable country teams to better model both climate risks and adaptation and resilience (A&R) investments.

​This session was chosen to be part of the official IMF/WB Civil Society Policy Forum to unpack the operationalization of the Long-Term Module and dive into examples of how A&R investments, including nature-based solutions, can reduce economic losses, improve fiscal outcomes, and strengthen debt sustainability.

​Speakers will discuss how adaptation benefits can (and can’t) be reflected in debt sustainability analysis and how the revised LIC-DSF can both better capture and support resilient development and financing.

​Speakers:

​Frank Rijsberman (moderator), Global Head for Policy and Public Funding, The Nature Conservancy

​Mark Flanagan, Deputy Director, Strategy, Policy, and Review Department, International Monetary Fund

​Manuela Francisco, Global Director for Fiscal Policy and Growth, World Bank Group

Nicola Ranger, Executive Director, Earth Capital Nexus, The London School of Economics

​Sam Mugume Koojo, Assistant Commissioner for Macroeconomic Policy, Uganda Ministry of Finance; Co-Chair - Coalition of Finance Ministers for Climate Action

Organizers: The Nature Conservancy, London School of Economics, NatureFinance, Teal Insights, Systemiq, Finance for Development Lab, the University of Minnesota, International Institute for Sustainable Development