Osinbajo made the proposal while explaining the DFC concept Thursday during a lecture on a just and equitable energy transition for Africa at the Center for Global Development in Washington DC.Prof. Osinbajo in a State House press release signed by his Senior Special Assistant on Media and Publicity, Laolu Akande stated that “debt for climate swaps is a type of debt swap where bilateral or multilateral debt is forgiven by creditors in exchange for a commitment by the debtor to use the outstanding debt service payments for national climate action programs.
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