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Climate Resilient debt Clauses and Beyond – providing breathing space in sovereign borrowing

The Roundtable on Climate Resilient Debt Clauses (CRDCs) and Beyond, held in Madrid on the 2nd of June 2025, brought together country representatives, bilateral and private creditors, Multilateral Development Banks (MDBs), and other stakeholders, including Credit Rating Agencies and civil society representatives, to build shared understanding around CRDCs and broader Debt Pause Clauses and advance the implementation of these clauses across the capital stack of borrowing countries. […]