African civil society representative at a negotiation table with climate adaptation maps and debt documents, symbolising Africa’s struggle between fiscal obligations and climate action.

Debt-for-Climate Swaps: Lifeline or Leash for Africa’s Green Future?

Everybody frames swaps as innovation. But who controls the script, and who ends up on the cutting room floor? Debt-for-climate swaps are enjoying a moment. Policymakers and international institutions are…