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This is the first session of a new webinar series from the World Bank Group Philanthropy Hub , bringing foundations and development experts together around ideas shaping the future of development finance. We are kicking off with a topic we have heard both communities are eager to explore : debt-for-development swaps. Debt-for-development swaps enable countries to replace expensive debt with more affordable financing and direct the resulting savings toward development priorities. In Côte d’Ivoire, a recent swap generated significant savings for education. To help scale this approach, Spain and the World Bank Group launched the Global Hub on Debt for Development Swaps at the Fourth International Conference on Financing for Development in Seville.
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