Pablo Saavedra

Pablo Saavedra, World Bank Vice President for Prosperity, dives into innovative debt-for-development swaps aimed at easing financial burdens for countries. He explains how these swaps can lower transaction costs and extend loan maturities, providing nations with much-needed breathing room. The conversation also addresses the balance between concessional and market-rate loans, plus the importance of leveraging domestic revenue to close global development finance gaps. Saavedra emphasizes the World Bank's strategic role in supporting fragile economies and fostering sustainable growth.