How can countries in critical debt positions secure the financing they need to invest in critical infrastructure? And when should they rely on grants instead of loans – even at concessional rates? In this episode Paola Subacchi hosts Pablo Saavedra from the World Bank to explore tools such as debt-for-development swaps, designed to lower debt-servicing costs and extend maturities – giving countries more breathing space.

Guest: Pablo Saavedra is the Vice President for the Prosperity vertical at the World Bank, working on issues related to economic policy, poverty, finance, institutions, competition, and investment. Prior to serving in this position, he was also the Country Director for Mexico and Practice Manager of the Macroeconomic, Trade, and Investment unit in the Latin America and Caribbean Region at the Bank.

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