India, Oct. 24 -- The first Xingu Finance Talks, held in Bangkok on October 11 and 13, brought climate negotiators, finance ministries and development banks together to discuss aligning global financial flows with climate goals.

Discussions focused on expanding fiscal space for climate investment, reducing the cost of capital and using guarantees and risk-sharing mechanisms to mobilise finance for developing countries.

Developing countries and civil society groups warned that private finance, debt swaps and guarantees cannot replace developed countries' obligations to provide climate finance under Article 9 of the Paris Agreement.

Questions remain over whether the Xingu Talks have laid the groundwork for sustained financial reforms in ...