S 3509

The Global Climate Resilience Act of 2025 aims to reduce the debt burden of developing countries, particularly those vulnerable to extreme weather events and slow-onset climate disasters. It proposes to allow the U.S. President to reduce or cancel certain U.S. loans to eligible countries, prioritizing those with plans for resilience-building activities and incorporating local communities. The bill also encourages international financial institutions to support debt reduction efforts and advocates for a new international climate insurance program at the World Bank to provide immediate financial assistance following natural disasters. Finally, it directs U.S. representatives at the World Bank to promote the establishment of this insurance program.