Presentation of a new proposal of the project “Debt Relief for a Green and Inclusive Recovery”
Join the Heinrich Böll Stiftung, the Centre for Sustainable Finance at SOAS University London and the Global Development Policy Center, Boston University for an expert webinar discussion and presentation of its ambitious proposal during London Climate Action Week on Monday, 28. June 2021 15:00 – 16:30 CEST.
A debt crisis is looming in the Global South. While international capital has partially returned to developing and emerging economies, in many low- and middle-income countries debt service is impeding crisis responses, constraining the ability to adapt to the impending climate crisis and threatening the achievement of the 2030 Sustainable Development Agenda.
The G20 Common Framework for Debt Treatments will not suffice to tackle the debt problem facing many developing and emerging economies. This is a systemic problem, and a global and systemic response is needed. The international community and the G20 in particular need to agree on an ambitious agenda for tackling the debt crisis and providing countries with the fiscal space for sustainable crisis responses.
Against this backdrop, the Debt Relief for Green and Inclusive Recovery initiative will share its enhanced ambitious proposal for a concerted and comprehensive debt relief on a global scale to free up resources in heavily indebted developing countries to support sustainable recoveries, boost economic resilience, and foster a just transition to a low-carbon economy.
Presentation of Report
Shamshad Akhtar, Chairperson of the Board of Pakistan Stock Exchange & Chair of the Board of Directors of Karandaaz Pakistan
Kevin P. Gallagher, Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies & Director of the Global Development Policy Center, Boston University
Stephany Griffith-Jones, Financial Markets Program Director at the Initiative for Policy Dialogue, Columbia University
Moritz Kraemer, Chief Economic Advisor at CountryRisk.io & and Senior Fellow at SOAS, University of London
Ulrich Volz, Director of the Centre for Sustainable Finance at SOAS, University of London & Senior Research Fellow, German Development Institute
Alicia Bárcena Ibarra, Executive Secretary, United Nations Economic Commission for Latin America and the Caribbean
José Antonio Ocampo, Professor of Professional Practice in International and Public Affairs and Director of the Economic and Political Development Concentration at the School of International and Public Affairs, Columbia University
Louis Kasekende, Executive Director, Macroeconomic and Financial Management Institute of Eastern and Southern Africa