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“Sovereign debt was already a problem before Covid”

News organization “Quartz” quotes DRGR-authors Ulrich Volz and Kevin Gallagher in an article on debt-for-climate swaps.

News organization “Quartz” quotes DRGR-authors Ulrich Volz and Kevin Gallagher in article on debt-for-climate swaps.

The economics-focused news site takes a look at the debt crisis in many low-income and middle-income countries, which has been exacerbated by the pandemic. The text contrasts the financial challenges with the urgent need for substantial resources to counteract climate change. “Sovereign debt was already a problem before Covid. Now the debt situation has worsened significantly, and this is impeding much-needed investment in climate resilience even more”, explains DRGR author Ulrich Volz.

Volz and Kevin Gallagher are further interviewed on debt-for-climate-swaps as a key solution to address both crises.

Read the full article here

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