Kevin Gallagher is professor and director of the Global Development Policy Center at Boston University’s Pardee School of Global Studies and one of the co-chairs of the DRGR project. In the Financial Times he takes issue with the surcharges that the IMF adds to the interest and fees on its loans.
Both in the EU and the USA the general idea of aligning debt relief with climate action is getting high level support.
On February 24, UNDP hosted an online-discussion on our proposal for Debt Relief for a Green and Inclusive Recovery. Read the full announcement here.
Three of the report authors, Shamshad Akhtar, Stephany Griffith-Jones, and Ulrich Volz presented its key elements and calls for action.
They were then joined by the UNDP colleagues
- Luis Felipe Lopez Calva (UN ASG and UNDP Director, RBLAC),
- Celine Moyroud (UNDP Resident Representative, Lebanon) and
- Raymond Gilpin (Chief Economist, UNDP Africa).
The discussion was moderated by George Gray Molina (GPN Chief Economist, UNDP).
Full Video Recording:
This Dev Talk, jointly hosted by the OECD Development Centre and the Boston University Global Development Policy Center, examined what debt-for-climate swaps entail and whether they can deliver with a speed and scale commensurate with the urgency of both crises.
Watch the webinar recording here.
At “Project Syndicate” Moritz Kraemer, Chief Economic Adviser of the risk consultancy Acreditus and former S&P’s sovereign chief ratings officer, addresses the reluctance of African countries to pursue restructuring of crushing debt burdens.
On Wednesday, 28. October 2020 the DRGR proposal received several positive commentaries at a pre-launch event at the World Bank. German Executive Director Jürgen Zattler invited multiple report authors to present the core ideas of our report.