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A G20 Common Framework for the Common Person: Why Addressing Global Inequality Hinges on Effective Debt Relief

The case of Zambia’s highlights the complexities and consequences of global debt dynamics, demonstrating that comprehensive debt relief is not only crucial for economic stability – but also for reducing global inequality. Reforming the G20’s Common Framework would be a key place to start.

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Debt, Climate and the Pressing Need for Collaboration: Insights from the 2024 IMF/World Bank Group Spring Meetings

Despite historic debt levels and escalating challenges faced by emerging and developing economies (EMDE), there was little to no progress regarding debt at the annual International Monetary Fund (IMF)/World Bank Group Spring Meetings. However, the discourse at the meetings highlighted the urgent need for innovative solutions and greater cross-border cooperation. Here is an overview of the most important developments.

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Preventing a Default on Development and Climate: How Debt Relief Can Support Development Efforts for over 1 Billion People  

How can emerging market and developing economies (EMDEs) mobilize the necessary financing to achieve the 2030 Agenda and the Paris Agreement without compromising their debt sustainability or indeed, solvency? A new report by the DRGR Project performs an enhanced global external debt sustainability analysis (DSA) to estimate the extent to which EMDEs can mobilize the recommended levels of external financing without jeopardizing debt sustainability.

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Bogolo Kenewendo and Patrick Njoroge Join the DRGR Project as Co-Chairs

The Debt Relief for a Green and Inclusive Recovery (DRGR) Project is pleased to announce the appointment of Bogolo Kenewendo and Dr. Patrick Njoroge as its newest Co-Chairs.

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Chart of the Week: Why Multilateral Development Banks Need to Participate in Debt Relief

The lack of meaningful engagement from all creditor classes has undermined the effectiveness of the Group of 20’s Common Framework in providing significant debt relief. Our “Chart of the Week” shows why the role of multilateral development banks in particular deserves special attention.

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Navigating Global Challenges in 2024: Opportunities for Collaboration and Progress on Debt Relief and Climate Change

As the new year unfolds, global dynamics are set for pivotal shifts, with high-profile elections and important forums shaping the international stage – and influencing how the world addresses mounting sovereign debt, climate change, and social inequality. Here is an outlook on some of the most critical course-setting events in the months to come.

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Mixed Results at COP28: Substantial Progress, Amidst Accumulating Challenges

The spotlight at this year’s United Nations Climate Change Conference (COP28) was firmly on the Global Stocktake, tasked with evaluating the advancements made under the 2015 Paris Agreement. Yet, what developments have taken place in Dubai with regard to the debt crisis?

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Locked in Crisis: Why Malawi Can’t Achieve Meaningful Debt Restructuring

In the midst of a complex web of crises, Malawi is facing a debt restructuring process that does not address the depth of its challenges. To embark on a path to sustainable development and economic recovery, countries like Malawi need a holistic approach that takes into account all aspects of their economic and social realities – and includes all creditor classes.

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Winner Takes All – Twice: How Bondholders Triumph, Before and After Debt Restructuring

Following the 2023 International Monetary Fund (IMF)/World Bank Group Annual Meetings in Marrakech, more details on the debt negotiation of Zambia and Suriname have surfaced. Among the intricate negotiations, one group appears to have emerged victorious, time and time again – bondholders.

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Debunking Misconceptions: How Multilateral Development Banks Can Safely and Effectively Participate in Debt Relief Efforts

Despite the precedent set by the Highly Indebted Poor Countries (HIPC) Initiative, the notion of involving multilateral development banks (MBDs) in debt relief continues to evoke skepticism and apprehension. DRGR Researcher Marina Zucker-Marques demystifies the topic of MDBs and debt relief, showing why their inclusion is not merely desirable but entirely achievable.

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The Annual Meetings: A Missed Opportunity to Provide a Systemic Response to a Systemic Problem

For the first time in fifty years, the International Monetary Fund (IMF) and the World Bank Group convened on the African continent. Here are the main developments regarding the debt crisis from the Annual Meetings in Marrakech.

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Frequently Asked Questions: Debt Relief for a Green and Inclusive Recovery

Find answers to frequently asked questions on the debt crisis, the DRGR proposal and how to guarantee sustainable development.