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.
Category: News
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.
Find answers to frequently asked questions on the debt crisis, the DRGR proposal and how to guarantee sustainable development.
A new report by the Debt Relief for a Green and Inclusive (DRGR) Project explains why MDBs must be included in debt relief efforts, estimates their fair share of the burden and explores policy alternatives to preserve their high credit ratings.
Categories
The September of Summits
The Africa Climate Summit (ACS) and the Finance in Common Summit (FiC) held in September reflected a growing momentum in the discussion of the climate-debt nexus. Even though commitments from traditional donor countries and institutions still fall short of the pressing issues at hand, emerging forums inject fresh perspectives and a new sense of urgency.
Despite the urgency of the crisis, the Summit fell short of agreeing on a decisive debt relief plan to tackle the pressing challenges faced by indebted developing and emerging economies. Nevertheless, important alliances were announced during the event.
