As president of the G20, Brazil should propose a discussion on broad debt relief for developing countries and the inclusion of all creditors in renegotiations.
Category: Op-ed
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The Debt-Climate-Nexus
The DRGR Project Co-Chairs comment on the tightened monetary policy of central banks, taking dozens of climate-vulnerable, highly-indebted countries to the edge of a financial abyss.
DRGR Project Co-Chair Kevin P. Gallagher on why debt restructuring must be linked with climate and development goals.
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A Debt Relief Plan for Green Recovery
In the “Breakingviews” section at Reuters, our co-authors Shamshad Akhtar and Ulrich Volz write about the deceptive calm and misplaced optimism in debt markets.
A commentary by the DRGR authors Kevin Gallagher, Shamshad Akhtar, Stephany Griffith-Jones, Ulrich Volz and Moritz Kraemer, published at the Italian Institute for International Political Studies (ISPI).
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The G20’s Missed Opportunity
At “Project Syndicate”, the DRGR authors Shamshad Akhtar, Ulrich Volz, Moritz Kraemer and Stephany Griffith-Jones warn against dangerous shortsightedness in sovereign-debt restructurings and suggest steps for comprehensive debt relief oriented around a green, inclusive recovery.
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African Countries Need Not Fear Default
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.
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The G20 Debt Plan Does Not Go Far Enough
The COVID-19 crisis has come at the worst possible time for humanity. The poorest countries were already struggling to meet their development goals in the face of cyclones, wildfires, and droughts, and the world now has only a decade left to slow down increases in global temperature and sea levels before they become catastrophic, and invest in climate-resilient development.
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