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Reuters Publishes Exclusive Article on New DRGR-Proposal

The world’s largest news channel reports exclusively on our report, developed by the Boston University Global Development Policy Center, the Heinrich Boell Foundation and the Center for Sustainable Finance at SOAS University of London.

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DRGR Ideas See Press Coverage on the Occasion of US President Biden’s Climate Summit

Prior to the virtual meeting of 40 world leaders around Earth Day, the concept of debt relief for a green and inclusive recovery played a prominent role in numerous articles. Still, the White House itself seems to have missed the opportunity to address it appropriately.

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Moritz Kraemer Discusses Climate-Driven Credit Rating Downgrades at CNBC

Moritz Kraemer, Senior Advisor to the Debt Relief for a Green and Inclusive Recovery Project and contributor to our report, highlighted that “the vast majority of sovereigns will suffer from climate change in a way that their ratings will be cut.”

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New York Times Refers to DRGR in Comprehensive Article on Green Debt Relief

In the midst of the annual Spring Meetings of the International Monetary Fund and the World Bank Group, the NY Times published an article on the “systemic risk” debt and climate change pose on the world economy, quoting the DRGR proposal.

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Climate Home News Reflects on IMF’s Actions Towards Debt Relief, Quoting DRGR

As the International Monetary Fund plans to inject $650 billion into the global economy, Climate Home News recaps the recent developments in the plea for financial support for vulnerable nations, referring to the DRGR proposal. 

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DRGR Co-Chair Argues “IMF’s Surcharges Unfit for Purpose” in the FT

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.

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News Press

Moritz Kraemer Explains Why Developing Countries “Need Not Fear Default” When Restructuring Debt

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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Press

Press Release on occasion of launch of DRGR-Report

New report demands G20 to go beyond recent announcements and tackle the escalating debt, pandemic and climate crisis.

Public launch event on Monday, November 16, 2 PM GMT / 9 AM EST, with appearances from the Hon. Mia Amor Mottley, Prime Minister and Finance Minister of Barbados, and former UK Prime Minister Gordon Brown. Register to attend or Direct Livestream.

A report launched today calls on the G20 to move beyond the Common Framework for Debt Treatments announced last Friday and to require public and private creditors to provide a substantial debt cut to a broad set of low- and middle-income countries, in exchange for a commitment to use some of the newfound fiscal space for a green and inclusive recovery.