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.
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.
Report, Videos and Slides of the Launch
On Monday, 16. November 2020, 2pm UTC, we launched the report “Debt Relief for a Green and Inclusive Recovery“. It puts forth an ambitious proposal for concerted and comprehensive debt relief on a global scale to support sustainable recoveries, economic resilience, and a just transition to a low-carbon economy.
Here you find key elements of the proposal and the launch:
Full Video Recording:
This is the transcript of Barbados Prime Minister Mia Mottley’s speech delivered at the launch of the report “Debt Relief for a Green and Inclusive Recovery“. The transcript is not official – please listen yourself at the recording.
Thank you for that very kind introduction, Stephany, and also for your invitation to participate in this important forum and to share my thoughts on a most timely topic. I trust that it will add to the discourse that is occurring globally, but more importantly, that you get an insight into the challenges faced by us in small island developing states.
Transcript of the video provided by Gordon Brown, United Nations Special Envoy for Global Education and former Prime Minister of the United Kingdom, for the launch of the report “Debt relief for a Green and Inclusive Recovery”
This conference today is of utmost importance, and in the month that we have found that we have an American president committed to net carbon zero by 2050 and a Chinese president committed to net carbon zero by 2060, this meeting is of great global significance as we fashion the new building blocks to take us there.
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.
The DRGR report calls on the G20 calls on the G20 to move beyond the Common Framework for Debt Treatments 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 a green and inclusive recovery.
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.
On Monday, 16. November 2020, 2pm UTC, we launch our first report. It puts forth an ambitious proposal for concerted and comprehensive debt relief on a global scale to support sustainable recoveries, economic resilience, and a just transition to a low-carbon economy.
The Special Session ‘Climate Action in Times of Debt Distress’ at the Third Annual Conference of the Global Research Alliance for Sustainable Finance and Investment, examined the options for debt rescheduling that will allow for people centred investments that address climate change and inequality by leaving fossil fuels in the ground. Several co-chairs of the initiative presented insights into the issue.