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Op-ed

No Time for Lost Decade: Why Debt Restructuring Must Be Linked with Climate and Development Goals

DRGR Project Co-Chair Kevin P. Gallagher on why debt restructuring must be linked with climate and development goals.
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Statement

V20 Statement on Debt Restructuring

The V20 has issued a statement on Debt Restructuring that draws upon the proposal “Debt Relief for a Green and Inclusive Recovery”.
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Video

Explainer – Debt Relief for a Green & Inclusive Recovery with Stephany Griffith-Jones

The World Bank and IMF are likely to announce a new debt relief initiative at COP26, tying debt relief to Green investment. At the Centre for the Study of Financial Innovation (CSFI), DRGR-author Stephany Griffith-Jones explains our proposal as an alternative based on the Brady Plan that helped Latin America in the 1970s/80s.
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Video

Webinar Summary – Debt Relief for a Green and Inclusive Recovery: An Ambitious New Proposal for a Challenging Time

On Monday, 28. June 2021 the Heinrich Böll Stiftung, the Centre for Sustainable Finance at SOAS University London and the Global Development Policy Center, Boston University hosted an expert webinar discussion and presentation of its new report.
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Op-ed

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.
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Op-ed

G20’s Turn to Lead on Debt Relief for a Global Recovery

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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Op-ed

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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Video

Webinar Summary – UNDP Discussion on DRGR-Proposal

On February 24, UNDP hosted an online-discussion on our proposal for Debt Relief for a Green and Inclusive Recovery.
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Statement

Statement on Debt Relief for a Green and Inclusive Recovery

The following Statement on Debt Relief for Green and Inclusive Recovery is supported by 23 former Central Bank Governors and former Finance Ministers from around the world. The statement calls on the G20 to enact a Debt Relief for a Green and Inclusive Recovery Initiative that requires bilateral, multilateral,and private sector debt relief on a grand scale, analogous to the Highly Indebted Poor Countries Initiative.
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Video

Webinar Summary – “Using Debt-for-Climate Swaps to Solve Two Crises at Once”

This Dev Talk, jointly hosted by the OECD Development Centre and the Boston University Global Development Policy Center, examined what debt-for-climate swaps entail and whether they can deliver with a speed and scale commensurate with the urgency of both crises.
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Op-ed

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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Op-ed

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.