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Publications

Report “Debt Relief 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. 

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Events

Pre-Launch Event at World Bank Hosted by German Executive Director

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.

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Events

Invitation: Launch of the Report ‘Debt Relief for Green and Inclusive Recovery’

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.

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Events

Climate Action in Times of Debt Distress

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.

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Publications

The Need for Debt-for-Climate Swaps

Op-Ed by Shamshad Akhtar, Kevin P. Gallagher, Stephany Griffith-Jones, Jörg Haas, Ulrich Volz

With developing countries facing a debt crisis that will only get worse as the COVID-19 pandemic continues, it is already inevitable that massive debt relief will be necessary. The only question is whether it will be designed to address the even larger climate crisis that is approaching.