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DRGR Project Newsletter
June 10, 2024
From June 10–12, the Group of 20 (G20) International Financial Architecture Working Group convenes in Fortaleza, Brazil to tackle urgent global financial challenges and build a more resilient, stable system.
In anticipation of this crucial meeting, over 20 former Finance Ministers and Central Bank Governors from primarily emerging market and developing economies (EMDEs) have signed a letter calling on the G20 for decisive action to address the sovereign debt crisis in the Global South.
The letter was organized by the Debt Relief for a Green and Inclusive Recovery (DRGR) Project.
DRGR Project Newsletter
May 29, 2024
With the 2024 International Monetary Fund (IMF)/World Bank Group Spring Meetings past with little to no progress regarding debt, eyes turn to the upcoming meeting of the Group of 20 (G20) International Financial Architecture Working Group in Fortaleza, Brazil where members will continue to discuss “policies to promote a more stable, resilient and balanced international financial architecture.”
Following the launch of a new flagship report, a recent webinar hosted by the Debt Relief for a Green and Inclusive Recovery (DRGR) Project highlights how a reformed G20 Common Framework will be a critical component for providing emerging market and developing economies (EMDEs) with the space to invest in shared climate and development goals without sacrificing debt sustainability.
A new DRGR Project blog outlines what a “Common Framework for the common person” would look like, tying the issue of debt to global inequality, and a new article in German Climate Finance further explores pathways to financing sustainable development in a critical era.
Webinar: Investing for the Future
May 10, 2024
With only six years remaining to meet the United Nations 2030 Agenda for Sustainable Development and Paris Agreement targets, urgent and bold policymaking is essential to avert severe impacts for current and future generations. Emerging market and developing economies (EMDEs) are grappling with historic levels of external debt, coupled with higher interest rates and low growth prospects, hindering their capacity to invest in both climate action and development goals while maintaining debt sustainability.
On Tuesday, May 14 from 9:00 – 10:15 AM EDT | 15:00 – 16:15 CEST, join us for a webinar discussion featuring global experts in international development, debt and climate on the latest report from the Debt Relief for a Green and Inclusive Recovery (DRGR) Project report and sustainable pathways to advance development and climate investments amid pressing debt challenges. Our latest blog also examines the proceedings and outcomes of the 2024 International Monetary Fund (IMF) / World Bank Group Spring Meetings, particularly focusing on the discussions surrounding debt sustainability and relief efforts.
