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.
They point out the enormous hurdles that developing and emerging economies face in recovering from the COVID-19 pandemic and meeting key climate and development goals at the same time.
They emphasize that “The Common Framework for Debt Treatments” that was agreed by the Group of 20 major industrial and emerging nations will not be enough to tackle the looming debt crisis. For this reason, they argue for an ambitious response from the global community and present key points of the new DRGR report.