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Press

New York Times Refers to DRGR in Comprehensive Article on Green Debt Relief

In the midst of the annual Spring Meetings of the International Monetary Fund and the World Bank Group, the NY Times published an article on the “systemic risk” debt and climate change pose on the world economy, quoting the DRGR proposal.

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News

DRGR-Idea Reaches Central Players: IMF and World Bank To Present ‘Green Debt Swaps’ Option by November

As reported by Reuters, IMF Managing Director Kristalina Georgieva said “green debt swaps have the potential to spur accelerated action on climate change in developing countries”, announcing appropriate instruments by November.

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News

“NewClimate Institute” Paper Examines Climate-for-Debt Swaps, Referring to DRGR

In the paper “Climate, COVID-19, and the Developing Country Debt Crisis” the research institute for climate policy examines the potential of climate-for-debt swaps and ways to define possible candidates.

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Publications

Ulrich Volz Presents DRGR Ideas in Report by Boston University

A new report by the Boston University Global Development Policy Center examines existing proposals to combat COVID-19. It features a chapter by DRGR author Ulrich Volz that draws from our report.

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News Publications

Finance for Biodiversity Initiative Refers to DRGR-Proposal in “Greening Sovereign Debt” Report

The “Nature and Climate Sovereign Bond Facility” proposed in a report by Finance for Biodiversity aims to build on investor interest in green debt and create nature-performance bonds and other instruments that align payments with environmental outcomes. 

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Press

DRGR Co-Chair Argues “IMF’s Surcharges Unfit for Purpose” in the FT

Kevin Gallagher is professor and director of the Global Development Policy Center at Boston University’s Pardee School of Global Studies and one of the co-chairs of the DRGR project. In the Financial Times he takes issue with the surcharges that the IMF adds to the interest and fees on its loans.

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News

DRGR-Proposal Receives Recognition in Progressive International’s Policy Briefing

In the run-up to the G20 meeting on February 25 and 26, “Progressive International” featured the DRGR proposal in its policy briefing on “Debt Justice at the G20”.

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News

UNDP Discussion on DRGR-Proposal (Video)

On February 24, UNDP hosted an online-discussion on our proposal for Debt Relief for a Green and Inclusive Recovery. Read the full announcement here.

Three of the report authors, Shamshad Akhtar, Stephany Griffith-Jones, and Ulrich Volz presented its key elements and calls for action.

They were then joined by the UNDP colleagues

  • Luis Felipe Lopez Calva (UN ASG and UNDP Director, RBLAC),
  • Celine Moyroud (UNDP Resident Representative, Lebanon) and
  • Raymond Gilpin (Chief Economist, UNDP Africa).

The discussion was moderated by George Gray Molina (GPN Chief Economist, UNDP). 

Full Video Recording:

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News

DRGR at CNBC Africa

Moritz Kraemer, Senior Advisor to the Debt Relief for a Green and Inclusive Recovery Project and contributor to our report, has been interviewed by CNBC Africa on the way forward for African Debt.

Listen yourself to the interesting conversation, that features the DRGR proposal and reflects the concerns of African bond issuers about market access.

https://www.cnbcafrica.com/2021/covid-19-whats-the-way-forward-for-african-debt/
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Events News

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.