Debt Relief for a Green and Inclusive Recovery

On Monday November 16th the Report “Debt Relief for a Green and Inclusive Recovery” was launched. The Report calls on the G20 to move beyond the Common Framework for Debt Treatments announced on November 13, 2020. The Report, published by the Heinrich Böll Foundationthe Global Development Policy Centre and the Centre for Sustainable Finance at SOAS, proposes substantial debt relief by public and private creditors for low- and middle-income countries with unsustainable debt burdens, in order to provide fiscal space for investment in COVID-19-related health and social spending, climate adaption and green economic recovery strategies.

The report can be downloaded here, the slides of the presentations here.
You may also watch a short video with highlights of the launch event here and the full recording of the launch here.

At the launch, former UK Prime Minister Gordon Brown (video) highlighted that the report is “showing how we start to build an environmentally sustainable future out of the case of COVID and out of the world, disfigured not just by pandemics, but by pollution and by poverty.”

Barbados Prime Minister Hon. Mia Mottley (video) said, “[U]nprecedented times require unprecedented responses.[…] We join the call today for debt relief to be extended beyond the public to the private sector and beyond the poorest countries to middle income countries.

Contact: [email protected] Jörg Haas (for the DRGR project)

Be the first to comment

Please check your e-mail for a link to activate your account.