Tackling debt amidst multiple crises: challenges and proposals for debt architecture reform
April 25, 2022 at 2:00pm - 3:30pm
2022 ECOSOC FfD Forum
Tackling debt amidst multiple crises:
challenges and proposals for debt architecture reform.
Monday, 25 April 2022, 14.00 - 15.30 CEST
Organised by: Civil Society FfD Group (including Women's Working Group on FfD)
Co-organisers: Eurodad, Latindad, Afrodad, Asian Peoples' Movement on Debt and Development, Jubilee
USA, SOAS Centre for Sustainable Finance, Heinrich-Böll-Stiftung, BU Global Development Policy Center,
Debt Justice Norway-Slug, Jubilee Germany – Erlassjahr.de, Jubilee Debt Campaign UK, Equidad de Género:
Ciudadanía, Trabajo y Familia, Society for International Development
The event will be held under Chatham House rule
The economic shock of COVID-19 has pushed sovereign debt to unprecedented levels, threatening progress
on shared climate and development goals. The war in Ukraine will have a cumulative impact on the most
vulnerable people and countries in our world, as food and energy prices keep increasing, worsening the
debt problems in many countries in the global south.
Debt relief initiatives have so far been ineffective at supporting countries to achieve sustainable debt levels,
while climate finance commitments continue to fall short. Additionally, new resources are needed to face
the skyrocketing food, energy and fertilizer costs.
The response to this multidimensional crisis presents significant challenges, particularly as the existing debt
architecture is not fit for purpose.
Join us for this session where we will explore policy options and structural reforms that would help tackling
together unsustainable debts and the multiple crises, including climate, food and energy crises
Carola Mejía, Latindadd
Uli Volz, SOAS Centre for Sustainable Finance
Jason Braganza, Afrodad
Responses from member states and agencies