Zambia became the first country to default on its sovereign debt as a result of Covid-19. What are the implications of this development in the context of the recently announced G20 initiative for a "Common Framework for Debt Treatments Beyond the DSSI"? Is Zambia a herald of things to come to other developing countries? How is the crisis affecting the lives and livelihoods of the Zambian people? You can now watch the full webinar that took place last week where a pannel of experts discuss all these issues and more.
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By Ella Hopkins, Senior Gender Equality and Macroeconomics Project Officer at Bretton Woods Project, via openDemocracy
Last weekend, the G20 held its summit in Riyadh, Saudi Arabia. Leaders from the world’s largest economies met virtually to discuss the global response to the Covid-19 pandemic, which has triggered the worst recession since the Second World War. World leaders have put wealthy creditor interests before debt justice, further jeopardising women’s rights.
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