Our latest briefing provides an overview of the dynamics and implications of the 2020 sovereign debt crisis. The prioritisation of creditor rights over the livelihoods of the population of developing countries is a well-known dead-end. Instead, the international community must recognise that the health and wellbeing of millions of people in developing countries is a precondition for debt sustainability.

The Covid-19 crisis threatens to erode two-decades' of progress on poverty reduction in Bangladesh. This difficult situation highlights the need for a more ambitious response to the crisis.

The aim of this paper is to contribute to an informed dialogue on the most appropriate forms of development finance in view of the critical debt situation of African countries and in the wake of the Covid-19 crisis.

A new allocation of Special Drawing Rights would send a strong signal of renewed multilateral coordination that puts life first.

The UN FACTI report must be a starting gun for international action to stop illicit financial flows, what is needed now is for our governments to get to work.

#IMF #TaxJustice #Luxembourg #ClimateFinance #DebtJustice #Covid19

As countries face the difficult challenge of recovering from the Covid-19 pandemic, civil society is calling on the IMF to finally close the gap between its rhetoric and practice by no longer recommending austerity measures in long-term loan programmes.

#Covid19 #ODA #DAC #Tax #Grenada #EU #EIB #OECD #Debt #JobVacancy #PSI #NobelPeacePrize 

While Covid-19 has had a limited impact on the health of Grenada's population, the economic impact of the virus has been devastating. 

In November 2020, Suriname joined ranks with Zambia, becoming the second country to default on its sovereign debt in the aftermath of Covid-19. In this briefing, we explore the origins of Suriname’s debt crisis and highlights the substantial challenges faced by the country to overcome it.