The US$650 billion allocation of SDRs proposed by the IMF will not support the post-Covid economic recovery of the poorest countries. In the following article, we set out the argument for a much larger allocation, one worth US$3 trillion.

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We are at a crucial juncture. Global discussions on how to respond to low- and middle-income countries’ increasing debt burdens could lead us to a prolonged debt crisis in the global south, especially in Africa, or to game-changing debt architecture reform. The question is: What path will high-income countries choose?

World leaders failed to seize an opportunity for vital reform of the international debt architecture when they met yesterday (29 March) at the UN.

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.

In this first part of our blog series on Covid-19 from a feminist perspective, we look at how the pandemic is impacting women and girls and deepening gender divides.

Read part two

#TaxJustice #CBCR #SDRs #DebtJustice #Webinars

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

#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.