Debt Justice

Julia Ravenscroft

Over 500 organisations and academics around the world call on IMF to stop promoting austerity in the Coronavirus recovery period

  • Eurodad analysis shows Covid-19 ‘recovery packages’ could force tax increases and spending cuts in 80 developing countries by 2023, threatening achievement of SDGs.
  • 59 countries have fiscal consolidation plans over next three years that are almost five times larger than Covid-19 response packages implemented in 2020
  • Debt Justice
  • Covid-19
Daniel Munevar

Arrested Development: International Monetary Fund lending and austerity post Covid-19

A Eurodad-led review reveals insufficient and inadequate multilateral response to the Covid-19 pandemic on the part of the IMF, locking a large number of countries into a decade-long crisis of debt and austerity. 

Read the report in EnglishSpanish, Portuguese and French.

  • Debt Justice
  • Global Processes
Eurodad

Heads of states meeting: No more excuses - time for global economic solutions

#Covid-19 #UN #FinCEN #Tax #DebtSustainability #OECD #DAC #UNFCCC #Unga

  • Debt Justice
  • Global Processes
Jesuit Center for Theological Reflection (JCTR)

Zambia, Debt and Covid-19

The pandemic has had a devastating impact on the living conditions of the population of Zambia. Debt relief with private creditor participation is required now to ensure the country can boost its Covid-19 response and support a sustainable recovery.

  • Debt Justice
  • Debt Sustainability
Eurodad

Urgent debt relief needed as Pakistan faces perfect debt trap

#Covid-19 #Pakistan #Debt #CSOs #Debt #Jubilee

  • Debt Justice
  • Covid-19
Abdul Khaliq

Urgent debt relief needed as Pakistan faces perfect debt trap

The indicators of a severe debt crisis were already present in Pakistan long before the Covid-19 crisis hit. Coordinated efforts by CSOs all round the world are needed to ensure that countries like Pakistan are not left alone dealing with its impact.

  • Debt Justice
  • Covid-19

Debt Justice webinar series

  • Debt Justice
  • Covid-19
Maria Jose Romero

G20 Finance Ministers: Lack of action leaves developing countries shouldering a heavy burden

This weekend, G20 Finance Ministers passed up the chance to scale up debt relief to developing countries, demonstrating a galling lack of urgency in the face of the debt crisis engulfing a pandemic-stricken globe. Worse still, their approach risks making a bad situation worse.

  • Debt Justice
  • Debt Resolution
Eurodad
Iolanda Fresnillo

‘Draining out the Titanic with a bucket’ – New Eurodad report shows why G20 plan to tackle Covid-19 debt crisis in developing countries is failing

  • Debt suspension offered by G20 only covers 3.65% of all the debt service payments to be made in 2020 by all developing countries
  • G20 leaders urged to massively scale up debt relief and work on longer-term global reforms to resolve debt crises or risk abandoning sustainable development and climate goals
  • Debt Justice
  • Covid-19