Debt Justice

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
Isabelle Brachet

Developing countries need grants not more debt to recover from the Covid-19 crisis

Piling on more debt on to the shoulders of developing countries will not help them recover from the Covid-19 crisis, write Isabelle Brachet and Maria Jose Romero.

  • Debt Justice
  • Debt Resolution
Daniel Munevar

IIF Private creditor participation proposal: A cure worse than the disease

Following the G20 Debt Service Suspension Initiative (DSSI) announced during the 2020 Spring Meetings, the International Institute of Finance (IIF) has released a template for the voluntary involvement of private creditors in a debt service suspension.

  • Debt Justice
  • Debt Resolution
Eurodad

Register for Eurodad Policy Forum webinar

#Covid-19 #IMF #Debt #DevelopmentFinance #CONCORD #HumanRightsWatch #LebanonSupport #JobVacancy

  • Development Finance
  • Covid-19
Daniel Munevar

Back to the Future: A sovereign debt standstill mechanism - IMF Article VIII, Section 2 (b)

A new Eurodad report has identified an available IMF mechanism to impose debt standstills: Article VIII, Section 2 (b) of the IMF Articles of Agreement. The article in question allows the IMF to impose a debt standstill through the temporary suspension of enforceability of debt contracts in domestic courts of more than 189 IMF member countries, including the US and the UK.

Read the report in English, FrenchSpanish and Portuguese.

  • Debt Justice
  • Debt Resolution