External publications

Debt relief for a green and inclusive recovery: securing private-sector participation and creating policy space for sustainable development

Volz, Ulrich / Shamshad Akthar / Kevin Gallagher / Stephany Griffith-Jones / Jörg Haas / Moritz Kraemer
External Publications (2021)

Berlin, London, and Boston/MA: Heinrich-Böll-Stiftung; SOAS University of London; and Boston University

Open access

A debt crisis is looming in the Global South. Although international capital has partially returned to developing and emerging economies, in many low- and middle-income countries debt service is impeding crisis responses and contributing to worsening development prospects and a compromised ability to adapt to the impending climate crisis as well as threatening the achievement of the SDGs. This puts forward an ambitious agenda for tackling the debt crisis and providing countries with the fiscal space for sustainable crisis responses.