Tackling Debt amidst Multiple Crises: Challenges and Proposals for Debt Architecture Reform

Jason Braganza (Afrodad), Carola Mejía (Latindadd), Ulrich Volz (SOAS) and others

Organised by : Civil Society FfD Group (including Women's Working Group on FfD), Eurodad, Latindad, Afrodad, Asian Peoples' Movement on Debt and Development, Jubilee USA, SOAS Centre for Sustainable Finance, Heinrich-Böll-Stiftung, BU Global Development Policy Center, Debt Justice Norway-Slug, Jubilee Germany – Erlassjahr.de, Jubilee Debt Campaign UK, Equidad de Género: Ciudadanía, Trabajo y Familia, Society for International Development

The event will be held under Chatham House rules.

The economic shock of COVID-19 has pushed sovereign debt to unprecedented levels, threatening progress on shared climate and development goals. The war in Ukraine will have a cumulative impact on the most vulnerable people and countries in our world, as food and energy prices keep increasing, worsening the debt problems in many countries in the global south.

Debt relief initiatives have so far been ineffective at supporting countries to achieve sustainable debt levels, while climate finance commitments continue to fall short. Additionally, new resources are needed to face the skyrocketing food, energy and fertilizer costs.

The response to this multidimensional crisis presents significant challenges, particularly as the existing debt architecture is not fit for purpose.

Join us for this session where we will explore policy options and structural reforms that would help tackling together unsustainable debts and the multiple crises, including climate, food and energy crises

Presentations by:

• Carola Mejía, Latindadd
• Uli Volz, SOAS Centre for Sustainable Finance
• Jason Braganza, Afrodad

Responses from member states and agencies

Register on Zoom