Webinar Invitation: Investing for the Future

Newsletter
Debt Relief for a Green and Inclusive Recovery

Dear Reader,

With only six years remaining to meet the United Nations 2030 Agenda for Sustainable Development and Paris Agreement targets, urgent and bold policymaking is essential to avert severe impacts for current and future generations.

Emerging market and developing economies (EMDEs) are grappling with historic levels of external debt, coupled with higher interest rates and low growth prospects, hindering their capacity to invest in both climate action and development goals while maintaining debt sustainability.

On Tuesday, May 14 from 9:00 – 10:15 AM EDT | 15:00 – 16:15 CEST, join us for a webinar discussion featuring global experts in international development, debt and climate on the latest report from the Debt Relief for a Green and Inclusive Recovery (DRGR) Project report and sustainable pathways to advance development and climate investments amid pressing debt challenges.

Our latest blog also examines the proceedings and outcomes of the 2024 International Monetary Fund (IMF) / World Bank Group Spring Meetings, particularly focusing on the discussions surrounding debt sustainability and relief efforts. The high-level meetings have the potential to carry profound implications for global development efforts, yet solutions to the mounting debt and development crises have remained elusive. Read our take on the key outcomes, the shifting political discourse and pathways for action in 2024.

Warm regards,

Your Debt Relief for Green and Inclusive Recovery Team

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Event

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Webinar: Investing for the Future: How Debt Relief Can Help Make Space for Climate and Development Goals

A new report from the DRGR Project finds that of 66 economically vulnerable EMDEs, 47 EMDEs with a total population of over 1.11 billion people will face insolvency problems in the next five years if they seek to ramp up investment to meet climate and development goals. The authors argue that debt relief, in a package with new liquidity and affordable development finance, is urgently needed to allow these 47 economically vulnerable EMDEs to maintain debt sustainability while investing in climate and development.

The DRGR Project has developed a proposal that is in many ways a modern-day version of the Brady Plan and the Highly Indebted Poor Countries (HIPC) Initiative of the 1990s combined. The proposal is designed to address the immediate challenges facing indebted EMDEs, while providing a stepping stone towards establishing a new global debt architecture that is fair, transparent, efficient and cognizant of the needs of EMDEs.

On Tuesday, May 14 from 9:00 – 10:15 AM EDT | 15:00 – 16:15 CEST, join us for a webinar discussion featuring global experts in international development, debt and climate on the latest DRGR Project report and how to sustainably advance development and climate investments.

To the Event

Blogs

Debt, Climate and the Pressing Need for Collaboration: Insights from the 2024 IMF / World Bank Group Spring Meetings

Despite the risk of defaulting on the UN 2030 Agenda and the Paris Agreement, there was little to no progress at the 2024 IMF / World Bank Group Spring Meetings regarding debt. Still, the discourse at the meetings underscored a significant shift towards prioritizing debt sustainability and relief efforts on the global stage – particularly within international financial institutions and the United States government.

This blog provides the insights from the 2024 Spring Meetings with a focus on debt and financing for climate and development.

To the Blog

Preventing a Default on Development and Climate:
How Debt Relief Can Support Development Efforts for over 1 Billion People

How can EMDEs mobilize the necessary financing to achieve the UN 2030 Agenda and the Paris Agreement without compromising their debt sustainability or indeed, solvency?

A new blog summarizes the findings of the latest DRGR Project report and argues that if countries can accelerate investments on climate and development, the world economy can evolve into one that is low-carbon, more equitable, resilient and conducive to shared prosperity.

To the Blog

Further information on our website

Contact: Sarah Ribbert, ribbert@boell.de

This newsletter is sent to you by Heinrich Böll Foundation on behalf of the DRGR Project.
In cooperation with Centre for Sustainable Finance at SOAS, University of London and the Boston University Global Development Policy Center.

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Sender: Heinrich Böll Foundation, The Green Political Foundation, info@boell.de

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