Meeting the Moment: Debt Relief for Middle Income Countries
ISPI, the T20 National Coordinator and Chair, and Global Development Policy Center of the Boston University are co-hosting the T20 Associated-event “Meeting the Moment: Debt Relief for Middle Income Countries”, in cooperation with the Creco Research Institute, CSEP, The Group of 24, Centre for Finance and Development, Labour 20 and LPEM FEB UI. This Public Event is preceded by a closed-door Workshop by invitation only (see the programme), intended as an occasion to broaden participation in the Task Force (TF) “International Finance”.
Over 70 countries around the world might be at risk of external debt distress this year, including many Middle Income Countries (MICs). The world runs the risk of financial crises after the Covid-induced economic crisis, with MICs showing particularly high vulnerabilities. All the more so as most of these countries are not covered by current debt relief schemes.
What to expect from rising debt levels in MICs? How to escape the fate of financial crises originated by MICs? What can the G20 do to support these countries?