Defaulting on Development and Climate: Debt Sustainability and the Race for the 2030 Agenda and Paris Agreement

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Main author: Zucker-Marques, Marina
Other authors: Gallagher, Kevin P.
Volz, Ulrich
Format: Monographs and Working Papers           
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id eprints-41719
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description In this report we perform an enhanced global external debt sustainability analysis to estimate the extent to which EMDEs can mobilize the G20 independent Expert Group recommended levels of external financing without jeopardizing debt sustainability. We find that among 66 of the most economically vulnerable countries, 47 countries with a total population of over 1.11 billion people will face insolvency problems in the next five years as they seek to ramp up investment to meet climate and development goals. Debt relief must be administered for these countries to stand a chance to invest in a climate-resilient future and achieve their development aspirations.
format Monographs and Working Papers
author Zucker-Marques, Marina
author_facet Zucker-Marques, Marina
Gallagher, Kevin P.
Volz, Ulrich
authorStr Zucker-Marques, Marina
author_letter Zucker-Marques, Marina
author2 Gallagher, Kevin P.
Volz, Ulrich
author2Str Gallagher, Kevin P.
Volz, Ulrich
title Defaulting on Development and Climate: Debt Sustainability and the Race for the 2030 Agenda and Paris Agreement
publisher Boston University Global Development Policy Center; Centre for Sustainable Finance, SOAS, University of London; Heinrich Böll Foundation
publishDate 2024
url https://eprints.soas.ac.uk/41719/

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