Debt crisis

Ahead of the 80th anniversary of the Bretton Woods Conference, together with partner institutions, we propose reforms in eight critical areas of the international economic and financial architecture to reflect the changing global realities and challenges. 

Many climate-vulnerable countries cannot invest in low-carbon development unless they are offered debt relief. Policymakers must agree to reform the debt architecture and provide more concessional finance.

In the climate negotiations at COP28, the question of financing the climate crisis will be at the forefront of the debate. However, many countries in the Global South are struggling to channel extra funds into climate action, due to the unfolding debt crisis.

For the highly indebted developing countries, the corona pandemic accelerates the debt crisis. An interview with Barbara Unmüßig from the Board of the Heinrich Böll Foundation about the latest developments.