|Event Date||Thu Jul 15 EDT (3 months ago)|
The COVID-19 pandemic has fuelled debt sustainability risks in many developing countries. Faced with high levels of debt and insufficient access to finance, these countries are struggling to mitigate the severe effects of the crisis, which could lead to deep and long-term social and economic scarring. For many economies, weak fiscal positions are also constraining their ability to address growing climate risks.
Against this backdrop, the provision of debt relief through different financial instruments can help create the fiscal space needed for countries to invest in a sustainable, inclusive, and green recovery.
This session will bring together the UN system and other international entities and experts to explore efforts to develop instruments to facilitate efforts on debt relief, in order for countries in need to get back on track towards achieving the SDGs. The session aims to strengthen international and regional discourse on debt relief, especially in relation to climate change preparedness and the upcoming COP26.
Director of the Financing for Sustainable Development Office, DESA
Under-Secretary-General of the United Nations and Executive Secretary of ESCWA
Chief of the Policy Analysis and Development Branch, Financing for Sustainable Development Office
Financial Markets Program Director, Initiative for Policy Dialogue, Columbia University – The global perspective
Deputy Director, Strategy and Policy Review Department at International Monetary Fund – IMF experience and strategy
Director for Technology, Climate Change and Natural Resources Management, ECA , former Minister of Health and Minister of Finance, Trade and the Blue Economy, Seychelles – The debtor perspective (5-7)
Executive Director for Research and Innovation, French Development Agency – The creditor perspective
Deputy Executive Secretary, UNESCWA