Debt can drive #sustainabledevelopment. No country has developed without it. But only when the #debt is fair, #sustainable and #inclusive. Today, more than 3.4 billion people live in countries that spend more on debt payments than on #health, #education and #climateaction. Developing countries pay up to 12 times more to borrow than developed countries. To resolve the global debt crisis, we must establish an inclusive debt restructuring mechanism that ensures #publicdebt #sustainability. Let’s ma
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Debt can drive #sustainabledevelopment. No cou…
256 views6 months ago
FacebookUN SDG Action Campaign
Debt can drive sustainable development. No country has developed without it. But only when the #debt is fair, sustainable and inclusive. Today, more than 3.4 billion people live in countries that spend more on debt payments than on #health, #education and #ClimateAction. Developing countries pay up to 12 times more to borrow than developed countries. To resolve the global debt crisis, we must establish an inclusive debt restructuring mechanism that ensures public debt sustainability. Let’s make
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Debt can drive sustainable development. No country has dev…
244 views6 months ago
FacebookUN SDG Action Campaign
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Countries rich in nature, but weighed down in debt, are trying to get sustainable financing to get out of debt by preserving natural resources. Of the recently completed debt-for-nature swaps, the Belize Blue Bond is the largest at $360 million. The tiny Central American country is a serial debt defaulter and prior to the deal their debt level approached 130% of GDP. Read more in the report from Bloomberg Green: https://bloom.bg/3UX01py | Bloomberg
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