Kathrin Berensmann

Proposed solutions include debt restructuring and cancellation, reform of multilateral development banks and mobilisation of domestic resources

Multilateral action is needed to get a grip on debt problems in low-income countries

An insolvency procedure should be implemented for states

Industrialised countries and emerging markets should use new SDRs in support of low-income countries

The private sector must contribute to funding the transition to a sustainable economy

Sustainable financing is a precondition for mobilising private capital

Left to themselves, developing countries can’t cope with the Covid-19 pandemic

G20 must specify how it will support SDG agenda

The Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) are changing the landscape of international financial institutions

The IMF and multilateral development banks support middle-income countries , but bypass low-income countries in global financial crisis