Debt Relief for Green and Inclusive Recovery Project

Debt Relief by Private Creditors: Lessons from the Brady Plan

Debt Relief for Green and Inclusive Recovery Project

Published: 1 October 2021

This paper reviews the main features of and experiences with the Brady Plan, which in 1989 laid the foundation for the restructuring of the sovereign debt of mainly Latin American countries. It argues that the combination of credit enhancement for restructured debt, moral suasion, and tax as well as regulatory relief to encourage private creditors to participate in debt restructurings may provide a template for addressing today's sovereign debt problems.

Cover Background Paper 5

Debt for Climate Opportunities in South Africa

Published: 19 March 2021
Publikation

The paper proceeds by setting out pertinent aspects of the South African context and the
key role of its electricity sector in contributing to the country’s worsening debt profile.

Compensating Indebted Countries for Keeping Fossil Fuels in the Ground

Compensating Indebted Countries for Keeping Fossil Fuels in the Ground

Published: 5 January 2021

Fossil fuel development, in particular oil and gas, promised vast riches in the past. Today it is exposing fossil fuel producers and their creditors to a massive stranded asset risk. Technological disruption with the rapid cost-reduction of renewable energy and storage technologies, in conjunction with the inevitability of increased climate action, are at the root of unprecedented uncertainties over the future of the sector. 

Debt for Climate Opportunities in South Africa

Debt for Climate Opportunities in South Africa

Published: 5 January 2021

South Africa’s economy, which was already in a precarious state before Covid-2019, has been tipped into full blown crisis by the pandemic. Gross national government debt  is expected to be upwards of 86% within two years. Eskom, which is the country’s state-owned monopolistic and vertically integrated electricity utility, is a key driver of this escalating debt profile and lies at the heart of the economy’s structural challenges. 

Cover: Debt-For-Adaptation Swap – Investment in Adaptation and Resilience

Debt-For-Adaptation Swap – Investment in Adaptation and Resilience

Published: 14 December 2020

Low-income countries (LICs) are suffering from triple distresses: the mortal impact of Covid-19, increasing debt burdens, and climate change impacts. This paper brings the debt-for-adaptation swap into play as an alternative source to restore countries' ability to act and be resilient to climate change.

Cover der Studie "Debt Relief for a Green and Inclusive Recovery"

Debt Relief for Green and Inclusive Recovery

Published: 17 November 2020

This report proposes a Debt Relief for Green and Inclusive Recovery Initiative as an ambitious, concerted, and comprehensive debt relief initiative that frees up resources to support recoveries in a sustainable way, boosts economies’ resilience, and fosters a just transition to a low-carbon economy.

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