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.
The Debt Relief for Green and Inclusive Recovery initiative of the Heinrich Böll Foundation, the Centre for Sustainable Finance at SOAS University London and the Boston University Global Development Policy Center presents its current refined proposal for concerted and comprehensive debt relief at the global level to promote a just transition to a low-carbon economy.
More and more individuals, communities, organisations and countries are considering climate litigation as 21 years of talks within UNFCCC have resulted in inadequate climate action. Climate litigation has seen tremendous progress worldwide as recent successful cases against different governments show. This report assesses current and pending climate litigation in the light of the Paris Agreement.