Covid-19 Crisis: how should the G20 support heavily indebted low-income countries?

Berensmann, Kathrin / Abebe Shimeles / Njuguna Ndung'u
Externe Publikationen (2020)

in: T20 Saudi Arabia, Policy Brief, Online

As low-income countries (LICs) need assistance to manage the effects of the COVID-19 crisis, the G20 can play an important role in providing short-term liquidity with a suspension of debt service payments and debt relief. However, debt relief should be bound to reforms, and LICs bear part of the responsibility for coping with the crisis. To prevent a debt crisis in the long term, the G20 could implement measures to promote responsible lending and borrowing among LICs. Two instruments are particularly important: (i) guidelines for responsible lending and borrowing, and (ii) effective debt management.

 

Über die Autorin

Berensmann, Kathrin

Wirtschaftswissenschaften

Berensmann

Weitere Expert*innen zu diesem Thema

Dafe, Florence

Sozialwissenschaftlerin 

Haldenwang, Christian von

Politikwissenschaftler 

Laudage, Sabine

Ökonomie 

Schiller, Armin von

Politikwissenschaftler 

Sommer, Christoph

Ökonom