Development Finance International

The G20 Global Sovereign Debt Round Table held a special workshop on Addressing Liquidity Challenges. Matthew Martin spoke at the workshop, emphasising that this is a debt service not a liquidity crisis, and the degree to which debt service is crowding out SDG spending, and that this will continue over the next decade so cannot be solved by short-term service reprofiling. He also made three proposals to deal with high debt service in 3 groups of countries (MACs, LIDCs and disaster-hit countries), all of which are explained in detail in a briefing paper Solving the Debt Service Crisis: Three Proposals, which can be found here.