“The impact of debt in poor countries and proposals for fair and green recovery financing”

A side-event at the Civil Society Policy Forum of the International Monetary Fund and World Bank  Spring Meetings, organized by the World Council of Churches, the All Africa Conference of Churches, ACT Alliance, CAFOD, Caritas, ChristianAid, CIDSE, and Jubilee USA.

a woman sells bananas in Tengeru market near Arusha, Tanzania

Representatives of the global Christian community will share lived experiences from countries grappling with heavy debt burdens as well as concrete proposals on how the International Monetary Fund and World Bank can tackle this crisis, prioritising greater development benefits, providing for needs of the most vulnerable people and caring for our common home. In dialogue with WB and IMF representatives, they will bring experiences of how the unsustainable debt is hindering an effective COVID-19 response in their communities. They will focus on the shared vision and moral imperative to deliver a fair and green recovery which requires further debt cancellation to prevent millions more of our sisters and brothers being needlessly pushed into poverty.

Mr Eric LeCompte, Executive Director, Jubilee USA
Mr Eugene Kabilika, Executive Director, Caritas Zambia
Rev Suzanne Matale, Commissioner, Independent Commission for the Reform of International Corporate Taxation
Mr Jeronim Zettelmeyer, Deputy Director, Strategy, Policy and Review Department, International Monetary Fund
Mr Marcello Estevao, Global Director, Macroeconomics, Trade and Investment Global Practice, World Bank Group (moderator)

https://www.worldbank.org/en/events/2020/12/22/civil-society-policy-forum and https://www.imf.org/en/About/Partners/civil-society