CGD in the News

Reuters: G20 must push relief to avoid debt crises - experts, campaigners

February 17, 2022

From the article:

The Debt Service Suspension Initiative (DSSI) has now expired. Meanwhile, having signed up for the Common Framework a year ago, Zambia, Ethiopia and Chad have yet to receive relief.

Their uncertain fate, coupled with the fear of being punished by the market, have led other governments to steer clear of the Common Framework.

"It doesn't give them any incentives," the Washington-based Center for Global Development's Daouda Sembene, a former director at the International Monetary Fund (IMF), told Reuters.

"Unfortunately, it so far has done some harm and not necessarily good."