Sustainable Development Goals

Even before the coronavirus crisis, since 2011 debt payments have grown rapidly for lower income countries. In this paper we analyse debt payments for 63 countries with figures available from the IMF and World Bank.

Spending needs for financing the Sustainable Development Goals (SDGs) in developing countries are large and cannot be covered by external flows alone. This has made it imperative for these countries to raise more resources domestically over time—an urgency accentuated by the fiscal impact of COVID-1...