Finance

Making the Great Turnaround work

Making the Great Turnaround work

Published: 1 June 2022
Study

The long-term challenges have lost none of their significance – be it climate breakdown, species extinction, the increase in inequality, or demographic change. The challenge is to craft a strategic approach that can set the course for long-term success.

Cover The Beijing-led Asian Infrastructure Investment Bank

The Beijing-led Asian Infrastructure Investment Bank

Published: 22 October 2021
Study

The business of the AIIB is the financing of large infrastructure projects such as power plants, dams and transport routes. Such investments are inherently associated with high environmental and social risks, as well as corruption and high levels of debt. This study provides an overview of the institution's close alignment with China and its transparency and information disclosure rules.

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Debt Relief by Private Creditors: Lessons from the Brady Plan

Debt Relief for Green and Inclusive Recovery Project

Published: 1 October 2021

This paper reviews the main features of and experiences with the Brady Plan, which in 1989 laid the foundation for the restructuring of the sovereign debt of mainly Latin American countries. It argues that the combination of credit enhancement for restructured debt, moral suasion, and tax as well as regulatory relief to encourage private creditors to participate in debt restructurings may provide a template for addressing today's sovereign debt problems.

Cover: Debt Relief for a Green and Inclusive Recovery

Debt Relief for a Green and Inclusive Recovery

Published: 28 June 2021
Report

The Debt Relief for Green and Inclusive Recovery initiative of the Heinrich Böll Foundation, the Centre for Sustainable Finance at SOAS University London and the Boston University Global Development Policy Center presents its current refined proposal for concerted and comprehensive debt relief at the global level to promote a just transition to a low-carbon economy.

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Debt for Climate Opportunities in South Africa

Debt for Climate Opportunities in South Africa

Published: 5 January 2021

South Africa’s economy, which was already in a precarious state before Covid-2019, has been tipped into full blown crisis by the pandemic. Gross national government debt  is expected to be upwards of 86% within two years. Eskom, which is the country’s state-owned monopolistic and vertically integrated electricity utility, is a key driver of this escalating debt profile and lies at the heart of the economy’s structural challenges. 

Cover: Debt-For-Adaptation Swap – Investment in Adaptation and Resilience

Debt-For-Adaptation Swap – Investment in Adaptation and Resilience

Published: 14 December 2020

Low-income countries (LICs) are suffering from triple distresses: the mortal impact of Covid-19, increasing debt burdens, and climate change impacts. This paper brings the debt-for-adaptation swap into play as an alternative source to restore countries' ability to act and be resilient to climate change.