Pretend and Extend, or #CancelTheDebt? A Fork in the Road for the Debt Crisis

Summary of the Session:

The IMF insists there is no ‘systemic’ debt crisis requiring debt cancellation, but rather a ‘liquidity crisis’ requiring debt rescheduling. Civil society argues the opposite. What empirical bases best assess the extent of the crisis? What are the costs and risks of debt rescheduling and preemptive or post-default restructurings?

Reference Materials:

1. Analysis of the Debt Management Policies of International Financial Institutions and Multilateral Groups amid Multiple Crisis:  Their Potential and Alternative Policies to Address Current Debt Challenges
2. Debt Restructuring under the G20 Common Framework and Alternative Policy Solutions. 
3. Analysis of Development Finance Landscape in Africa

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