COVID-19 Debt Relief and Sustainability Framework

Abstract

A multilateral initiative that can be deployed immediately is required to address the debt challenges faced by developing countries in the post COVID-19 period. This proposal for a debt relief and sustainability framework aims to be the initial stage of such a process. It aims to provide a framework to address the challenges of a sustainable and inclusive recovery, sustainable development and debt faced by developing countries. Its main purpose is to place the financing requirements of a COVID-19 recovery, 2030 Agenda and Paris Agreement at the centre of debt relief and sustainability efforts. These requirements need to become the starting point in the assessment of post COVID-19 debt relief efforts.