Post-COVID Debt Relief for Indebted Countries: Why Hasn’t It Worked So Far?

​​Despite the efforts to assist developing countries with debt overhang and debt service problems during COVID-19 (including via the Debt Service Suspension Initiative, DSSI), the world's leading countries have yet to hammer out a consensus on providing lasting debt relief. After the DSSI, the G20 rolled out the Common Framework (CF) that was intended to bring a broader circle of creditors to the table, but no negotiations have closed under the CF to date. The study group will discuss potential reasons for this outcome and invite attendees to contribute ideas on how to break the logjam between the parties to allow adequate debt relief to be provided to the affected countries. 

The discussion will feature M-RCBG Senior Fellow Gregory Makoff as a special guest. Suggested reading: Georgieva, Kristalina and Ceyla Pazarbasioglu, 2021. “The G20 Common Framework for Debt Treatments Must Be Stepped Up,” IMF Blog, December 2. ​

This study group / discussion is open to all. Registration is not necessary.
M-RCBG welcomes individuals with disabilities to participate in its programs. To request accommodations or ask questions about access provided, please email: mrcbg@hks.harvard.edu