A Debt Jubilee to Tackle the COVID-19 Health and Economic Crisis

CESR and over 200 international organizations and regional networks issued a statement calling on the IMF, the World Bank, and members of the G20 to permanently cancel all external sovereign debt payments to be made by countries of the Global South in 2020. CESR believes that lender governments should cancel debt payments in order to keep money in countries so as to free up resources to tackle the urgent health, social and economic crises resulting from the COVID-19 global pandemic. In this way, countries will have the means necessary to provide a response that is based in human rights.

Read the full statement here