G20 Finance Ministers & Central Bank Governors Meeting – 14 October 2020 [Virtual]
While the global economy is experiencing a sharp contraction in 2020 due to the impactof the COVID-19 pandemic, the outlook is less negative with global economic activityshowing signs of recovery as our economies have been gradually reopening and thepositive impacts of our significant policy actions started to materialize. However, therecovery is uneven, highly uncertain and…
International Debt Statistics 2021
International Debt Statistics (IDS) is a longstanding annual publication of the World Bank featuring external debt statistics and analysis for the 120 low- and middle-income countries that report to the World Bank Debt Reporting System (DRS). The content coverage of IDS 2021 includes: 1) a user guide describing the IDS tables and content, definitions and…
Reform of the International Debt Architecture is Urgently Needed
The COVID-19 pandemic has pushed debt levels to new heights. Compared to end-2019, average 2021 debt ratios are projected to rise by 20 percent of GDP in advanced economies, 10 percent of GDP in emerging market economies, and about 7 percent in low-income-countries. These increases come on top of debt levels that were already historically high.…
Voluntary Principles For Debt Transparency
Amid growing concern about the implications of rising global debt levels, policymakers and private sector leaders alike have been in search of ways to support debt sustainability. With encouragement from official sector collaborators and a clear mandate from the Board of Directors of the Institute of International Finance (IIF), this set of Voluntary Principles for…