Open Letter to G20 Finance Ministers, Central Bank Governors and the IMF

Civil Society Organizations Call for Issuance of More SDRs and Fairer Distribution

Developing countries continue to suffer the health, social and economic impacts of COVID. Lagging access to vaccines and limited economic policy tools to support their people and livelihoods threaten to prolong the crisis and deepen its long-term scars. In 2024, more than 40% of developing countries will still have income below their 2019 levels. Developing countries’ debt burden rose by 9 percentage points in the first year of the pandemic, the fastest increase in three decades.

Read more...