The debt crisis has immense negative impact on the sustainable development goals (SDGs). Countries are forced by International Monetary Fund (IMF) and World Bank to reduce social expenditures – including health, education, and social protection. Also, investments in environmental protection, climate change adaption and mitigation can’t be financed anymore because of high debt services. There is a need for another international debt architecture – respecting human rights – and ways to finance the SDGs in a just way.

GCAP in cooperation with partner organisations organizes an online side event — Is the Debt Crisis killing the SDGs? — at the High-Level Political Forum (HLPF) on Sustainable Development.

Date: 16 July 2024 (Tuesday)

Time: 10 – 11.30 AM New York Time (2 – 3.30 PM GMT)

Venue: Zoom

Registration Link: https://us06web.zoom.us/j/89518047370  

Download concept note and draft agenda: https://tinyurl.com/4tdkn93e 

Interpretation: French and Spanish interpretation

Draft Agenda

  • Welcome and Introduction: Pradeep Baisakh, GCAP
  • Moderation: Ingo Ritz, GCAP
  • Debt situation in the world with focus on LAC: Patricia Miranda, LATINDADD
  • How has debt affected social protection in African countries: Jane Anyango, GCAP Kenya
  • Impact of debt on SDGs in Asian countries: Mae Buenaventura, Asia People’s Movement on Debt and Development (APMDD)
  • Debt situation in Sri Lanka: Ermiza Tegal, Yukti Debt Justice Collective
  • Role of global accelerator to fund social protection: Samuel Obara, Africa Platform for Social Protection
  • Bridging gap in ODA to finance SDGs in LDCs:Dr Arjun Karki, Global Coordinator, LDC Watch

About HLPF:

The annual High-Level Political Forum (HLPF) on Sustainable Development commenced at the UN headquarters in New York on July 8. This year’s forum will center on the theme: Strengthening the 2030 Agenda and eliminating poverty amidst multiple crises: ensuring the effective implementation of sustainable, resilient, and innovative solutions.

GCAP is co-organising four events at the HLPF.

Read GCAP Newsletter for more information.