Breaking the cycle of debt crisis: how a new Stimulus Plan and the existing multilateral system can help

The world is at a profound moment of global fragmentation - recovery from the COVID-19 pandemic and its timing is uncertain amid geopolitical tensions, the impacts of the war in Ukraine, the soaring cost of living, the debt crisis, climate disasters and the reversal of progress on the Sustainable Development Goals (SDGs).

UNDP’s 2022 Human Development Report aptly described a new uncertainty complex, where multiple stresses are reinforcing each other and derailing development. It is a moment for world leaders to make the right choices, make the right strategic development investments and reach the furthest behind whilst addressing the short emergency needs.

As the first meeting of the G20 Finance Ministers and Central Bank Governors meeting opens in Bangalore, India, Achim Steiner, UNDP Administrator, will discuss the pressing challenges of the current debt crisis and imbalances in the global financial architecture that are encroaching on the governments’ approach to multilateralism today and propose a concrete stimulus plan to breakthrough from what could be a complex global financial deadlock.

A lecture by: Achim Steiner, Administrator of the United Nations Development Programme (UNDP)

Chaired by: Arancha González, Dean, Paris School of International Affairs

Welcome remarks by: Anne-Laure Kiechel, CEO, Global Sovereign Advisory (via zoom)

This event is co-organized by the Paris School of International Affairs, the Chair in Sovereign Debt and the United Nations Development Program.