1945

Making debt work for development

As outlined in the previous chapter, to achieve the structural transformation implied by a Global Green New Deal and meet the goals of the 2030 Agenda, developing countries, supported by the international community, will need to scale up investment on an unprecedented scale, in both new areas of productive activity and infrastructure provision. Credit creation and the settlement of debt are at the heart of any such effort, as they can augment or constrain the massive mobilization of resources required of both public and private agents.

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