The ‘Polycrisis’ and Global Development Finance: Options and Dilemmas

Cameron Hill discusses a “range of proposals to reform the international development finance architecture in ways that might alleviate some of the worst effects of the multiple global shocks for low- and middle-income countries. This blog canvasses several of the more prominent proposals, including the dilemmas and trade-offs they raise.” He focuses on “debt, global reserves and the multilateral development banks” to highlight growing global financial problems ahead of the G20 summit in Indonesia.