Summoning the future or posturing in the present?
The Summit of the Future is an opportunity for world leaders to begin transforming our global institutions to be fit for the future. Many people are experiencing the ineffectiveness and unfairness of compromised economic decision-making as conflict, debt and climate crises worsen. Christian Aid is calling for leaders to reform global decision-making in institutions like the IMF and World Bank so that we can get back on track in efforts to meet the Paris Agreement on climate change and fulfil the Sustainable Development Goals by 2030.
The UK Government has a unique responsibility to address today’s global debt crisis, as the majority of debts owed by low-income countries to private creditors are governed by English law. Christian Aid and our partners are campaigning to the UK Government to ask it to introduce legislation to break the deadlock in global debt relief negotiations and enable more debt cancellation. UK legislation can compel private creditors to participate in debt negotiations.
Christian Aid is inviting civil society organisations working in debt crisis contexts to sign a public call for the UK government to introduce debt legislation. Christian Aid will promote this call publicly as part of our campaigning throughout 2024 and 2025. To sign the call, or find out more, please contact Chris Walker at cwalker@christian-aid.org.