
Are we trading away fiscal space for development?
By Devika Dutt, Lecturer in Development Economics at King’s College, London and Kevin P. Gallagher, Director of the Boston University Global Development Policy Center, and Professor of Global Development Policy at Boston University
Developing nations need to mobilise an additional USD 1 trillion per year to meet their shared 2023 development and climate goals, but the need to invest comes precisely at a time when developing countries lack the fiscal space to do so.
What has been driving debt distress and how can governments and international institutions adapt to help?
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