Raisina Dialogue 2023 | Navigating a Debt Crisis: Towards a New Development Partnership Agenda
In the years since the pandemic, countries from the Pacific to the Caribbean have been brought to the brink of default. The global community’s lackluster response to the sovereign debt contagion underlines the need for reform of development partnerships and international financial institutions. Smaller nations are struggling with the dual burden of addressing climate adaptation and meeting an enhanced fiscal burden.
In an age of increasing debt, how can governments balance sovereign autonomy and the need for investment? Are emerging development partnership models prioritising the needs of recipient countries while also supporting the broader geo-economic vision of donor economies? What role must be taken by official development assistance as a global policy at this time? What innovative mechanisms allow countries to escape some of their debt burdens while also moving forward on the green transition and maintaining access to financial capital?
In Conversation:
Dammu Ravi, Secretary (Economic Relations), Ministry of External Affairs, India
Maria Shaw-Barragan, Director, Lending Operations in Asia, Africa, Caribbean and Pacific, and Latin America, European Investment Bank
Jenny Bates, Director General, Indo-Pacific, Foreign, Commonwealth & Development Office, UK
Philippe Orliange, Executive Director of Geographies, AFD, France
Vera Songwe, Founder and Chairwoman, Liquidity and Sustainability Facility, UK
Moderator:
Sanjeev Krishan, Chairman, PwC, India
About Raisina Dialogue:
The Raisina Dialogue is India’s premier conference on geopolitics and geoeconomics committed to addressing the most challenging issues facing the global community. Every year, leaders in politics, business, media, and civil society converge in New Delhi to discuss the state of the world and explore opportunities for cooperation on a wide range of contemporary matters. The Dialogue is structured as a multi-stakeholder, cross-sectoral discussion, involving heads of state, cabinet ministers, and local government officials, who are joined by thought leaders from the private sector, media, and academia.
The conference is hosted by the Observer Research Foundation in partnership with the Ministry of External Affairs, Government of India. This effort is supported by a number of institutions, organisations and individuals, who are committed to the mission of the conference.
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