A tsunami of debt has crashed over the world, and billions of people are drowning.
This week, the G20 will meet to decide the direction of global economic recovery. Their power – and their responsibility – point in one direction: drop debt, drive investment, and deliver justice for all peoples of the world.
The pandemic has accelerated inequalities across the planet. Workers have lost $3.7 trillion in income, while billionaires have increased their wealth by $3.9 trillion. Wealthy countries have invested trillions of dollars to inflate their economies. But poor countries have been paralysed by a $2.5 trillion financing gap that has prevented sufficient pandemic response.