This joint briefing with Christian Aid, Global Justice Now and Oxfam, issued ahead of the G20 Finance Ministers meeting, shows that despite the G20 debt service suspension, many of the poorest countries are spending more on servicing debt payments than they are on life-saving public services. This paper examines the size of the private debt burden in these countries and makes a case for the introduction of a mechanism that would make participation in a debt suspension initiative compulsory for all actors, including private and multilateral creditors.
