Moritz Kraemer is chief economist and head of research at LBBW Bank and Vera Songwe is chair of the board of the Liquidity and Sustainability Facility and former UN assistant general secretary; they are co-chairs of the Expert Review on Debt, Nature and Climate
Today many low-income countries, and some middle-income countries too, are having to make deeply painful choices: between repaying debt and spending money on health and education; between investing in nature and developing their natural resources. The tension between fiscal sustainability and environmental sustainability has never been greater.
