UNGLOBALCRISISRESPONSEGROUPAworldofdebtAgrowingburdentoglobalprosperityJuly20232AWORLDOFDEBTAgrowingburdentoglobalprosperityACKNOWLEDGEMENTSThisdocumenthasbeenpreparedbytheUNGlobalCrisisResponseGroupandthefiveUNRegionalCommissions,ECA,ECE,ECLAC,ESCAPandESCWA.IntroductionGlobalpublicdebtatunprecedentedlevelsInequalitiesintheinternationalfinancialarchitectureFacingimpossiblechoices:servicingdebtorservingtheirpeoplePeoplepaythepriceAroadmaptofinancesustainabledevelopmentCONTENTS234513AWORLDOFDEBTAgrowingburdentoglobalprosperity4AWORLDOFDEBTAgrowingburdentoglobalprosperityIntroductionPublicdebtcanbevitalfordevelopment.Governmentsuseittofinancetheirexpenditure...
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