The Group regularly launches study groups to analyze topics of particular or systemic importance to central banks, supervisors, financial firms, and participants in global financial markets. Each study group's leadership and membership is drawn from the G30 membership, but the teams can be broader than that of the Group, including experts from specialized fields in economics, finance and academia. Study participants work together to offer actionable solutions, policy recommendations, and examples of best practices in the area being studied.
Working Group on Sovereign Debt and COVID-19
Guillermo Ortiz, Steering Committee Co-Chair
Lawrence Summers, Steering Committee Co-Chair
This project recognizes how COVID-19 adds to the debt distress already building in many emerging markets, undermining governments' ability to protect livelihoods and deal with more fundamental development challenges. The study will address the need to strengthen the sovereign debt management architecture and widen the number of those around the table required to design workable solutions to debt problems.