The Covid-19 shock has put a glaring spotlight on the difficulties arising from high and rising developing country indebtedness since it is set to turn what was already a dire situation into serial sovereign defaults across the developing world. It has, therefore, turbo charged the need to move from discussion to action on debt matters in developing countries. Following a brief discussion of current debt vulnerabilities in developing countries, this update of UNCTAD’s Trade and Development Report 2019lays out a series of steps that the international community will need to take if there is to be any hope of salvaging the Agenda 2030 and moving to a more resilient and sustainable future for all countries.

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