Journalist and TV news anchor. Terry Martin is a Berlin-based broadcaster with decades of experience in international news. Formerly an anchor with CNN International, he is now Senior Anchor with DW News, Germany’s global service. He is also the Founder and Director of the research communications agency SPIA. As a television correspondent, he has provided live coverage from G7 summits, UN climate conferences, and multiple national elections. He has hosted scores of tv discussion programs and interviewed countless political and business leaders, scientists, and activists around the world. Frequently in demand as an event moderator, he has moderated major conferences for public and private-sector clients in Europe, Asia, and the Middle East. He is a regular host at GLOBSEC’s Bratislava Forum, The Warsaw Security Forum, and the World Knowledge Forum in Seoul. For several years, he served as Contributing Editor and Germany Correspondent for Europe Magazine and wrote a bimonthly newsletter on foreign investment. In 2010, he wrote the European Commission’s widely used guidebook “Communicating research for evidence-based policymaking”. Born in Canada, he studied English and philosophy at universities in the US (B.A. Elon College, Masters studies Wake Forest University) before moving to Germany shortly after the fall of The Berlin Wall.
Terry Martin
WASHINGTON, DC – Three upcoming international gatherings – the G20 Leaders’ Summit in September, the International Monetary Fund and World Bank annual meetings in October, and the United Nations Climate Change Conference (COP28) in the United Arab Emirates in November – will focus on devising strategies to sustain global growth and tame inflation. With public and private debt at record levels, political leaders face the monumental task of maintaining financial stability while simultaneously allocating resources to address critical challenges such as global warming and pandemic preparation.
With increasingly frequent and more intense extreme weather events underscoring the urgent need for decisive action, much of the attention will rightly be on the debt crisis currently engulfing much of the developing world. Given that many middle- and low-income countries lack the necessary resources to invest in adaptation and mitigation measures, global leaders will undoubtedly be pressured to narrow the climate-finance gap.
But the collapse of the traditional Paris Club-based renegotiation process and the ongoing failure of the G20’s Common Framework for Debt Treatments have hindered efforts to establish a more efficient policy framework to reduce low- and middle-income countries’ debt burdens. Moreover, developing countries’ debt woes have been exacerbated by the sharp increase in global interest rates and the decrease in private capital inflows to emerging-market economies.
Several recent initiatives seek to tackle the triple challenge of sustaining economic growth, ensuring financial stability, and mobilizing the resources needed to address global threats like climate change. All of them, including the roadmap outlined by policymakers at the June Summit for a New Global Financing Pact in Paris and the new G20 report on reforming the multilateral development bank system, acknowledge that reviving private capital inflows into low- and middle-income countries is a prerequisite for success.
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Read the full article written by John Lipsky on Project Syndicate.