Announcing the Commission of Experts
Today, February 21, the Pontifical Academy of Social Sciences (PASS) and Columbia University’s Initiative for Policy Dialogue (IPD) are announcing the establishment of a Commission of Experts that will convene during 2025 to address the growing sovereign debt and development crises that are affecting countries across the Southern Hemisphere.
This new Commission will bring together global experts on sovereign debt from academia, civil society, and religious communities to develop and propose reforms that would help address those burdened today by unsustainable debts, and that would also help prevent a recurrence of such crises in the future, while promoting sustainable economic, social, and environmental development.
The Commission, chaired by Professor Joseph E. Stiglitz, will produce a Jubilee Report on Addressing the Debt and Development Crises in countries from the South. The report will provide an assessment of the current situation as well as a blueprint for reforms to the international financial architecture that would enable countries to achieve sustainable debt levels that allow them to increase investment in healthcare, education, clean energy, and climate adaptation in countries across the Southern Hemisphere.