A holistic approach to sovereign debt crises: strengthening fiscal resilience to disasters through the G20 - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A holistic approach to sovereign debt crises: strengthening fiscal resilience to disasters through the G20 - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"The policy paper considers the role of catastrophe bonds are as a risk-transfer mechanism.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-02T09:43:18+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\\\/\",\"name\":\"A holistic approach to sovereign debt crises: strengthening fiscal resilience to disasters through the G20 - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"datePublished\":\"2025-11-13T08:55:49+00:00\",\"dateModified\":\"2025-12-02T09:43:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?post_type=publication\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Policy publication\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?publication-type=policy-publications\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"A holistic approach to sovereign debt crises: strengthening fiscal resilience to disasters through the G20\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n","yoast_head_json":{"title":"A holistic approach to sovereign debt crises: strengthening fiscal resilience to disasters through the G20 - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\/","og_locale":"en_GB","og_type":"article","og_title":"A holistic approach to sovereign debt crises: strengthening fiscal resilience to disasters through the G20 - Grantham Research Institute on climate change and the environment","og_description":"The policy paper considers the role of catastrophe bonds are as a risk-transfer mechanism.","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2025-12-02T09:43:18+00:00","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\/","name":"A holistic approach to sovereign debt crises: strengthening fiscal resilience to disasters through the G20 - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"datePublished":"2025-11-13T08:55:49+00:00","dateModified":"2025-12-02T09:43:18+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"Publications","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication"},{"@type":"ListItem","position":3,"name":"Policy publication","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?publication-type=policy-publications"},{"@type":"ListItem","position":4,"name":"A holistic approach to sovereign debt crises: strengthening fiscal resilience to disasters through the G20"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"post_tag":["catastrophe bonds","disaster risk","extreme weather","G20","Resilience","sovereign debt"],"publication-type":["Policy publication"],"topic_area":["Adaptation and resilience","Leadership"]},"_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/82743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/publication"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/12"}],"version-history":[{"count":2,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/82743\/revisions"}],"predecessor-version":[{"id":82745,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/82743\/revisions\/82745"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=82743"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=82743"},{"taxonomy":"publication-type","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication-type?post=82743"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=82743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

{"id":82743,"date":"2025-11-13T08:55:49","date_gmt":"2025-11-13T08:55:49","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=82743"},"modified":"2025-12-02T09:43:18","modified_gmt":"2025-12-02T09:43:18","slug":"a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/a-holistic-approach-to-sovereign-debt-crises-strengthening-fiscal-resilience-to-disasters-through-the-g20\/","title":{"rendered":"A holistic approach to sovereign debt crises: strengthening fiscal resilience to disasters through the G20"},"content":{"rendered":"\n

Catastrophe bonds are gaining traction as a risk-transfer mechanism, providing post-disaster liquidity without increasing governments’ debt burdens. These bonds aim to deliver rapid funding while protecting national budgets and preserving fiscal space in the aftermath of a disaster. While the potential of catastrophe bonds as part of a diversified disaster risk resilience strategy is significant, challenges remain. With extreme weather events becoming more frequent and severe, this policy brief highlights the need for stronger financial preparedness to enhance resilience, particularly critical for countries already burdened by high sovereign debt. It provides an overview of current developments in the catastrophe bond market and outlines key concerns. It concludes by outlining how the G20 could enhance knowledge, accessibility, and transparency in the catastrophe bond market, while also emphasising the need to balance financial innovation with long-term disaster risk reduction.<\/p>\n\n\n\n

Lea Reitmeier, Denyse S Dookie and Preeya Mohan, A holistic approach to sovereign debt crises: strengthening fiscal resilience to disasters through the G20<\/em>. Published by the T20.<\/strong><\/p>\n\n\n\n

External link to publication