Despite the slight recovery of the global economic situation in 2021 before the beginning of the Ukraine war, the debt situation in the majority of countries in the Global South remains tense. While policy-makers are calling for the improvement of debt relief procedures, the interests of different creditor groups are blocking speedy progress. In 136 out of 152 countries surveyed in the Global South the debt situation is critical. In 40 it is even very critical. Projections show that the situation will further deteriorate as a result of the Ukraine war and the global rise in interest rates. […]