Masood Ahmed, President of the Center for Global Development, gave a keynote address at the 2019 Australasian Aid Conference on 20 February. He discussed growing debt in low-income countries, and asked whether we are heading for another debt crisis. He also spoke about whether this is different from the debt crisis 20 years ago, what is driving debt growing in low-income countries, what can be done to reduce the risk of a crisis, and what policy could limit the possibility of a prolonged crisis. The 2019 Australasian Aid Conference was held at Crawford School of Public Policy, ANU, on 19-20 February, and was organised by the Development Policy Centre in partnership with The Asia Foundation.