More: Debt
A Call for Debt Justice: Confronting the Sovereign Debt Crisis in the Global South
According to the most recent World Bank report released on December 13, 2023, it was discovered that developing countries collectively spent a staggering US$443.5...
U.S. Is Threatening to Default China Debt Repayment, What Will Beijing Do?
Under Xi’s decade-long rule, China’s holding of US Treasury debt has been consistently declining, last year it fell by $173.2 billion – 17% of...
The Theatrics of the US Debt Ceiling: Fiscal Austerity or Political Brinkmanship?
It amazes me sometimes how pointless some discussions are to begin with, yet the hype they garner is just outrageous compared to relatively pressing...
Low-Income Country Debt Rises to Record $860 Billion in 2020
Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. While these measures were aimed at addressing...
Debt Stocks of Developing Countries Rose to $7.8 Trillion in 2018
Total external debt of low-
and middle-income countries climbed 5.3 percent to $7.8 trillion last year,
while net debt flows (gross disbursements minus principal payments) from
external...