Debt
Global economic prospects are the worst in decades but investing in the future could be the answer
The World Bank released its semi-annual Global Economic Prospects Report on 10 January, and it reads like a warning shot across the bow for the world’s economies.
Global…
Rise of the Redback
In August, Beijing threw a lifeline to Argentina, a serial defaulter in sovereign debt, by arranging to pay back in yuan half of a US$2.7 billion instalment of an emergency loan…
De-risking developing country debt
Climate change and debt present a toxic mix for many of the world’s most vulnerable developing countries. Disasters are becoming more frequent and severe. Yet many of the most…
The G20’s approach on debt has failed
A crisis that will set back many developing countries for decades has been brewing since the onset of the pandemic. The debt defaults began slowly in 2020 but are now speeding up;…
Infrastructure for influence: Pacific Islands building spree
There is a building spree going on in our neighbourhood as Pacific Island countries leverage geopolitical rivalries to fill a huge gap. A rough estimate is that the region needs…
The climate crisis demands sovereign debt justice
International scientific and economic research suggests that developing countries, many of which neither created nor benefitted from historical greenhouse gas emissions, are…
Sri Lanka’s deep debt bind
Sri Lanka today exists in a no man’s land between debt restructure and default. In late June, the government released its proposed domestic debt restructure deal, which in turn…