Persagen.com 🇨🇦 🏳️⚧️ ☮🏳️🌈 on Nostr: Addendae cont'd Global South Countries Need New Legal Framework for Debt Relief At ...
Addendae cont'd
Global South Countries Need New Legal Framework for Debt Relief
At forums like the IMF & G20 wealthy nations’ interests dominate the conversation
https://jacobin.com/2023/07/global-south-debt-relief-imf-g20-paris-summit
* lack of progress on relief for the nearly 60% of low-income economies est. nearing debt distress levels
* w/o debt restructuring, new investments in climate mitigation in places most at risk remain an impossibility
#debt #ClimateCrisis #IMF #WorldBank #PovertyIndustrialComplex #capitalism #NeoColonialism
Global South Countries Need New Legal Framework for Debt Relief
At forums like the IMF & G20 wealthy nations’ interests dominate the conversation
https://jacobin.com/2023/07/global-south-debt-relief-imf-g20-paris-summit
* lack of progress on relief for the nearly 60% of low-income economies est. nearing debt distress levels
* w/o debt restructuring, new investments in climate mitigation in places most at risk remain an impossibility
#debt #ClimateCrisis #IMF #WorldBank #PovertyIndustrialComplex #capitalism #NeoColonialism