Climate Action Requires Debt Relief
WASHINGTON, DC – Today’s global economic turmoil is not just about trade. As G20 finance ministers gather in Washington this week during the annual spring meetings of the International Monetary…
Debt
Can We Exit from a World of Debt?
In the past two decades, the external debt of developing countries has quadrupled to $11.4 trillion (2023). It is important to understand that this money owed to foreign creditors is equivalent to…
African Debt Cycle
Debt is an important source of finance for development. But if the debt situation turns burdensome and it may even threaten the very sovereignty of a nation. That’s what happening…
Modern (Mis)interpretations of Clean Slates
Why were Clean Slates so important to Bronze Age societies? From the third millennium in Mesopotamia, people were aware that debt pressures, if left to accumulate unchecked, would distort normal…
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