As governments converge on Washington for the International Monetary Fund (IMF)-World Bank spring meeting, they are confronted with the daunting prospect that 2023 might be the year that the world will be hit by a developing country debt crisis much like that which took place in the early 1980’s that led to the infamous lost decade in Latin America and Africa. A number of defaults on debt repayments over the last three years have served as the alarm bells for a possibly even bigger implosion.

Read the article by Walden Bello