The Real Cost of Debt is a multimedia storytelling project which focuses on the human impacts of the debt crisis. It uncovers the stories behind the debt data through the words and experiences of people directly affected in Asia, Africa, the Middle East and North Africa (MENA) and Latin America and the Caribbean.
Tag: debt (page 1 of 4)
There is ample research showing that growth-oriented strategies accompanied by redistribution policies are the most promising path to recovery across the Global South. Rather than imposing cookie-cutter austerity programs, the International Monetary Fund should be following the evidence.
Escaping the IMF Austerity Trap by Kevin P. Gallagher & Njūgūna S. Ndūng’ū – Project Syndicate
The outcome of this week’s Annual Meetings of the World Bank and IMF show that the institutions are moving in the wrong direction.
The World Bank and IMF Annual Meetings for 2025 are taking place in Washington, D.C., October 13–18, at the World Bank Group and IMF headquarters. The meetings bring together the international community to discuss global economic challenges and opportunities, with a focus on creating jobs and driving sustainable growth, according to the International Finance Corporation (IFC) and World Bank.
Meanwhile, with prices at record highs, the IMF should use its gold reserves to fund much-needed support for developing countries.
Finland’s government wants public debt below 40 percent of GDP, forcing decades of cuts stricter than EU rules.
Finland’s Right-Wing Coalition Plans Fifty Years of Austerity Through National Debt Brake
External Debt, climate debt and reparations in the Jubilee Year – Report Action Aid
FINAL Who Owes Who – FINAL COPY FOR WEBSITE – 5th Feb 2025.pdf
The answer of civil society organisations for Jubileee 25
Western financial policies have been squeezing economies worldwide. After being urged to borrow commercial finance heavily, developing countries now struggle with contractionary Western monetary policies.
Western Finance Ruining Economies of the Rest | Inter Press Service
Debt swaps for climate and conservation goals have experienced a resurgence in recent years. As COP29 negotiations kick off, they are presented as a dual solution for debt and climate issues, however they fall short in practice and pose risks that threaten to harm global south countries and communities. This briefing explains why instead of debt swaps, we need urgent debt cancellation and grant-based climate finance.
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