Description
In 2023, global debt hit a new record high at more than 307 trillion dollars. That led UN Secretary General Antonio Gutteres to warn that more than 3.3 billion people - almost half the world’s population - are now living in a country where money spent on debt repayments outstrip that spent on health and education.
So what can be done to solve the world’s debt issues? On this edition of The Agenda, Juliet Mann speaks to Situmbeko Musokotwane - Minister of Finance of Zambia, Vitor Gaspar, Director of the Fiscal Affairs Department at the IMF and Michael Pettis, Professor of Finance at Peking University’s Guanghua School of Management
Send us a textIn 1944 delegates from 44 countries gathered in Bretton Woods, New Hampshire in the United States to agree on a system of economic order and global cooperation. Eighty years later, the seeds sown there for the likes of the International Monetary Fund and World Bank still dominate...
Published 11/26/24
Send us a textAs world leaders cross the planet to attend the APEC meeting in Peru, the G20 Summit in Rio and COP29 in Aerbaijan, the voice of the global south has never been more vital. At all of these gatherings, developing nations are fighting to get their voices heard, and pushing to create...
Published 11/20/24