Global Debt Crisis: Developing Countries demand fairer deal
The global debt crisis has been a pressing concern for decades, with inequalities between developed and developing countries continuing to widen. As positions between lenders and borrowers harden, the need for reforming the global debt architecture has become increasingly urgent. At the heart of the issue is the question of responsibility for maintaining sustainable debt levels. Donors argue that borrowing countries must take ownership of their debt, while borrowing countries counter that the global debt architecture is flawed, allowing donors to lend in ways that undermine debt sustainability and create a vicious debt cycle. On the penultimate day of the...
