The Global South Is on the Brink of a Disastrous Debt Crisis. Reform Is Urgent.

Citizens of the Global South now face the worst debt crisis since global records began, with low-income countries experiencing a 150 percent increase in foreign debt payments since 2011.

The obstacles to debt relief are purely political and ideological, as the global financial architecture is morally bankrupt and designed to serve the interests of the rich at the expense of the poor.

Read at Truthout