Russia's war on Ukraine has wreaked havoc on global commodity markets, driving up energy and food prices and exacerbating hunger emergencies around the world.
As hunger threatens millions, the Biden administration should give its OK for the IMF to distribute financial backing to the world’s poorest countries. By Mark Weisbrot.
Western governments should “compel” private lenders to ease loan repayments from low-income countries to tackle a debt crisis, according to campaigners.
Putin’s war underlines just how urgent debt cancellation is. When the fighting ends, Ukraine will need a modern-day Marshall plan - made up of grants, not a reconstruction financed by loans, writes Owen Jones.
A climate debt is owed. It is owed by the richest countries, whose carbon emissions—through centuries of industrialisation made possible by colonial extraction—have been the principal cause of the climate crisis.
The Covid-19 pandemic has led to a “tragic reversal” in development and pushed debt in poor countries to record levels, the head of the World Bank has said.
The latest Spotlight on Sustainable Development 2021 report argues that it's time to overcome contradictions and hypocrisy in the COVID-19 crisis. Published by Social Watch et al.
More than 100 countries face cuts to public spending on health, education and social protection as the Covid-19 pandemic compounds already high levels of debt, a new report says.
