By Aldo Caliari | Jubilee USA As developing countries face mounting global economic shocks and a deteriorating growth scenario, the concern that we may be on the brink of a chaotic series of debt crises has become more real. The role of private creditors – investment funds, private equity funds, commercial banks and other firms… Read more »
September 7, 2022
Call to New York Presbyterians: Take Action on International Debt Crisis
By Aldo Caliari | Jubilee USA As developing countries face mounting global economic shocks and a deteriorating growth scenario, the concern that we may be on the brink of a chaotic series of debt crises has become more real. The role of private creditors – investment funds, private equity funds, commercial banks and other firms… Read more »
By Eileen Schuhmann | Presbyterian Hunger Program Staff Debt is a root cause of hunger and poverty. Global debt (which includes borrowing by governments, businesses and people) surpassed $300 trillion in 2021, a record $77 trillion increase from 2020, which the International Monetary Fund cautions is at dangerously high levels.[i] This extraordinary borrowing has stemmed…