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**Wen** @Wen@mastodon.scot · Jun 2 *

Jun 2 *

Wen @Wen@mastodon.scot

Debt is crushing the developing world

A reminder and something that has been ignore by many in the West, most governments willing to turn a blind eye to the plundering of already poor countries by the companies that they regulate.

http://archive.today/2025.06.02-041422/https://www.ft.com/content/29a0f7fa-1871-4012-a730-48717fc61ecb (archive)

Start of linked article - title reads
Debt is crushing the developing world
There is an urgent need to rethink financial structures that are
failing billions of people

Below a drawing of a small bowed tree chained to a very very large ball is shown.

Screenshot of the conclusion to the article, reads
‘There is growing consensus among experts: current debt policies in many developing countries are serving financial markets, not the people. This threatens to condemn entire nations to a lost decade - or worse. A lost decade or more for some of the poorest and most vulnerable is something the world can ill-afford.
The debate must move beyond narrow narratives of success based simply on avoiding financial defaults. It must reflect the lived realities of billions whose futures are being mortgaged to serve old debts under unsustainable terms.
And it must begin to address the fundamental flaws in the global architecture that have led to recurrent debt and development crises. Now is the time for responsible action.’

#Debt #DevelopingWorld #Theft

**Europe Says** @europesays@pubeurope.com · Feb 3

Feb 3

Europe Says @europesays@pubeurope.com

https://www.europesays.com/1818715/ The role of climate and population change in global flood exposure and vulnerability #Climate #ClimateChange #DevelopingWorld #GlobalWarming #HumanitiesAndSocialSciences #Hydrology #multidisciplinary #NaturalHazards #PhysicalOceanography #science

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