top of page

Democracy Now! Global South Debt Crisis

Soaring inflation and devalued currencies have created a catastrophic debt crisis for much of the world, including in countries like Lebanon, Iraq, Egypt, Sri Lanka and Pakistan. Malaysian economist Jomo Kwame Sundaram says the instability is largely driven by interest rate hikes by the U.S. Federal Reserve, which have the effect of increasing borrowing costs for poorer countries and devaluing their currencies compared to the U.S. dollar. The intensifying U.S. economic war on China is also hurting many countries of the Global South that are linked to Chinese industry, he says.


Watch this interview at Democracy Now!


 
 

Recent Posts

See All
Food Systems Worsen Diets, Health

By Jomo Kwame Sundaram KUALA LUMPUR, Malaysia, Jan 21 2025 (IPS) - Corporate-dominated food systems are responsible for widespread but...

 
 

Contact Me

  • Facebook Social Icon
  • Twitter Social Icon

Thank you for reaching out!

bottom of page