Vijay Prashad says the expanding IMF-driven debt crisis, which has converted the idea of “financing for development” into “financing for debt servicing,” bears watching while China waives debt to 17 African nations.
Global South countries that are least responsible for the climate crisis are being forced to take on the devastating costs, writes Jerome Phelps.
It is generally easier for countries that offer development finance for energy projects to make low-carbon rules for others, not for themselves, write Benjamin Attia and Morgan Bazilian.